Anyone else's trigger finger hurting? :eek: Anyone know if if uncle Alan is done and who is next? ....I miss having Bloomberg Pro. A guy on Bloomberg TV is talking about the banker conference in the past tense...Is it over?
I've made about +10 on each USD/JPY swing. I think I'm going to call it a day unless I see another swing. I'm staying out of USD/EUR for right now; I'm not getting the warm fuzzy from it today.
China Central banker: Prepared to talk on FX rates at G20. 11:54AM China Central banker: monetary policy separate from FX. From Dow Jones newswire I think this is going to keep me out of the market this weekend. I was thinking of carrying a small long Eur/USD position looking for a gap open. Oh well. Cheers, TRADERguy
I finally got those 100 ticks out of the USDJPY, but had to hit myself on the head for not leaving the position open before I went for a nap. When I got up and saw it had broken below 104 again - even 103.80 - I thought I might not get much out of it today, but on back on the concerted moves with EURUSD going above 1.2985 further USD weakness seemed imminent. So after getting the first 30 on the position and then almost double that on the next position I managed to get the rest on scalping. Right now I'm dead tired, as scalping the USDJPY is a little scarier than the EURUSD and taxes the mind a lot. It's probably the little sleep I got too. I guess it goes to show that there's no sleeping when wanting to "pause" a position - even if it only is for a 150 minutes nap. It seems like the USDJPY has some good potential still for downward movement, but markets must beware a little of the recent Won and Yen appreciation which might provoke strong reversals in the short term, especially if "everyone gets in" in shorting USD against those currencies. The strong move on EURUSD was a little more surprising at first, but with Greenspan murkying the future of the USD and the popular deficits subject, it was only fair. A strong move on EURJPY too, which at least was a little more expected by me - with the USDJPY move. The nest thing I have now is a position from high 1.3050s for a renewed downward move next week. I think most of the news are divulged with the cat out of the bag with Greenspan. From here - mostly comments to follow up - and of course market reactions to those, I expect - sending the EURUSD downwards. (edit: I am looking for 80-100 ticks on that position) The EURJPY move clearly shows that the energy is deflating with regards to EURUSD on USD weakness. It's time for the ⬠to move. I wish I could trade EURJPY directly - it seems it's possible by taking a combined EURUSD and USDJPY trade, though. I haven't done this yet, anyone tried this ? (I'm referring to futures here, CME has a RY EURJPY symbol - but I didn't figure out what it is exactly - see E-quivalents) Well, time to jump back into the coffin - to rise from the "dead" sometime on saturday, I hope. Just got to plug those ears from the barking dogs from neighbours - I've already ordered the $80 "Unique Super Bark Stop" with multi-level bark sensor. Just have to get it through customs and the usual 60% tax on imported goods (on freight costs as well). edit: seems like Thomson sees some similar opinions on ⬠vs USDJPY etc. in the markets and see volumes drifting lower on concerns over stalling.
I should call it a week but I'm going short to get me a even number net for the week, hope I don't regret this lol.
Good job on USDJPY! I'll go into my coffin little bit later today All I want to do this weekend is to sleep!