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  • The Euro Short Squeeze Comes To An End...

    In This Issue..

    * Euro drops 2-cents overnight...
    * The Ring of Fire...
    * Euro to be added to Carry Trade?
    * Data Cupboard has housing data this week...

    Good day... And a Marvelous Monday to you! The last week of May! Can you believe that? This weekend is Memorial Day Weekend, and Summer is here! (I know, not officially, but to me, Memorial Day marks the beginning of Summer, and always has!) Summer heat arrived here this weekend... Man, did that hot sun feel good! It was 60 for a high on Thursday, and 90 yesterday... If you don't mind change, then you'll love St. Louis weather!

    Well, the heat returned to the euro overnight... After enjoying a couple of days in the sun, rising from the ashes due to a short squeeze last week, it appears to me as though that sun bathing for the euro is over... Yes, it looks like the selling will return this week, I mean I may only have one eye, but I can see a reversal when there is one! The euro began the overnight sessions climbing to 1.2587, and then turned on a dime! The single unit is now grading below 1.24... Do you see the reversal?...