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Citi Explains Why The Time To Fade The EUR Rally Has Come PDF Print E-mail
Written by Ron Rebner   
Friday, 28 October 2011 07:02

Yesterday the short squeeze in the EURUSD brought the pair to within pips of Citigroup's revised stop loss of 1.4260 even as it got even more bearish on the European currency, setting a new target of 1.3150. Today the bank's FX strategists continue their onslaught, stating in a note that wonders how long the Euro-love will last that "The post-summit EUR rally is driven by a continuing squeeze in short risk positions and unwinding of worst fears of financial contagion, rather than improvement in cyclical fundamentals." Here are their full thoughts on why the time to short the pair, and thus the entire EURUSD-driven market, lower.

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KevinG  - Speaking of Preparedness |2011-10-28 07:49:00
I turned on the local talk radio this morning and lo and behold they were talking about emergency preparedness! The guest was from the American Preppers network http://www.americanpreppersnetwork.com/ incase anyone is interested.

And a going away present for GP http://www.youtube.com/watch?v=S7RyiwHVZdQ

Thanks guys :)
God speed!
rrebner |2011-10-28 08:16:06
Kevin G Thank you for the Be Prepared message.
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