I expect this bailout (whenever its passed) to have an inflationary,optimistic reaction in the equity markets, however, i don't know, expect for JPY, how high yielding currencies will react to this news. I would be a dollar bear, however, will the "carry traders" that unwound the last two months will try to reestablish themselves with more yen carry trades?
The reciprocal currency arrangements with the European Central Bank, and the central banks of Switzerland, England, Canada, Japan, Australia, Denmark and Sweden now totals $290 billion. Who needs more easing? I believe interest rates cuts are too big of a psychological weapon to be used currently. Only if the bailout plans fail or carry trades unwind to extreme levels, maybe then.
Other notes: Is AUD/JPY forming an ascending triangle pattern on an uptrend move?
Totally clueless action, as if big movers don't care about the IFO but rather swing all over the place. Why have the fx markets been too volatile recently? Wasn't like this before.
What are the implications of a negative view of European Banks for a longer term forex trade (from Centre of European Policy Studies) weighting a possibly eurozone slowdown with a "maybe" better than expected report at 4 am est (IFO survey)
Since Japan had a holiday yesterday, is it possible for the USD/JPY to slide early asian session as further liquidations happen? or will the eventual congress-fed deal keep negative equity markets' influence on USD/JPY light.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
Nasdaq100 Update
Since entering Nasdaq100 Longs on Monday at 18550, we kept accumulating and locking gains until 19230 yesterday and 19380 today.
View Hot-Chart..
I expect this bailout (whenever its passed) to have an inflationary,optimistic reaction in the equity markets, however, i don't know, expect for JPY, how high yielding currencies will react to this news. I would be a dollar bear, however, will the "carry traders" that unwound the last two months will try to reestablish themselves with more yen carry trades?
Other notes: Is AUD/JPY forming an ascending triangle pattern on an uptrend move?
CME volume have shown greater buying interest for EUR futures recently, therefore, is it better to take the Centre of E..'s reports lightly for the short term. http://blogs.wsj.com/economics/2008/09/22/european-banks-too-big-to-rescue/
Another topic:
Since Japan had a holiday yesterday, is it possible for the USD/JPY to slide early asian session as further liquidations happen? or will the eventual congress-fed deal keep negative equity markets' influence on USD/JPY light.