Simple's Green Room

[pennies2007]

Evening gang. The Italy referendum is gonna make things really interesting tonight and tomorrow on the currency markets...sort of like a smaller version of Brexit.

I bailed out of my EU longs last week for a small profit well before the weekend. Still short UJ though. I think a "No" vote on the referendum could send UJ spiraling downward in a major way. If the Italians pull a rabbit out of the hat with "Yes" vote though, we still have the Fed coming up soon and that would result in a sell off too, so either way, short UJ should be a good bet until the 107 mark is hit to the downside.