Line Changes:
None to speak of (yet)

Position Changes:
None. Still short net 20% allocated at 10330

Order Changes:
None. Stoplosses still at 10357


Comments: "There are no recent comments to display"

Over the past two weeks, the US dollar has surged across the board. And, considering this currency has stood as the primary funding currency to a burgeoning carry trade, it makes sense that the greenback’s performance could be interpreted as a sign that risk appetite is toppling. However, cause and effect do not connect here – at least not yet. Instead risk trends have extended the congestion that has set in since October/November; and the period of consolidation has allowed the world’s reserve...