Friday, August 26, 2011

EUR/USD Update

It is all over the place today. Traders are coming and going. I am a dollar bull here. With all the talk of QE3 we are not getting anything else from Fed, at least for now. In Europe recession is rearing its ugly head. We will start looking better, even if our growth is 1%. After initial pop, Euro bulls will realize that anything ECB does will be extremely diluting for Euro. Eventually they end up doing TARP and print their way out of trouble with their own QE.

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