French Bond Auctions....

So, we know what happened last week with the S&P Downgrades in the Eurozone. And everyone (including myself) feels like the euro is going to get smashed today. But one thing that concerns me...is that the US bond action, immediately following the US downgrade...was oddly strong. Could France be ready for the same reaction from the market?

When you read this, the auction will have already taken place. I'll be up at 4am to see the results...and possibly place a trade or two. If all goes well (for us), the auction will be weak, and the Euro will continue its downward trend towards 1.25....then 1.18.

Key times to check your account...8am.....9:30am....12pm EST.

Tuesday, we have the same situation with Spanish bonds, which...after a 2 notch downgrade, should be VERY week....driving the euro down further. Then we get to Wednesday....the German bond auction. Because of all the concerns in Europe, money is flowing into the strongest country....Germany. Sounds like a good idea...except for one thing. THE GERMAN ECONOMY IS TIED TO THE REST OF EUROPE! But hey...you all know i enjoy profiting off of the doom of sovereign nations! (JK....sort of!)

At this point, I'm short 40 units of EUR/USD....and after this week...i might be short 75 units.....hoping to build up to 100 units....riding it down to 1.00! (i don't really think it will get that low)