morning all...
and have a nice week, likely another roller coaster-like with the bunch of data to come out
and have a nice week, likely another roller coaster-like with the bunch of data to come out
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
Dislikedmorning all...
and have a nice week, likely another roller coaster-like with the bunch of data to come outIgnored
DislikedMorning mate!
Yep, gonna be another interesting week to say the least.
That cane of your's may come in handy.Ignored
DislikedJPY repatriation has begun
The end of March is the close of the Japanese financial year and the weeks leading up to it typically sees significant amounts of JPY-repatriation, which usually translates into sustained JPY-buying. Japanese asset managers typically liquidate large amounts of existing positions and turn the proceeds into JPY for balance sheet window-dressing and year-end results. The recent failure of USD/JPY in the mid-108 area suggests just such a development at work this past week. I continue to look for strength in the JPY-crosses to be limited by such repatriation selling interest, with the bulk of JPY-buying likely to be completed before the third week of March.
Japanese banks will disclose subprime losses at the end of february/march and there is apparently 250 Billion in sub-prime losses yet to be disclosed. If the Japanese banks took most of these losses ... then god help the carry tradesIgnored
– USA TODAY
DislikedSo what you're implying is the USD/JPY pair will continue to fall? to maybe as low as 100?Ignored
DislikedDow futures are down, oh and I just wanna say:
http://images.cafepress.com/image/22386797_400x400.jpgIgnored
DislikedWith their beedy little eyes and their flappy little heads, Blame Canada, Blame Canada
Yeah I'm shorting it too.Ignored
Disliked@BWR South Park's hilarious. I'm not a huge fan but I do watch it from time to time. The episode with the one guy on Wheel of Fortune and the word was NaggersIgnored
DislikedA few years ago my roomate had a really big bong and loved south park and cypress hill. Sometimes I would join him in his "hobbies"Ignored
DislikedSeems those two go together like peanutbutter and jelly. BTW risk aversion rumours are back thanks Goldman!!Ignored