Dan Gheorghiu's Weblog

The dollar accounted for 63 percent of currency reserves in the world at the
end of March, dropping from 71 percent at the end of 2000, according to the
International Monetary Fund. The euro's share increased to 27 percent, from 18
percent.

Investors pulled a record $89.2 billion from money-market funds on Sept. 17,
according to data compiled by the Money Fund Report, a newsletter based in
Westborough, Massachusetts. The withdrawals totaled a decline of 2.6 percent in
money-market assets.

Fixed Income: All 10-year contracts collapsing, down by almost 2% in two days.

• Trading Strategy:
  Trade Idea (Equities – Trendspotter Buy Repsol
  (REP:xmce)): The Spanish Oil producer is staging a strong comeback helped by the
  strong bounce in crude prices  a break above 20 would confirm the comeback
  scenario in Repsol, we place a stop order to buy at 20.20, with an initial
  target of 21.30. If done we will keep a stop at 19.90.