Wednesday, March 23, 2011

FX Markets

The worst hasn't even come to pass yet (the Greek vote), but if you took yesterday's trade idea, short the Euro, Long UUP, it looks like you're in the money already.

Thus far FXE is down over .50% on the open and UUP is up .46% on the open. When theGreek vote comes (I believe around 10 a.m. EDT) we should see some more action to the downside, but expect some volatility.

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