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Exodus commented Jun 5, 2013Timely article appearing just as the European markets crash, Dax down 1%, CAC down 1.6%, Ibex down 0.7% and FTSE down 1.9%. Not to mention the Nikkei down 3.8% again! Comedians with No Bloody Clue
June Market Swoon Ahead? Maybe Not, Traders Say
- Exodus commented Jun 5, 2013
Just read an article on MarketWatch, Japanese companies are bloated with staff and apparently ham-strung with respect to down-sizing. If that obstacle is removed then higher unemployment must follow and that will do nothing for retails sales.
Abe: Vows to slay "deflation monster" with fiscal and monetary policy
- Exodus commented Jun 5, 2013
Rock Star !? When is his next concert? Can I get tickets online?? edit: Ok, watch for signs that shorting Sterling is a good idea. Otherwise wait to see if the recent stimulus from George Osborne yields fruit. Initial signs are that it is producing ...
U.K. will regret hiring rock star central banker
- Exodus replied Jun 5, 2013
Morning Vlad Yes I used that a few weeks ago, a handy tool.
USD/JPY Discussion
- Exodus commented Jun 5, 2013
Not complaining, just observing, and if you read the information about the release FF has observed that TR clients get a 2 minute advance preview. That aside, some useful data for my long position.
UK new business grows at fastest pace for over three years
- Exodus replied Jun 5, 2013
The current performance of the Nikkei indicates that UJ is down-trending for a while, especially after Abe failed to impress today.
USD/JPY Discussion
- Exodus replied Jun 5, 2013
That is one of the most accurate and illuminating statements of simplistic fact which I have ever seen. Well stated.
95% traders go broke, only 5% survive
- Exodus commented Jun 5, 2013
Notice the 20-pip spike when the Thomson-Reuters clients received their advanced notification?
UK new business grows at fastest pace for over three years
- Exodus commented Jun 4, 2013
Another attempt to directly weaken the Yen
Abe to urge review of Japan's public fund strategy
- Exodus replied Jun 4, 2013
Thanks Vlad, I read the article and have realised another facet to this, so here is my take on it. { Stocks up = money into brokers and banks = brokers and banks distribute cash for best yield = sell Yen, buy Aud or something } { Stocks down = banks ...
USD/JPY Discussion
- Exodus replied Jun 4, 2013
Thank you. The mechanism { QE = floating money = stocks up } is well understood. The question I asked was why { stocks down = money removal } because one might think that sellers of stocks would then have lots of Yen and that should weaken the Yen.
USD/JPY Discussion
- Exodus replied Jun 4, 2013
Hi Vlad I want to ask you something please. Why does Nikkei down = UJ down. I would have thought that Nikkei down releases lots of Yen into the market and would cause UJ to go up...?
USD/JPY Discussion
- Exodus replied Jun 3, 2013
The beer fund finished May up 7.5%. That is accounting closed positions, into this morning I still had longs in Cable and Fibre open, and some EJ positions that would annul all last months gains. On a gradual improvement basis I can be pleased with ...
(binned per thread starter's request) The big... IF
- Exodus commented Jun 3, 2013
Ok, you can weaken the Euro now thanks.
For preference I would like it to weaken a little slower than the Yen....France’s Montebourg says a slightly weaker euro is needed
- Exodus replied Jun 3, 2013
I'm with you. Just got in long @ 99.0 As you wrote earlier this level is the top of the previous stair-tread, kinda, and so I'm looking for a bounce back to 100 at least. If this is the crouch before a leap it may go beyond 104. Voyeurs please pull ...
USD/JPY Discussion
- Exodus commented Jun 3, 2013
...NO!! I haven't closed my long yet!
France’s Montebourg says a slightly weaker euro is needed
- Exodus commented Jun 3, 2013
....gradually returns the atrophy in trust and interbank-communications
BIS records startling collapse of eurozone interbank loans