World economy talk

[tidus1203]

Talking down the Yen... But the long term trend is still intact... And that trend is DOWN for the USD and UP for the JPY...

[uls]

market was betting on intervention

looks like the market expected too much

BoJ report out

JPY strengthens

[tidus1203]

Hahaha interventions no longer work especially kung unilateral lang... The market is now bigger than ever before, bigger than any central bank can interfere with...

[safeorigin]

since when did keynes work? ^^

[tidus1203]

Used to work after the post World War II era hehehe... We need a new economic model, they still teach Keynesian economics in schools...

[safeorigin]

go back to the fundamentals? that's why we see Gold Dinars comin ^^

[uls]

EUR/CHF

[tidus1203]

I say its nothing... Just re-shuffling back and forth, back and forth. Tignan mo next week all those gains will be erased and then some! By the way for the whole trading week we are still in the RED despite yesterday's rally...

Sabi ko na ba sa inyo eh! First day pa lang binawian na!

[uls]

it's coz of the JPY

AUD/JPY (risk on/risk off)



friday, AUD rallied, so did stocks

Monday, BoJ meeting, no intervention, JPY strengthens, stocks fall

remember yesterday morning before the BoJ report came out, the JPY was falling, the Nikkei rallied

then after the report came out, JPY strengthened, Nikkei fell

everything is correlated to FX

stocks, bonds, commodities... they're all looking at FX

[uls]

the ES is still above 1040

[safeorigin]

[ame="http://www.youtube.com/watch?v=6nQ1QO0b5Kc"]YouTube- Keiser Report №73: Markets! Finance! Scandal![/ame]
hmmm... some updates about BP oil spill on the 2nd half of the show

[uls]

gold goes vertical

[uls]

AUD/JPY


ES


like i said, stocks follow FX

[safeorigin]

Go 2000 already!

[tidus1203]

CHF is in an all time high against the EUR. The SNB is not gonna like this, they already lost a lot of money trying to intervene in the EUR/CHF pair...

And here is also why interventions are meaningless...

Trade on global currency markets has jumped by a fifth over the past three years to $4 trillion a day, roughly equal to the annual economic output of Germany, a major central bank survey showed on Wednesday.

http://www.cnbc.com/id/38946478

As the article said, Germany's economic output in a year, the FX markets trade in a day.

[leonleon]

and investors keep piling into treasuries coz the Fed is there supporting prices

something just isnt right about all this

this can't go on forever

this can end badly

Question is: When?

[safeorigin]

soon™

[tidus1203]

AUD is flying across the board after Australia reported a higher than expected quarterly GDP growth of 1.2%... Easily fueled by China's demand for its commodities...

[uls]

risk on dude

AUD/JPY

ES

10 yr note

30 yr bond

[uls]

NYMEX crude