USD/JPY Daily: BOJ Today…
A lot of interesting and unusual price action in USD/JPY of late, i.e. the correlation between the yen and stocks and yen and yield spread has changed recently. What could it mean?
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A lot of interesting and unusual price action in USD/JPY of late, i.e. the correlation between the yen and stocks and yen and yield spread has changed recently. What could it mean?
Read MoreThe commodity wave charts we tack suggest what we may already know, commodities seem poised for a bounce.
Read MoreAs you know, printed above, the China’s transition to a more balanced economy has been one our major macro themes, as laid out in our 2016 Macro review.
Read MoreThe dollar was sharply higher against the pack today (with CAD being the notable exception). Why? The big relative move in yield.
Read MoreI appreciate Ludwig von Mises more than most and have for decades. So the yearning for free markets is high on my list. But the reality is we live in a world of controlled and quasi-free markets.
Read MoreThe currency acted well today on news the Bank of Canada is to leave rates unchanged and adding the economy isn’t doing that badly.
Read MoreThe odds we are entering a nasty bear market in stocks have grown dramatically—price action as we saw yesterday is an example of the difference between bull and bear markets.
Read MoreDollar continues to trade in the middle of the pack today. It seems stuck between JPY and EUR on one end; and commodity currencies and GBP on the other…
Read MoreOne of the reasons I have focused on commodity currencies in this macro section is my expectation/guess, based on a symmetrical Elliott Wave setup for the oil market. Check it out!
Read MoreClinging to beliefs is a common trader’s malady which often leads to a trigger never pulled, aka “paralysis of analysis.” How can we overcome this and focus on probabilities?
Read MoreThought is action in rehearsal.Sigmund Freud