June 12, 2008

Buying Yen and Euro, Betting on inflation

Half an hour is left to the US market close; I decided to bet on negative effects from inflation. 10 hours left to the German CPI and I am long on EURUSD at 1.5422. I have sold USDJPY at 107.88; I see the today high as the full price of recent rise in US Advanced Retail Sales.

Technically there is MACD divergence in both charts.




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