tag:blogger.com,1999:blog-34323687.post8155005719315802792..comments2024-03-29T12:26:35.581+00:00Comments on Macro Man: AUDJPY, burn up on re-entryMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-34323687.post-29843310787875303392011-04-06T07:59:02.687+01:002011-04-06T07:59:02.687+01:00At 88.50 this looks like a badly timed call... are...At 88.50 this looks like a badly timed call... are you looking to short more AUD at these levels?Entrenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-60680363152608677952011-04-05T07:57:07.936+01:002011-04-05T07:57:07.936+01:00Those Yen'x maybe entering a short term hostag...Those Yen'x maybe entering a short term hostage situation , relative to the majors.....perish the thought.FXnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21527130529849241712011-04-05T07:46:43.553+01:002011-04-05T07:46:43.553+01:00Definitely a policy mistake if there ever was one ...Definitely a policy mistake if there ever was one and it could ignite a new bout of Eurozone woes. <br /><br />In any case, Portugal is a non-event as I see it and surely headed for receivership. No, the big issue is Spain and how much it will cost the Euro group to bring her back on the right track. <br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3627778570133505852011-04-04T23:13:20.673+01:002011-04-04T23:13:20.673+01:00I agree, AUD looks like its priced to perfection. ...I agree, AUD looks like its priced to perfection. However dollar rally will be capped untill the budget problems are settled. <br /><br />GOP threats of government shutdown is a danger on the horizon. However CFTC data shows that dollar shorts has been cut down a notch last week.Intrinsichttp://theintrinsicvalue.comnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63355161376578753922011-04-04T22:00:42.023+01:002011-04-04T22:00:42.023+01:00Maybe so. Surely it is yet another ECB policy mist...Maybe so. Surely it is yet another ECB policy mistake? Why not let high prices be the cure for high prices? But, no, central bankers cannot resist the temptation to play God. <br /><br />The ailing peripherals are not going to enjoy this, eh, Claus? Although, if there is no longer credit extended, how can there be a crunch?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88839491408562805842011-04-04T21:24:19.280+01:002011-04-04T21:24:19.280+01:00Right LB, but that is wishful thinking I suspect. ...Right LB, but that is wishful thinking I suspect. It is basically pre-announced and with the latest inflation print ... <br /><br />But yes, it would be beautiful short squeeze :)CVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89785181827273296222011-04-04T21:03:39.486+01:002011-04-04T21:03:39.486+01:00What if there is no ECB rate hike on Thursday afte...What if there is no ECB rate hike on Thursday after all? Big dollar rally waiting in the wings?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66932868926567478962011-04-04T19:33:38.147+01:002011-04-04T19:33:38.147+01:00That's almost poetic, who wants to own Gold wh...That's almost poetic, who wants to own Gold when you can roll your dice on something called Chimera Investment Corp. which is a buyer of RMBS...<br /><br />Buy on rumour, sell on news of the ECB rate hikes Thursday. Ongoing troubles with the Cajas seem to indicate a growing problem beyond the Iberian Green Line.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-28238643825023169422011-04-04T19:30:19.966+01:002011-04-04T19:30:19.966+01:00A quiet day, so here are some thoughts on inequali...A quiet day, so here are some thoughts on inequality. Inequality has been enhanced and exaggerated by the Fed's programs, before, during and after the crisis. The Bananamerican economic recovery continues to percolate, but only for 1%.<br /><br />Apologies in advance to those who don't like to think about the other 99%, and to those who prefer not to think at all.....<br /><br /><a href="http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105?currentPage=all" rel="nofollow"> Stiglitz on the 1% </a>leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85401998689222821382011-04-04T17:36:57.959+01:002011-04-04T17:36:57.959+01:00A look ahead to US data...
April 11 - Alcoa earni...A look ahead to US data...<br /><br />April 11 - Alcoa earnings<br />April 13 - 10y auction<br />April 14 - PPI<br />April 14 - 30y auction<br />April 15 - CPI<br /><br />To me this lot has BEAR WEEK written all over it.<br />Not this week, plain sailing....<br /><br />Is this the quarter that Alcoa dumps the market? Or do we get through that into the nasty numbers later next week?Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-32213671568269034502011-04-04T17:19:46.622+01:002011-04-04T17:19:46.622+01:00The Aussie is looking mighty vulnerable at these l...The Aussie is looking mighty vulnerable at these levels with global commodities taking a breather, but then again, copper is still above 4 USD/lb so arguably it could also just be setting up a melt-up to 5ish. <br /><br />I hear global equity strategist talking about a re-rotation into EM (India saw a nice net bid from foreign investors in May according to my analysis) so it might not be over just yet. <br /><br />Also, I agree on the USD/JPY ... I am not buying that rally just yet!<br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-58315386171891510852011-04-04T17:04:42.271+01:002011-04-04T17:04:42.271+01:00Cheers, TMM. Blood has just now re-entered my alco...Cheers, TMM. Blood has just now re-entered my alcohol stream. Ha, LB thought the post said "bum up" not "burn up". Still getting my sea legs here, third continent in five days.<br /><br />Agree 100% on the likelihood of a retracement for AUDJPY and especially USDJPY. Low 80s would definitely be Cold Steel for enthusiastic yen shorts. <br /><br />Goldie downgraded Q1 US GDP today, their bond desk must have been underwater after the last Tsy auction. Anyway they ran my stops, so thank you, VERY BLOODY MUCH.... <br /><br />We don't talk individual equities here that often, but CIM is on sale today after going ex-div last week, so especially if you do NOT believe that the long end will breach a 5% 30y any time soon, like this decade... and if you fancy that 17% yield.... nah, who wants that when you can own gold, <br /><br />......I LOVE GOLD, MISTER BOND......<br /><br />* We own CIM and have recently refilled our boots therewith.Leftbacknoreply@blogger.com