I wanted to start this journal to keep track of ideas, and trades. I trade mainly through a macro perspective. I look at pretty much all the markets.
1) Credit
2) Equities
3) Bonds
4) Foreign Exchange
A few days into 2007, seems more like people booking profits from last year.
The main theme currently running through is that the markets seem to be readjusting themselves, to a possible delay in easing of Monetary Policy in the USA.
BOJ(Bank of Japan) is expected to raise rates this month. The Yen crosses GBP.JPY EUR.JPY USD.JPY succumbed to profit taking off their highs. Last few days they retraced, with a underlying dollar bullish theme.
The bond market seems, to be sliding a little, secondary to strong data that came out. NFP lows, blowing through that low, will paint a bearish picture for bonds.
ECB interest rate statement will come out 7:00 am EST USA tommorrow.
Oil continues its slide, breaking through 60-55 barrier. Russian equities getting slammed secondary lower oil revenue.
Industrial Metals upticking, secondary readjustment of market expectations/profit taking.
Equities, still range bound, the market hasn't been overtly bullish in its price action. Its been a slow methodical rise with extremely low volatility.
With democrats taking over, its in their interest to run the stock market into the ground to lock in the Presidency. Any stock market loss will be blamed on the President. Thus as the year progresses, investigations launched into Oil Companies activities, Pharmaceutical Sector or other market related positions is the risk.
Ultimately though, the price action is the most important thing in any market. No matter what the rationale is behind the trade.
Chris
1) Credit
2) Equities
3) Bonds
4) Foreign Exchange
A few days into 2007, seems more like people booking profits from last year.
The main theme currently running through is that the markets seem to be readjusting themselves, to a possible delay in easing of Monetary Policy in the USA.
BOJ(Bank of Japan) is expected to raise rates this month. The Yen crosses GBP.JPY EUR.JPY USD.JPY succumbed to profit taking off their highs. Last few days they retraced, with a underlying dollar bullish theme.
The bond market seems, to be sliding a little, secondary to strong data that came out. NFP lows, blowing through that low, will paint a bearish picture for bonds.
ECB interest rate statement will come out 7:00 am EST USA tommorrow.
Oil continues its slide, breaking through 60-55 barrier. Russian equities getting slammed secondary lower oil revenue.
Industrial Metals upticking, secondary readjustment of market expectations/profit taking.
Equities, still range bound, the market hasn't been overtly bullish in its price action. Its been a slow methodical rise with extremely low volatility.
With democrats taking over, its in their interest to run the stock market into the ground to lock in the Presidency. Any stock market loss will be blamed on the President. Thus as the year progresses, investigations launched into Oil Companies activities, Pharmaceutical Sector or other market related positions is the risk.
Ultimately though, the price action is the most important thing in any market. No matter what the rationale is behind the trade.
Chris