Global Macro Trading Journal

I visited Switserland for a few days this summer. Things were so expensive like you wouldnt believe it.

25 USD for the simplest pizza with only cheese at the airport cafeteria...


I felt the move sucked obviously cause I own the CFH but clearly they had to do something.

 

Vince Reinhardt to lead Greenlaw on MS
http://www.zerohedge.com/news/forme...ury-puts-joins-morgan-stanley-chief-us-econom

Now the MS interest rate research will be worth the paper its printed on. The dude was forecasting rate hikes for Sep 2010 if I remember

 

Is that a slice or a whole pie?

 

A pie...

Taking the bus was 4 USD....

 

Stocks tanking on the Moody's downgrade of French banks. Curious, given that the move was completely telegraphed days ago. May end up being a whole lot of nothing by this afternoon, but then again, stocks cratered after the S&P downgrade of the U.S. even though everyone knew that was coming as well.

AUD trading with a $1.01 handle.

 

eurchf steadily up today :eek:

Do you expect a massive buying from the SNB when getting too dangerously close to 1.20 ?

It's 1.2025 now

 

They're parked on the bid at 20 and 06...

 

Thanks, but did you guess the numbers or have more info about it ?

 

It's an educated guess, based on some indirect evidence... How 'bout 'em apples?

 

It seems to me that at these levels buying EURCHF is a low risk way to bet on 'risk on'. Certainly better than the stock market