Monday 19/09/2011 8PM GMT 9PM CET

We expected some short covering in the major higher yield currencies and the Euro last week and took 50% of our profits in the Pound, Euro and Aussie Dollar but were back in short today, as per the weekend round up and we expect more upside in the Dollar.

Saturday 16/09/2011 12PM GMT 1PM CET

We have maintained for months that the global economy is going to slow up and the Euro zone fiscal crisis represents a huge threat to the global economy and we haven't changed our view. We have had some short covering in risk currencies - but we expect this to end and the Dollar to continue to remain firm.

Saturday 16/09/2011 12PM GMT 1PM CET

We remain short the Euro from 1.46 with our core position and loaded up shorts a 1.44 taking profits last week on 50% of our position just before the rally unfolded – this rally though is short covering and we expect to load back up on shorts next week and see the Euro going down to 1.30...

Saturday 16/09/2011 12PM GMT 1PM CET

Currency speculators went long the U.S. dollar for the first time since July 2010 in the latest week, according to Reuters calculations and this actually warned of some short covering in major currencies – lets take a look at the positions and what they mean in both the Pound and the Euro...

Thursday 15/09/2011 8PM GMT 9PM CET

We took in some profit on the Euro at the start of the week, as we hit a bearish extreme and now we are seeing short covering but this rally is on borrowed time and we expect, the Euro to fall back and we see it at 1.30 in the next few months.