Category Archives: Currency

British Pound Trade – OCO Order

Posted on January 14, 2019 by macromon

We have over $8k unrealized profit in our cable trade and expect some two-way volatility around the BREXIT vote today. We are thus putting in an OCO (One-Cancels-The-Other) order on 5 contracts of B6H19 with a limit at 1.3050 and … Continue reading →

Posted in Currency, Uncategorized | Tagged , | Leave a comment

Sterling Set For Interesting Week

Posted on January 13, 2019 by macromon

Prime minister Theresa May brings her Brexit deal to parliament on Tuesday, which is widely expected to fail.  The government will cushion the blow by removing the potential for a do deal BREXIT, in our opinion.   We believe the PM … Continue reading →

Posted in Currency, Uncategorized | Tagged | Leave a comment

File Under: You Heard It Here First!

Posted on January 11, 2019 by macromon

See here and here. #UK hedge fund maganger Odey says he's betting on the pound to rise, predicting #Brexit won't happen: Crispin Odey manages Odey Asset management and he's putting his money on the UK not leaving the EU, according … Continue reading →

Posted in Currency, Uncategorized | Tagged , , | Leave a comment

Adding To Britsh Pound Trade

Posted on January 3, 2019 by macromon

Taking cable right here at 1.2670 (March).   Stop at 1.2470.    Target 1.35. Looking for positive BREXIT news: either Corbyn caves and supports a new referendum or soft BREXIT potential emerges.  We do recognize the risk of big volatility to the … Continue reading →

Posted in Currency, Trades, Uncategorized | Tagged | 2 Comments

MoMo Building For A “People’s Vote” In The U.K.

Posted on November 20, 2018 by macromon

Pressure continues to build, just as we said it would after the U.S. midterm “bitch slap” of the Trump administration,  for a second referendum on BREXIT, which will likely lose. Polls now show British public opinion in favor of remaining in … Continue reading →

Posted in Currency, Politics, Uncategorized | Tagged | Leave a comment

Crude Reality For Emerging Markets

Posted on October 2, 2018 by macromon

This chart comes to us via the “Polish Swish,” known for his nuttin’ but net baseline jumper.  It illustrates the local pain of rising oil prices in a few selected emerging markets. Crude oil is priced in dollars, and countries … Continue reading →

Posted in Crude Oil, Currency, Emerging Markets, Uncategorized | Tagged , , | 6 Comments

Hammer Drops On EM FX

Posted on May 8, 2018 by macromon

It’s getting tighter out there, folks. Emerging currencies are down almost 6.5% against the USD on average since February. pic.twitter.com/5TTNQgIgeE — jeroen blokland (@jsblokland) May 8, 2018

Posted in Currency, Uncategorized | Tagged | Leave a comment

Q1 in Review

Posted on March 31, 2018 by macromon

Q1: Lake Placid To The Mavericks The markets closed out the quarter trying to recover from one of the biggest volatility shocks in history, which began in early February.   The question for Q2 is:  Was the v-shock a one-off or a … Continue reading →

Posted in Bonds, Commodities, Currency, Equities, Uncategorized, Week in Review | Tagged , , , , , , | Leave a comment

Watch These Spaces

Posted on February 8, 2018 by macromon

It seems like an eternity since our January 28th Sunday night post, Watch This Space. The S&P500 had closed at the high of the day on Friday and also what was the high of 2018. We warned to watch the … Continue reading →

Posted in Bonds, Currency, Global Stock Performance, Uncategorized | Tagged , , , | 66 Comments

Start Of A Mean “Mean Reversion” In Stock Values?

Posted on February 5, 2018 by macromon

Asset valuations, including stock prices, eventually revert to their long-term mean (average) valuation or at least attempt to if not interrupted by outside intervention, such as central banks.    It has been the major factor in the steep sell-off in … Continue reading →

Posted in Currency, Equities, Uncategorized | Tagged , , | 28 Comments