9/12/2007

Sold EURUSD @ 1.3888 (+ position update)

Enough with the USD weakness! Several USD majors appear exhausted. And I know Bernanke won't cut more than 25 bp next week (trust me).

USDCAD: still long but the pain is close to unbearable.

Closed risk reduction basket this morning at a very decent profit (CHF, JPY, VIX calls, Eurodollars).

Quite a juicy trend in crude oil. A lot of oil services names to like: NOV, PTEN, GLF, HAL and APA (GS upgrade today). Saipem, SBM Offshore and Subsea in Europe.

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