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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
but i dont think they really want qe3, i guess this turn is corp tax.
i didnt touch fx for a while, stock&gold only.
If NFP better than GS rumor, much better, then
USDCHF long , USDJPY long , and even EURUSD long good trades.
Also EURCHF long.
But it can all be otherwise, problem positioning ahead with sl is spikes.
However if NFP comes at GS level then better wait, no trades.
The Streettalk/Mauldin Economic Output Index
Is There a Recession in Our Future?
The Bright Side of Europes Dysfunctionality
The Treasonous Fed
http://www.johnmauldin.com/frontlinethoughts/the-recession-of-2011
Another worthwhile read from JM. Covers US and EUR banks.
==============
Barclays
Barclays terms the Aug Empire mfg data "another weak
US regional manufacturing survey" although component indices "took a
more mixed tone." They say "Manufacturing output is likely to get a
boost from a rebound in auto output during Q3 (something the Empire
State survey is unlikely to pick up in full), but the survey evidence
suggests that the slowdown in broader manufacturing activity during Q2
has continued into Q3, perhaps in response to the very weak final demand
seen in Q2. Key for the outlook will be whether a rebound in final
demand transpires during Q3 and, in turn, whether this can trigger a
rebound in production."
Nomura
Nomura says there are regional divergences in manufacturing
so might want to downplay the dipping Empire index. These divergences
were "portrayed in the most recent Beige Book, in which it was
reported that, 'The six districts nearest the Atlantic seaboard reported
a slowdown in activity'." Chicago PMI and other data might be better
than Middle Atlantic indicators, they say.
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Ashraf
TIC Long-Term Purchases 3.7B 30.4B 24.2B
TIC drop is hefty...so now everyone bets on QE3 ...not me.