Most of the foreign currency futures traded as expected in Europe following the aggressive market on Friday, when the European and commodity currencies sank: all of the European and commodity currencies but the pound bounced, while the yen declined. The short-term outlook is slightly bullish for the European and commodity currencies and bearish for the yen.
Except for Hang Seng, which tanked, the Asia/Pacific stock markets closed mixed, the European bourses are mixed, while gold and oil rallied.
My model is short all of the majors foreign currencies but yen.
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