Thursday, March 1, 2007

Quick Pre Market Post

Yes indeed, front month stock futures are swooning again this morning, with a slide of more than 14 points in S&P and incredible volume of 200,000 contracts on the e-mini's.

Japanese Yen is taking off again.. .carrytrade unwinding just as the day before. At this rate, Yen will be pouncing on its long elusive 200 day moving average. As evidence of unwnding carry trade, NZ dollar, Canadian dollar both lower; Swiss Franc higher. More a bit late.r

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