I have watched this idiocy long enough. One of these markets will crash in the next 6 month, either bonds or equities.
So, the US of A wants to print unlimited USD ? No problem. Every printing machine has to pay :
Simply buying deep OTM Treasury Bond puts and deep OTM stock index puts.
Britain's spending cuts have been branded as "absolutely insane" by one of the world's leading currency traders, who expects the pound to tumble beyond the low it has set this year.
"I think what Britain is doing is absolutely insane" John Taylor, the founder of the $8bn FXConcepts fund...
Japan Sept. exports rise 14.4% vs. year-earlier
Japan Sept. trade surplus widens 54% from year-ago
Despite massive JPY strength... :cool:
Next target 80.24.
That´s more of rhetoric question, or ? :confused:
Goldman S&P 500 Earnings
Our top-down EPS forecasts of $81 and $89 for
2010 and 2011 reflect +43% and +10% growth,
respectively. Our pre-provision and write-down
EPS forecasts are $85 for 2010 and $89 for 2011.
Bottom-up consensus...
Oct. 24 (Bloomberg) -- The Federal Reserveâs push toward easier monetary policy is the âwrong wayâ to stimulate growth and may amount to a manipulation of the dollar, German Economy Minister Rainer Bruederle said.
Fed Chairman Ben S. Bernanke yesterday gave Group of 20 finance ministers...
Nah, below 500 is not funny ;=)
And yes, no change in positioning of retail traders :
Oanda : 65,39 % long GBP/JPY, 81,73 % long USD/JPY
FXCM : 90 % long GBP/JPY, 88 % long USD/JPY
Dukascopy : 62.8 % long GBP/JPY, 72.61 % long USD/JPY
A couple of observations before the weekend starts :
1) ES wasn´t able today to break through Simple Moving Average ( 20 ) for 7 hours. And you can guess where this "breaking" point was :
yep, 1175.00-1175.50
2) "Events" like this must be coordinated. Coincidentally volume was...