Global Macro Trading Journal

Merkel/Sarkozy pressor was a whole lot of nothing. Financial transactions tax, another layer of bureaucracy ... the usual stuff. Europe to get slammed on the open, maybe. We'll see if America shrugs it off.
 
Quote from ralph00:

Merkel/Sarkozy pressor was a whole lot of nothing. Financial transactions tax, another layer of bureaucracy ... the usual stuff. Europe to get slammed on the open, maybe. We'll see if America shrugs it off.
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The Merkel/Sarkozy gong show just keeps going 'round in circles. How many times have they "floated" a financial transaction tax idea now? Time for some new blood and some new ideas. I've got my trigger finger ready to short EUR/USD if this thing shows signs of finally breaking to the downside...
 
Mid 2013 Fed futures contracts offer some kind of return for those who bet on a no hike scenario. I'm not willing to buy them at these levels but they should offer a good trade setup at some point when econ data is strong and uber hawks start to claim hikes will be made anyway
 
Quote from Butterball:
Swiss 10y yield @ 0.99%. If you own one: maybe a good time to extend that St. Moritz chalet with a safe room and weapon's rack
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Or, given the SNB is on the bid for shorter dates at -1%, not... Might be worth waiting.

Three CHF panel banks submitted negative rates today (across different maturities).
 
TIPS finally breaking down and 10y-TIPS spread breaking down through recent resistance.

Looking to setup TIP short next week. Even if this were 'only' a replay of the deflation scare from 12 months ago the spread would've about 50 bps to go.
 
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