Thursday, June 16, 2011

Greece near the End?

Greece was unable to come to terms with their funding last night, and US registers highest inflation with core inflation figures looking like they are definitely ticking up. The USD spiked up largely in part with both the two themes of risk aversion and qe3 now probably not an option. As Santelli calls it, we are seeing good ol' stagflation. My short euro and aud trades are working out, I've closed it for the intra-day to re-evaluate as they are threatening to breakout to the upside in the short term.