Today’s piece is about stocks, seasonality, BOJ tactics, and the US dollar.
The China fix came in as expected last night, which probably signals 7.15 is fine for the PBoC.
Today’s piece is about FOMC and MCG’s dinner in Singapore.
Seasonality, corporate month end, ECB, FOMC, and the economic data all suggest EURUSD lower over the next two weeks.
This is a big week with three major central banks and a Politburo meeting.
VIX says 14 on the hood but there’s more than meets the eye when you look underneath.
Some excerpts from Hagakure: The Secret Wisdom of the Samurai – many of which apply to trading.
Talking about the USD and China and GBP and horsewomen.
A USD conspiracy theory, China GDP, CAD inflation, and US Retail Sales.
While it looks like USDJPY downside is done and it will probably consolidate 138/141 next week… The USD remains completely broken vs. EUR and GBP and CHF.
Today a deeper investigation why I have not had a great run of late. I hope you find some of the analysis useful for your own trading.
Plus long USDCAD.
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