In This Issue..
* Too far, too fast?
* Currencies give back some ground...
* Did China send a message?
* The Mogambo and more!
Good day... And a Terrific Tuesday to you! I hope your Memorial Day Holiday weekend was grand... We had beautiful days Friday and Saturday, but Sunday and Monday brought the monsoons! Still... I got to spend time with family and friends, and attend a Cardinals game! YAHOO!
Well... Recall on Friday morning, I told you about how we could see wild swings because of the thinned out trading desks? Well, that's exactly what happened... The Big Dog, euro, traded well into the 1.40 level, up to 1.4050 at one point! The currencies across the board were kicking sand in the dollar's face and laugh. You may also recall that I said that Friday didn't seem like a good time to buy given the strength... And that too, has played out with the currencies giving back a good chunk of ground taken last week, in the overnight markets....