Monthly Archives: July 2010

Here we go again

Risk assets plunged today, with Nikkei futures seeing a 250 point drop Thursday overnight, as the Yen was bid heavily across all pairs, with funds flocked to safe haven and carry trades reversing course. Several commodity FX yen crosses are … Continue reading

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Summer stagnation

The S&P has rallied almost 9% in seven session off the lows seen on the first day of this month. Volume has lagged, however, and as we come to test the 50DMA & 200DMA, downside risks are back into play. … Continue reading

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Wednesday update

Quick update, will probably be back here later tonight. China econ data being released in 10mins (10pm EST)… should be significant for risk FX crosses, particularly those dependent on Chinese growth (AUD/USD I’m looking at you). Retail sales came marginally … Continue reading

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World Cup Final Perfect Microcosm of World of Finance

Submitted by Qasim Khan Soccer is a beautiful game; unfortunately, World Cup finals usually are not (today’s in particular) and for an obvious reason: the stakes are just too high. de Jong’s first half karate kick was so egregiously perverse … Continue reading

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