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Long

Euro on jet fuel. Maybe a Grexit is what the Euro needs...

FX_IDC:EURJPY   EURO / YEN
The Euro             continues to climb. I suspect it is a simple case of sentiment. The rout on bonds globally undoubtedly signaled a change in investor sentiment, at least in the short-term from safety to risk. Capital continues to flow from safety into risk in this case the Euro             and the Australian Dollar             alongside commodities like Copper             . This is an unusual appetite for risk considering Greece is in a mess and some will claim the US economy is not in the best shape (I disagree, if people think the UK is, then the US is stellar). It could be the smart guys know what we don't and are bracing for the biggest risk bubble we have ever seen.

The Euro             has come of a 5th wave completion and appears to be in an extended C wave that could take the Euro             to new heights. Tested against the Yen (safe haven currency) we could see another 3% -7% appreciation of the Euro             . What next? An equity bubble? No shit!!!

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