The Aussie $ and Euro are being sold off as a result of unwinding carry trades. With the Yen rallying, traders are rushing out of their carry trade positions.
I see this as a buying opportunity, and I’ll gladly take the other side of the trade here.
|Ticket #||Reference #||Time Entered||Status|
|BUY 1 DECEMBER 2007 EURO CURRENCY (GLOBEX) MARKET|
|BOUGHT 1 DECEMBER 2007 EURO CURRENCY (GLOBEX) AT 1.4147 (10/22/07 09:43:16AM)|
|BUY 1 DECEMBER 2007 AUSTRALIAN DOLLAR (GLOBEX) MARKET|
|BOUGHT 1 DECEMBER 2007 AUSTRALIAN DOLLAR (GLOBEX) AT 0.8759 (10/22/07 09:41:00AM)|