Contra's FX Journal

[oldtime]

Quote from atticus:

Not much of a move, but USDJPY is going to 50 overnight.

even at 40 to1 too much money tied up in a pair that never moves

 

[atticus]

Quote from oldtime:

even at 40 to1 too much money tied up in a pair that never moves

That's why I'm long the DNT. No spot position.

 

[contra]

god damn exotics...

i feel left out.

you're pretty much at neutral on UJ now.

well we have euro data later to look forward to. I could imagine some more topside in euro markets if it's good. US data in the morning too.

retail sales has been bad as of late, another bad one should up the QE expectations yet again I guess.

 

[contra]

find this somewhat interesting... it's the only thing i had down here in no-mans land... its reacting.

odd thing is I heard a "US name" selling aussie down to 0500 stops thur/friday in early london and a "US name" buying euro at the lows last night.

Maybe there is a barrier at play. + some covering, but it's probably thin trade ahead of data.

 

[contra]

GJ and GU looking interesting ahead of the UK CPI

 

[oldtime]

I'll tell you what's moving and that's USD, somebody suddenly doesn't like it anymore

 

[contra]

Quote from oldtime:

I'll tell you what's moving and that's USD, somebody suddenly doesn't like it anymore

data in the morning. futures are up too.

 

[contra]

usdcad looks like it's going to take out 9900's.

cable barrier at 5800.

 

[oldtime]

I'm long CAD and GBP, but it is getting to be long night for those of us short AUD and EUR

 

[contra]

yea i wouldn't be short euro, my EJ is killing it.

ZEW after uk CPI. so I gotta stay on top of things, might take profit into that.

UK clearer demand in AUD/USD they are touting. stops above 0575. better not go much higher into the NY cut, i want my box to pay the horrible payout on my 3rd and final no touch.