Global Macro Trading Journal

[fxintruder]

This is foex oriented:
I do think the OMT will attenuate the asymmetry between core and periph. states, it won't help corporates asymmetry in credit yields tho.
Only a weaker Euro can. I am waiting for the post-Draghi range to establish its upper boundary to fade from. On the other hand EurChf as the symbol of the tail risk can be a nice bid since the EZ collapse seems more and more unlikely, reversing the flows and helped with inflation knocking at the door. Plus SNB providing the stop.

 

[Daal]

I expect the market will test Draghi commitment severely at the first sign of trouble. I doubt he will go SNB on bond yields, I just don't think thats something the ECB would do without stocks getting decimated and the world being on the verge of another lehman in a matter of days

Things are going too well lately, they won't do shit

 

[Martinghoul]

Well, Draghi has certainly helped things get going in the market. There was a pretty impressive deluge of corporate bond issuance in EUR today, which could be a sign of or a precursor to genuine economic activity.

 

[Ghost of Cutten]

Quote from jj90:


Marting and GOC, since you guys are in the UK, what is the actual situation in the streets like? Are the real #'s in line with data that's being released or it is better/worse?

London is doing good, south-east doing ok, the provinces are getting hammered.

 

[Daal]

If FB breaks $20 the bottom is probably in. Might take a shot there

 

[Daal]

Trying a swing on FB here. $20.72 stop at $19.45

 

[Daal]

MY FB target is mid $20's possibly high $20's ala JCP

 

[ralph00]

Gonna make $10K today trading this FOMC announcement. Don't know how and I have no positions of note going in. I just feel I have this thing knocked no matter what they say at 12:30.

Favored vehicles will be the long bond and the euro.

 

[Daal]

The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.

Gold loving this

 

[Daal]

Now QE is there util it gets voted down, hawks will have to build up support to get their way instead of the doves having to build up support to get another program

It might take quite a bit of high inflation until QE is ended