Euro price action poor this morning despite Cisco after hours
news which should see a soft Wall Street open. Big two weeks ahead in
the US with nearly half S&P 500 companies reporting - Q3 & Q4
earnings f/casts. Despite the rumblings out of the US, Euro price action
remains disappointing - seen speculative longs flushed out this morning,
presumably buyers on expected Usd weakness. Oil price movements
hasn't helped the euro either. Eur/yen selling linked to usd/yen
as trust banks the big sellers. However, expecting consolidation
phase ahead of 24 th April LDP elections.

Richard Cosgrove
Union CAL
SFA regulated

Although the information in this report has been obtained from sources which
Union CAL Ltd believes to be reliable, we do not guarantee its accuracy and
such information may be incomplete or condensed. All opinions and estimates
in this report constitute our judgement as of this date and are subject to
change without notice. This report is for information purposes only and is
not intended as an offer or solicitation with respect to the purchase or
sale of any security

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>Hallo, JüKü,
>ich bin zur Zeit massiv yen-short, und die Position ist derzeit auch unter Wasser. Besser aussteigen?
>Beste Grüße vom Baldur
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Ja, würde ich sagen. Zumindest wieder die berühmte Hälfte.
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>>>
>>Das dürfte die Korrektur nach dem ersten Impuls sein, könnte durchaus bis 98 - 100 gehen, aber 104 wohl mindestens.
>>Mittel-/langfristig (Monate und mehr): Yen schwach.
>>Meine bescheidene Meinung.
>>Wenn eine Quote von 70 % gilt, dann bedeutet das auch in diesem Einzelfall 30 % Wahrscheinlichkeit, dass es falsch ist. Immer bedenken.


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