Broad market consensus currently says that the Federal Reserve will remove the term “patience” from its statement at this Wednesday’s FOMC meeting, effectively making the June meeting live for an interest rate hike. Eurodollar futures currently show that there is a 20% chance of a June hike, up from 18% on Friday but down from […]
Monthly Archives: March 2015
Much More Room to Sell Euro
posted by Chris
Euro shorts remain close to near the all time highs seen in 2012 when Greece teetered on the edge of exiting the Eurozone. I have noted in the past couple of weeks that unprecedented degrees of monetary policy divergence call for unprecedented amounts of short positioning in this pair, and we have probably not reached […]
Recent Comments