USDx jumped 25 bp exactly at NY close ( coincides with a high volume last minute selloff in DJIA stocks) .... EUR and JPY unaffected thus EURUSD fell exactly with USDx raise USDJPY rose accordingly AUDUSD fell accordingly... thats strange USD sold vs USD ? New Dr.Ben's trick?
mex peso qualifies as world reserve currency.... yes I agree. I continue to buy NOK. It is certainly not default if Portugal is bailed out and not default of Spanish cajas are bailed out by Spain govt and if Spain govt is bailed out by EFSF . All this is VERY bullish for a series of rate hikes. No matter what happens it is bullish.
mass selloff in PIGS bonds . Fear of big haircuts luckily I am short in all Ezone bankrupt banks... Ireland Portugal Spain Germany. however BoJ pumped around JPY 700 bln after March 18... if that isn't enough good bye USD Euro as reserve currency...or better Russian ruble? Or russian ruble and China Yuan combined?
a modest rate hike seems a sure thing however the PIIGS are definitely not performing economies. Ireland Portugal Greece are insolvent and Spain's backbone, the cajas are out of cash... dunno how more than one hike could save what?
All this optimism just to save the USD to prevent Japan from selling UST . However as spontaneous fission occurs , that means that far more energy is released than by just radioactive decay and that chain reaction can restart. Thus a concrete tomb has little to no probability of withstanding longer than a couple of days. All optimism that Japan economy can recover in a year is unfounded. I see major impacts on Asia, especialy China economy. There is hardly anything made in China , Malaysia, Indonesia, and so on that has no crucial devices made in Japan.
Dave0 do you think the USDJPY "flash crash" is a demonstration of a healthy fx market? I think it's just the opposite. That was the end of position trading at least for me.
No need to find anything. I or rather the system works with strength differences. But I get out with 20 pips. Know what really happened when USDJPY fell from 81 to 76 in a couple of minutes? Yes that was liquidity crunch. It will happen again. I happened to be on the short but that was pure chance. Next time I may be on the wrong side when crunch hits the fan.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months 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(10 months 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(10 months 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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months 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(10 months ago)
I continue to buy NOK.
It is certainly not default if Portugal is bailed out and not default of Spanish cajas are bailed out by Spain govt and if Spain govt is bailed out by EFSF . All this is VERY bullish for a series of rate hikes. No matter what happens it is bullish.
however BoJ pumped around JPY 700 bln after March 18... if that isn't enough good bye USD
Euro as reserve currency...or better Russian ruble? Or russian ruble and China Yuan combined?
with sl 90
However as spontaneous fission occurs , that means that far more energy is released than by just radioactive decay and that chain reaction can restart. Thus a concrete tomb has little to no
probability of withstanding longer than a couple of days.
All optimism that Japan economy can recover in a year is unfounded. I see major impacts on
Asia, especialy China economy. There is hardly anything made in China , Malaysia, Indonesia,
and so on that has no crucial devices made in Japan.
do you think the USDJPY "flash crash" is a demonstration of a healthy fx market?
I think it's just the opposite. That was the end of position trading at least for me.
Yes that was liquidity crunch. It will happen again. I happened to be on the short but that was pure chance. Next time I may be on the wrong side when crunch hits the fan.