Dollar resuming strenghtening against european currencies Position @ since EUR/USD 1.1845 short 1.1915 21.2.06 USD/CHF 1.3220 LONG 1.2765 12.01.06 GBP/USD 1.7385 long 1.7420 17.2.06 USD/JPY 116.25 short 118.35 22.02.06 EUR/JPY 137.75 short 141.04 22.02.06
Quantitative: Dollar beginning to show strength again -The dollar is rising and will rise more against european currenvies -the yen will keep strenghtening until fiscal year end in Japan
Sentiment model: Market confident in near term dollar strength -Market sentiment clearly confident that the dollar will strenghten further -Ever bigger divergence between dollar and gold becoming problem that will have to be solved one day -dollar to fall dramatically when that happens -unsure what the trigger will be but will be on alert
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