9/13/2007

Enough USD Weakness For Now!

Tuesday's Fed announcement coming closer so let the second-guessing begin.

I've sold 1m USD calls and added some steepeners (2/5, 2/10). Fair prices all the way through the curve, if you must know.

USDCAD daily chart: certainly bottom of the range and everyone being short because of the 2-month H-S pattern would need to cover if today's session posts a hammer. This is what I think will happen.












I'm the most leveraged I've been since starting out as an independant trader.

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