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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FX buzz today is on the EURCHF SNB peg @1.20. EURCHF has tested 1.2050 today... Nice charts by ActionForex - http://www.actionforex.c...-outlook-20141104228374/$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Why The Yen Run Will End in Tears$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Quote:'..the currency market’s reaction to even a hint that the BoJ is losing support for its expansiveness could be huge. While the door is open for the USDJPY to reach 124 and perhaps 135 within the next 12 months, the reaction to the other side could be violent.
JPY monthly charts
As a reminder, here’s what happened on the USDJPY in 1998. The pair dropped over 20 big figures in a matter of days Indeed, reminds me of 2010/2011 when BOJ was hopelessly fighting off the yen bulls. As a matter of fact the yen long term trend is bullish and we are currently on a pullback, that can floor anywhere between current levels and 125. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:Quote:'..the currency market’s reaction to even a hint that the BoJ is losing support for its expansiveness could be huge. While the door is open for the USDJPY to reach 124 and perhaps 135 within the next 12 months, the reaction to the other side could be violent.
JPY monthly charts
As a reminder, here’s what happened on the USDJPY in 1998. The pair dropped over 20 big figures in a matter of days Indeed, reminds me of 2010/2011 when BOJ was hopelessly fighting off the yen bulls. As a matter of fact the yen long term trend is bullish and we are currently on a pullback, that can floor anywhere between current levels and 125. Was just a matter of time before S.Korea or China reacted to BoJ's yen slaughter fest. S.Korea now to track yen madness in order to make won competitive (devalue) since their manufacturers/exporters have been seeing red with a cheap yen. And with that permission to short won vs $ is now a given trade just like the yen. Now waiting to see chingland's move on their yuan as their manufacturers/exporters face cheap wons and yens.
Did BoJ just ignite a currency war in asia? Btw $yen has moved 7 big figures in 7 days!! Madness! The 116 handle is likely to print today!
http://www.sharenet.co.z...6e95b8a6c9a4b3ce8b70642
Meanwhile €/CHF SNB peg is hanging on a shoestring with 22 days left before the gold referendum.
CBs have been a busy lot since 2013 in the markets that it seems unbelievable that Fed has stopped QE. With ECB facing EU CBs disarray that puts the euro on a bad footing. Euroland deflation calls for a cheaper euro. Wil they pull that move?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:
On GU, the sell off is far from over. I'm still eyeing the 1.588 bounce last month. If we take this out, we can expect a fall to the 1.54 levels.
We are now below this low, the train continues with its journey south. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Rollercoaster gu. I have been short gu since last week and the ride is anything but smooth. Anyways still targeting 1.57. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Fully focussed on €/CHF peg at 1.20 as the Swiss referendum dday approaches. The fireworks will be fantastic... Get ready for those CHF crosses trades. My USDCHF target is 1.10. Crazy! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Fully focussed on €/CHF peg at 1.20 as the Swiss referendum dday approaches. The fireworks will be fantastic... Get ready for those CHF crosses trades.
My USDCHF target is 1.10. Crazy! 1,500 pips. This is enticing I will put this in my radar. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Banks fined £2.7bn after currency rigging investigationConfessions continue. When things get hot in future, fines won't work. Public arrests will be the order of day as the financial world experiences a sterilization baptism... @ceinz - from this article now you see the GBP picture. BoE head of fx... Clear as daylight! Handcuff this bastard. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Banks fined £2.7bn after currency rigging investigationConfessions continue. When things get hot in future, fines won't work. Public arrests will be the order of day as the financial world experiences a sterilization baptism... @ceinz - from this article now you see the GBP picture. BoE head of fx... Clear as daylight! Handcuff this bastard. Yes, I see. I Still recall ur previous post on the bank exec who's been short gu for quite some months now. The markets will always be manipulated, what matters is what you can pull out for yourself. The Libor Scandal. This. Then another one, the story continues. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Rollercoaster gu. I have been short gu since last week and the ride is anything but smooth. Anyways still targeting 1.57. Target hit. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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I will be looking for short opportunities in gu, 1 lot, from current level 1.567 & 1.575. in the course of the week. Target: 1.54 “small step for man”
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Is SNB ready to defend the EURCHF 1.2000 floor? We're just 10 pips away. Last time it was this low was mid-2012. Trading the intervention looks tempting....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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How to rig the marketQuote:Institutions find it useful to take a snapshot of how much is being bought and sold. This happens every day in the 30 seconds before and after 16:00 in London and the result is known as the 4pm fix, or just the fix.
The fix is very important, as it is the peg on which many other financial markets depend.
So how do you make currency prices change in the way you want? Images courtesy of BBC. During the fix aka "banging" the close  Before an event aka trading the news  The confessions are getting daring day by day. Something is about to snap!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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tonicasert wrote:Is SNB ready to defend the EURCHF 1.2000 floor? We're just 10 pips away. Last time it was this low was mid-2012. Trading the intervention looks tempting.... Waiting for it too. That referendum is going to make loads of cash! Just like the Scottish referendum. That is the hint... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:I will be looking for short opportunities in gu, 1 lot, from current level 1.567 & 1.575. in the course of the week.
Target: 1.54 Short .2 lot at 1.565 “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Ceinz wrote:I will be looking for short opportunities in gu, 1 lot, from current level 1.567 & 1.575. in the course of the week.
Target: 1.54 Short .2 lot at 1.565 added Short .2 lot at 1.5662 “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Ceinz wrote:Ceinz wrote:I will be looking for short opportunities in gu, 1 lot, from current level 1.567 & 1.575. in the course of the week.
Target: 1.54 Short .2 lot at 1.565 added Short .2 lot at 1.5662 added Short .2 lot at 1.5650 & .2 lot 1.5613 “small step for man”
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Rank: Member Joined: 3/23/2011 Posts: 304
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GS (or as @hisah likes to call them Le Squid) at it again with their 2015 Top Trades. Heres ZH take on things..... http://www.zerohedge.com...des-recommendations-2015You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Year end squid recos. Always look forward to them for the flight path not to take...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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