Scrolling through my email’s In Box, I am stumped by the number of synonyms of the words STUMPED and STYMIED in the various titles of fx market commentaries, analyses and reports I have received in the past week. STUMPED = STYMIED = Bizarre = Frenzy = Bewildered And you really cannot blame them, the analyst, the chartist, the strategist or the economist, waking up each day to dissect the market in the way they know best. But nothing has gone right lately. The worst call banks have made in FX this year has been the USD call which is the logical call most have piled into and still remained vested in. (Not to mention the taper sell bonds calls) In fact, this is one of those rare years where almost every asset class has rallied in synchrony so far. The 4 top positions of fund managers currently according to Citi ......