FOREX TRADERS

[Transat 5]

I agree USD bearish,

One of the main reasons for this is I have seen the way Putin keeps diffusing the situation with Iran.
(Enrichment faciities for Iran going to be in Russia)

But Both Putin and Iran want a Euro barrel. That is going to have a marked effect on the dollar and has put a cloud over it for months now.
It would be rather like a Fed Reserve Bank dissapearing.
(The bank comprises all that oil at any one time on the high seas and in storage between extraction and being use)

Will the G7 be able to stabilize ?
I dont think it is in their hands to be able too as much as they would wish.

Yep, I see an interesting week next week and I think London will set the stage in the morning .

What do you think about polling opinion once a week by the way ?