Trade weighted EUR is far from overvalued. Barely a few % above the Mean since introduction. Can only consider over/under valued at the Standard deviations. But, this won't stop some finance/trade ministers and certain ECB member "trying" to talk ...

EURUSD

Yes, They use a multitude of yield spreads across the short end of the curve, both in IRS and cash bonds. It is then weighted in a linear fashion, need to bear in mind the number for the fair value isn't applicable to the EURUSD but merely as an ...

EURUSD

EURUSD diverging strongly from Citi's short term fair value model. Combined with the EURUSD TA, look like a naked short for me.

EURUSD

the SHIBOR website has it - url

EURUSD

Maybe when it was at 1.16 he didn't think it would rise to 1.5 or 1.7 etc. What you think he bought ahead of telling his clients so that he could get a little more profit? ahh, you've got to remember now, he doesn't actually trade...

EURUSD

not overall ( in terms of the Dow or SPX) - too much liquidity. In terms of individual names, low, medium cap companies its entirely possible if a bank wants a large position in a company, but then again an equity trader doesn't hold positions other ...

EURUSD

almost one year ago exactly url Can't find the actual report from Goldman, I have it somewhere but CBA to search for it as this will do.

EURUSD

Well he is not a very good trader, In case you don't know who he is, he is Head of FX research at Goldman Sachs, and in fact he isn't even a trader. Goldman in London have about 200 people related to FX markets of which there are about 10 traders. ...

EURUSD

umm, this doesn't even make sense? how do derivatives make a bank an evil place? I bet when you trade FX you are being routed via derivatives. In fact I would be almost 100% this is the case.

EURUSD

Whats with the hate for goldman? Do you have proof that they bet against their recommendations? I'm sure you're thinking of the famous Thomas Stolper who is pretty bad, but people forget his "trade of the century" where he recommended buying EURAUD ...

EURUSD

EXACTLY! Banks don't move the markets, they just facilitate trades for funds etc. I've had plenty of experience across FX dealing desks in banks to know this is the case. I still don't understand why people think they manipulate the market or put ...

EURUSD

The most commonly used is GMT, everything revolves around GMT. In terms of official closes for day open/closes you have the 4PM GMT Reuters/WM Fix which is critical for FX derivatives and cross ccy contracts. For charting the 5PM NY time end is seen ...

Cable Update (GBPUSD)

why are people so bloody sceptical of banks? they're not out there to hurt us ffs, where did this notion come from? Is it so weird to accept that a Bank could in fact have been wrong, not just trying to manipulate us?

EURUSD

well at its very basic it links back to this picture as to why growth is good for a CCY. Hence a weak Employment report, indicative of weak demand in the economy, therefore flight to safety short term and US yields fell (10's trade 251bps) Because ...

USD/JPY Discussion

How does it not justify the selling of the USD? its pretty obvious no?

USD/JPY Discussion

What do you mean? of course its published over the internet, how do you think I got it?

EURUSD

I don't think you can really read into it, they don't know the NFP print when they put these forward, they can very easily be wrong. Lets be honest, they're just guessing with a bit of a bias. Surprises always occur.

EURUSD

In fairness to Citi, no major players were that accurate, most got surprised by the number

EURUSD

A nice look at the EURUSD (purple) vs the 12x15 forward LIBOR rate spread (EU-US) over the past year. Bit of a divergence occurring at the moment, the EUR not following fundamentals at the moment.

EURUSD

don't think so, but you could try the EUREX website maybe

EURUSD