Forex Positioning

March 30th, 2008
2050 hrs

Okie. I was asked what I might trade top-down
on currencies. Here is what I'm thinking
specifically, along with exposures...and my
own form of voodoo economics (hahahaha) :

Long

EUR/USD Now at 1.57797 +1 EUR, -1 USD
EUR/GBP Now at 0.78978 +1 EUR, -1 GBP
USD/JPY Now at 99.781 +1 USD, -1 JPY
AUD/USD Now at 0.91462 +1 AUD, -1 USD
AUD/JPY Now at 91.438 +1 AUD, -1 JPY

Short

USD/CHF Now at 0.99690 -1 USD, +2 CHF
USD/CAD Now at 1.02327 -2 USD, +1 CAD

GBP/CHF Now at 1.98803 -2 GBP, +1 CHF
GBP/USD Now at 1.99408 -2 GBP, +1 USD

Yes, I think it is absolutely nuts that
the GBP is trading where it is. The problems
on these shores will hit the pound more than
it will hit the rest of the Eurozone....it's
a matter of time.

- aLV