Global Macro Trading Journal

[ralph00]

Just shorted some T-bond futures in the wake of the debt deal announcement.

The amount of spending cuts agreed to is little more than a rounding error - less than $2T over 10 years, with a super-committee (would make me laugh if i wasn't crying) to decide on more cuts w/automatic triggers (yeah, right) if Congress doesn't take action.

My first take is that this is not austerity, or anything near it.

Gonna sleep on it and see how I feel in the morning.

 

[ralph00]

Covered the short for a big 5/32 profit. Bonds should be sharply lower on the debt deal news and they're not. Tells me it's time to step aside.

I notice Spanish and Italian shares have given up their gains and are now red on the day, despite a melt-up in equities elsewhere.

 

[Martinghoul]

Yep, the peripheral trainwreck continues... BTP-Bund now wider on the day.

 

[m22au]

For those playing along at home without a Bloomberg terminal, the following chart:

http://www.bloomberg.com/apps/quote?ticker=.IT10:IND

is very useful. The Germany-Italy 10 year spread.

Interesting to see that $MIB and $IBEX are down (and $CAC is up) despite Italian and Spanish yields down a bit.

And wow at USD/CHF down to 0.7825

 

[ralph00]

Dollar/yen back to a 76 handle. :eek:

 

[Daal]

Quote from m22au:

For those playing along at home without a Bloomberg terminal, the following chart:

http://www.bloomberg.com/apps/quote?ticker=.IT10:IND

is very useful. The Germany-Italy 10 year spread.

Interesting to see that $MIB and $IBEX are down (and $CAC is up) despite Italian and Spanish yields down a bit.

And wow at USD/CHF down to 0.7825

Yeah, I run my poor man bloomberg terminal every day
-IB data quotes and data feed
-Oanda news streaming(Dow Jones feed plus UBS and 4Cast; A bit delayed but important data comes usually in less than 30 sec after it happens)
-Bloomberg site data and bigcharts

 

[AC3]

$/CHF was almost up a big fig in Asia and has rolled over completely .... Not great

 

[m22au]

Quote from Daal:

Yeah, I run my poor man bloomberg terminal every day
-IB data quotes and data feed
-Oanda news streaming(Dow Jones feed plus UBS and 4Cast; A bit delayed but important data comes usually in less than 30 sec after it happens)
-Bloomberg site data and bigcharts

I also have a poor man's Bloomberg terminal, but Twitter subscriptions to some news sources and commentary sources are a great tool to add to one's arsenal.

Do you have a link to the Oanda news streaming feed?

Or do you need to be a client to get access to this?

 

[ralph00]

Twitter (assuming you have the right 'follows') replaces all of that.

 

[AC3]

Quote from m22au:

I also have a poor man's Bloomberg terminal, but Twitter subscriptions to some news sources and commentary sources are a great tool to add to one's arsenal.

Do you have a link to the Oanda news streaming feed?

Or do you need to be a client to get access to this?

Use Twitter for info myself ... What feeds do you use ... always looking for better news sources