tag:blogger.com,1999:blog-34323687.post1462847870419172859..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Whistling DXYMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-34323687.post-24965661870418497282007-09-10T17:42:00.000+01:002007-09-10T17:42:00.000+01:00Hmm, I shouldn't make too many promises. One man'...Hmm, I shouldn't make too many promises. One man's Gisele is another man's, er, Rosanne Barr so to speak.<BR/><BR/>But I think it's pretty cool.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21167540920993403732007-09-10T17:23:00.000+01:002007-09-10T17:23:00.000+01:00macroman --given all the teasers about your sexy t...macroman --<BR/><BR/>given all the teasers about your sexy trade, I had better be a real Gisele Budchen, so to speak<BR/><BR/>bsetserAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80902661037903712532007-09-10T15:19:00.000+01:002007-09-10T15:19:00.000+01:00Banker, I have a rather sexy trade in the pipeline...Banker, I have a rather sexy trade in the pipeline which I will elaborate on when the timing is ripe, and I suppose that would be the trade!Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17031779838708184382007-09-10T14:54:00.000+01:002007-09-10T14:54:00.000+01:00btw, nice title. i almost want to go sing allman b...btw, nice title. i almost want to go sing allman brothers or lynyrd skynrd at karaoke (which indeed is available at the neighborhood joint)...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19636453996886681762007-09-10T14:50:00.000+01:002007-09-10T14:50:00.000+01:00Macro ManIf you were allowed ...one trade and one ...Macro Man<BR/><BR/>If you were allowed ...one trade and one trade only... What would it be ?Bankerhttps://www.blogger.com/profile/03215896316185279351noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-57727781217088306002007-09-10T14:44:00.000+01:002007-09-10T14:44:00.000+01:00i just wonder about the meaning of DXY, a trade-we...i just wonder about the meaning of DXY, a trade-weighted index whose weights are not really changed (and thus is just a dirty EUR/USD proxy as you say). can that much meaning be derived from it still, or event technical significance?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7185163119983740612007-09-10T13:00:00.000+01:002007-09-10T13:00:00.000+01:00I'd argue that the only bubble of dollar strength ...I'd argue that the only bubble of dollar strength is that perpetrated by the FX reserve managers- i.e FX reserve accumulation is itself a bubble. However, it's hard to see that popping any time soon.<BR/><BR/>Against non-pegged currencies, most of the private sector has run short dollar positions for a number of years now (Japanese retail being the obvious exception.) <BR/><BR/>The apocalyptic worldview (still a risk case, but one I seem to assign a higher probability to every day) is that those get much, much bigger.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63056318093140829032007-09-10T11:55:00.000+01:002007-09-10T11:55:00.000+01:00Isn't it more appropiate so see it as a dollar ste...Isn't it more appropiate so see it as a dollar stength bubble unwinding? Strikes me that a large normalisation is going on more than anything.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38973285884221276182007-09-10T11:30:00.000+01:002007-09-10T11:30:00.000+01:00No, via an extremely cheap foreign exchange value....No, via an extremely cheap foreign exchange value. Think EUR/USD 1.50-1.60, USD/JPY 90-95, USD/CAD below par, AUD/USD close to par, etc.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-24949551744400442092007-09-10T11:21:00.000+01:002007-09-10T11:21:00.000+01:00MM,Could you kindly elaborate on dollar weakness w...MM,<BR/>Could you kindly elaborate on dollar weakness would manifest itself as a bubble?<BR/><BR/>Is it through sharply higher commodities prices that you have in mind?<BR/><BR/>Ta.Anonymousnoreply@blogger.com