Party time! Excellent! Impressive! (link fixed)

Posted by Jack Crooks - Black Swan Capital

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Key News

– German exports surged at their fastest rate in nearly 18 years in March, surpassing even the most optimistic forecast as Europe’s largest economy shifted up a gear after stumbling over the winter. (Reuters)
– No doubt the trade was crowded, as the chart below (from Reuters) shows the massive short position in the euro before this morning’s short covering:


“A child of five would understand this. Send someone to fetch a child of five.” – Groucho Marx

FX Trading –  Quantitative Easing Gargantuan!

Party time!  Excellent!  Impressive!  European leaders do know how to spike a punchbowl; that’s for sure.  Two objectives to this party: 1) stave off the demise of the European Monetary Union, and 2) Punish those nasty speculators and trigger a massive short squeeze.

….read page 2 HERE