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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Category Archives: Currency
British Pound Trade – OCO Order
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
Sterling Set For Interesting Week
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
File Under: You Heard It Here First!
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
Adding To Britsh Pound Trade
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
MoMo Building For A “People’s Vote” In The U.K.
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
Crude Reality For Emerging Markets
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 Crude Oil, Currencies, Emerging Markets
6 Comments
Hammer Drops On EM FX
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
Q1 in Review
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 bonds, Commodities, Currencies, Global equity markets, Q1 In Review, Stocks, Week in Review
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Watch These Spaces
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 bonds, Central Banks, Mario Draghi, Stocks
66 Comments
Start Of A Mean “Mean Reversion” In Stock Values?
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 Equities, Fundamental Valuations, Stock Market Crash
28 Comments