Wall Street Greek

Editor's Picks | Energy | Market Outlook | Gold | Real Estate | Stocks | Politics
Wall Street, Greek

The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Tuesday, June 30, 2015

Euro Manipulation – I Feel So Dirty

The euro made a dramatic reversal that seemed to make very little sense Monday, and so I feel kind of dirty. The euro was down dramatically 1.9% versus the U.S. dollar in overnight overseas trading on obvious Greece concerns. Yet, by afternoon trading in the U.S., it was sharply higher versus the dollar. It was unnatural and had a lot to do with the actions of the European central banks plus a strangely timed news bit about Puerto Rico. I feel like my money has been touched inappropriately. See my report on euro manipulation. Article interests CurrencyShares Euro (NYSE: FXE), PowerShares DB US Dollar Bullish (NYSE: UUP), PowerShares DB US Dollar Bearish (NYSE: UDN), ProShares Ultra Short Euro (NYSE: EUO).

Disclosure: I'm long EUO and short UUP as a hedge and play on volatility. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Greek Christening supplies

Labels: , , , , , , ,

free email financial newsletter Bookmark and Share

0 Comments:

Post a Comment

<< Home