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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
Now, if Philly Fed is disappointing and FOMC does NOT announce QE 2 next wek, then markets may force the Fed's hand by selling off, sending bond yields higher. Thats almost exactly what happened at the famous December 2007 FOMC meeting when the Fed did NOT cut rates, only to follow up later in afew days later with a rate cut.
Ashraf
i remember a few years ago that after option traders got in short the month before, the markets got held up till the friday, before heading a lot lower after friday's expiries, im not saying the index's are heading lower after expiry, it's just unusual to see the markets so undecided in direction. just wonder what your view on this might be. (also is there any credance tol ECB data and US CPI m/m on friday)
http://bit.ly/amC1qy
Ashraf
I think that Bernanke's gauges for further action are clear and neither indicates easing.
Further imo no one has put China into such considerations. What does lowering yield of long term USTs mean for China with respect to its UST portfolio?
i am short GBPYEN AT 133
stop loss at 135
looking to book profit at lower levels