I’m booking a 10% gain since I went long on UUP on 9/25/09. I’m concerned about a today’s headlines about the Canadian Dollar Currently the Canadian Dollar is trading at .978091 USD.
Canadian dollar surges on jobs data
MarketWatch – William L. Watts – 5 hours ago
Canadian Dollar Hits Fresh 19-Month High Below $1.02 – EBS
MarketWatch – 7 hours ago
I am also concerned about the dollar, here are more of today’s headlines:
Dollar Falls on Fed Rate Speculation; Goldman Backs Euro Gain
BusinessWeek – Matthew Brown, Inyoung Hwang – 7 hours ago
The Canadian dollar headed toward parity with its US counterpart. “Yellen is the Fed’s extended-period language personified,” said Stephen Gallo, …
Yellen Brings the Dollar Down Daily Reckoning (press release)
FOREX-Dollar slips on Fed speculation; euro gains Reuters
Things change quickly. Time to book my UUP gains. Sell all UUP.