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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
To trade that fx spot is not appropriate , standard options is better, but one can successfully trade DOW SPX with 10y 5 y absolutely and by their spreads as a leading signal.
For GBP crosses, short sterling is also a nice leading indicator.
also, FT said lower rate in sep or further easing may affact china banks yield.
An old friend of mine from university days who is married to a Chinese woman visits mainland China twice a year recently told me the yards of luxury car dealers such as mercedes and BMW are full to the brim with unsold cars, and a heavy discount battle is going on. Only SUVs and sports cars still sell at list price. I have already months ago shorted BMW and Mercedes the put options are so far 50% up.
I believe in China hard - if not very hard - landing.