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Yen breaks 110

USD/JPY broke below 110 in yesterday's risk-off trading. Stocks fell but later recovered, gold soared, but the main driver remains 10-year UST yield, which closed below 2.30% for the first time since November. Oil continues to recover amid geopolitical uncertainty.
The pair extended its decline overnight. The pullbacks have been shallow so far. 110 is also 50.0% retracement of the Trump rally. A possible target is 1.0850 - 1.09 (Channel support, 200 DMA). Area around 110 should now act as a resi…
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Risk Aversion Full Scale

As per my expectations we had quite an interesting FX opening you can read more about what I had to say over the weekends here: Greece Saga Final Act
This is what an ideal risk aversion scenario looks like when the safe haven currencies are in high demand and currencies like JPY, CHF and the US Dollar are the ultimate beneficiary on this environment. The magnitude of the gaps we saw especially with the yen pairs where something that we never saw at least not in the recent history. But not only t…
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Preparing the week ahead


All that matters during the coming week will be the Fed's monetary policy and press conference as the markets will shift their focus towards the timing of the next rate hike cycle. Next Fed objective is to give the market signals that they want to gradually move away from zero percent interest rates policy towards monetary-policy normalization.
In this regard, most likely, Fed is going to remove the the word “patient” from the statement, which was inserted last December to replace the phrase …
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2014 - Sohn Investment Conference


Yesterday was the 19th annual Sohn Investment Conference where hundreds of investors are gathering at the most awaited HF conference of the year. The only reason I'm mentioning this is because one of the most successful hedge fund manager Paul Tudor Jones spoke there, and give his macro view on the markets.
This conference has been a great place for sharing some trading ideas and a great platform for sharing new trading ideas as well, and most often this ideas where market movers. You have …
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mag avatar
mag 6 May

Very importante the SOHN COONFERENCE, investment in pediatric cancer

Daytrader21 avatar

mag Thanks for the link, up until now I wasn't aware about the fact that the conference is more than just about capital markets

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Gold - Next Move

I've been quite busy and on tight schedule lately and I barely could have time to update my blog but I'm Back!
Since Gold has been keep pressing to the upside I just want to make an update to my previous remarks about gold which you can read here: Gold Outlook
Since the risk aversion kicked in with the Ukraine crisis not only that I've been watching very careful what gold is doing but I've been trading it very actively. Right now I think that gold has already started for a big upside leg that ca…
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Maria_r avatar
Maria_r 13 Mar.

wow))

Daytrader21 avatar

You don't have the right to say "WOW", only I can say WOW to your photos:))

DaytradeMillionaire avatar

I like your analysis especially since my TP is set almost exactly the first target ;)

Daytrader21 avatar

DaytradeMillionaire lets hope we can make some profits on this one:)

jezz avatar
jezz 23 Mar.

1390 and facepalm? :P

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Federal Reserve QE Effects on the Stock Market

Since the global financial crisis of 2007–2008 the FED has begin using new type of market policy like Quantitative Easing to try to stimulate economic growth. QE is the same as printing money. Interest rates where already at record-low levels, so in order too pump more money in the economy the central banks around the world where left with only one option to buy assets, usually government bonds, using money it has simply created out of thin air, that's basically what QE means. While the FED was …
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What To Expect From Ben Bernanke?

US Federal Reserve Chairman Ben Bernanke's semi-annual testimony on monetary policy before the Congress is one of the key market-moving events. Especially this time, it will be Bernanke’s last time in front of Congress before his term ends in 2014. Bernanke heads to Capitol Hill on Wednesday and Thursday, first going up to the House Financial Services Committee to deliver the semi-annual monetary policy report, and the next day heading to the Senate Banking Committee. Now, the markets have…
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Nadin5794 avatar
Nadin5794 16 July

this official repeatedly misled the markets, it is better to refrain from trade during his performance

mag avatar
mag 17 July

You're absolutely right. Send a confusing message.
My experience tells me that it is better to wait to rule and see the trend of the market.

annatimone avatar
annatimone 17 July

Absolutely! Bernanke is being diplomatic and playing “safe” with his comments. About two months ago he said that Federal Reserve will end bond buying program by Fall months or by the end of the year. On July 10th he said that bond buying program will not end until we have some positive economic data and interests rates will not go up automatically when unemployment comes down to 6.5% mark. Bernanke is a smart and experience man. I think he definitely knows what he is doing, which is creating volatility in the market to keep stock prices up…..and of course, protecting himself.

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Market Forecast for the Near Future.

Market Forecast for the Near Future. I think stock market shows signs of resiliency. I believe stock market will see a good interest from retail clients in the near future, because this is the only game in town. Bonds became very dangerous investment because of expected changes in Federal Reserve monetary policies. As long as we will not have very strong economic data coming out in the near future that would push interests rates over the top, the stock market will not sell off. Treasury …
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How do you think market is responding to the Federal

With the recent announcements from the Federal Reserve about ending monetary stimulus and considering mixed economic data, I think most would agree that the market is behaving very good taking profits and responding to a non-inflation environment. For example, gold considered a barometer for inflation and gold is continuing a downward trend trading for less than 1300 per ounce which was predictable. For commodities, China reduced the demand for copper and industrial metals. And after signals…
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jezz 28 June

USD is quite strong no matter what. Only EUR is showing some unsubstantiated strength. I guess 'hope' is the new fundamental. Fed's presence is necessary and will always be in order to push economy in the right or preferred ways. Every world's economy has its own logic and policy. While RBA is not interfering that much, BOJ does a lot. Fed looks in between these two.

nilsaedagar avatar

Super sharing))+1 Liked

mag avatar
mag 22 Sep.

That it will soon withdraw the stimulus, is subject to an increase in positive figures for a long time so this is the perfect argument. This thought before Wednesday 18 communication and I think that so behaved the FED.

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