EUR crosses on the rampage
EUR/GBP and EUR/JPY are the stand-outs with long-term players exiting EZ short strategies across all financial markets. Any thoughts that these trends might be due to slow down were well and truly put to rest on Friday night.
EUR/CHF and EUR/AUD have lagged a bit on this particular leg but it is the nature of these big cross moves that they move irregularly at best.
I got stopped out of my AUD/JPY short trade and it’s best I leave the AUD alone for a while as I’m not timing it very well. I’m sticking with my USD/CHF long trade as I feel we may soon experience a strengthening in the USD across the board. Congrats to those who sold the cable at 1.5865, nice little earner as Arfur Daley would say.