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Plofkip commented Apr 23, 2013Napolitano is 87. Honestly, if I make it to 87 there will be nothing which would convince me to place the national interest above my own desire to retire. Nothing whatever.
Irate Italian president begins talks on new coalition
- Plofkip commented Apr 23, 2013
Inflation forecast as propaganda tool. Inflation is ALL about expectations. Next step: forecasts of the forecasts manipulated for policy purposes (or are we already there?).
BOJ Seen Deploying Price Forecasts as Tool in Ending Deflation
- Plofkip replied Apr 22, 2013
Got it. Thx. (I'm not sure everyone writing about it in the media understands it that clearly. Glad I asked.) PK
USD/JPY Discussion
- Plofkip replied Apr 22, 2013
Thx. I can imagine that a significant proportion of USD/JPY barrier options would trigger at 100 (it's an obvious barrier to specify), but is the point that this would result in a wall of selling when 100 was reached or would it impact the market ...
USD/JPY Discussion
- Plofkip replied Apr 22, 2013
I read media articles to the effect that barrier options play a role in the behaviour of the USD/JPY around the 100 level. I've been doing some reading around this topic, but I'm not getting to the bottom of it. Can anyone explain this in a few ...
USD/JPY Discussion
- Plofkip replied Apr 22, 2013
Yes, I should perhaps have specified that I am not necessarily betting that it will happen today. I am betting that it will now break through 100 before it drops below 97 again. And as an exercise in spurious post-rationalisation, I might add that ...
USD/JPY Discussion
- Plofkip commented Apr 22, 2013
I thought he had refused to take on another term as president. He must have had pretty firm commitments on the shape of a new government to change his mind.
Investors cheer Italy after president elected
- Plofkip replied Apr 19, 2013
OK. I'm not going to post anything ... cos I don't want to disturb the breakout. :-) Yes, it's quiet round here, but that doesn't mean nobody's reading.
EUR/CHF
- Plofkip commented Apr 17, 2013
A lot of detail of the Italian government-forming (and president-choosing) process, but it's all about the opening paragraph and the last line:
Italy could do with market pressure
- Plofkip commented Apr 17, 2013
Nice one. FXBriefs - round yer ankles.
Talk of a German downgrade doing the rounds
- Plofkip commented Apr 17, 2013
Interesting article. I lean towards the belief that naked SCDSs are "not a good thing" (I like the analogy of taking out fire insurance on a house you don't own), but I suspect that the market will develop a work-round. Banning stuff is seldom ...
"Naked" CDS ban and euro zone calm
- Plofkip commented Apr 15, 2013
This is a misleading headline. The comment about not wanting to help failing banks is not at all the main thrust of Draghi's speech, nor is it the hidden message between the lines. fxbriefs.com just banged something out quickly to catch eyeballs. ...
Draghi: ECB doesn’t want to help banks that are failing
- Plofkip replied Apr 15, 2013
Maybe. Certainly it would be surprising to see another march on the 100 line this week. My guess is that Kuroda won't be talking the JPY down until he's home from the G20 meetings in Washington this Thu/Fri, because that would be very (currency) ...
USD/JPY Discussion
- Plofkip replied Apr 13, 2013
Interesting Reuters story on currency diplomacy. US growls quietly at Japan, turns a blind eye to China. url China has grown rich playing another game. Japan may hear a quiet growl from Washington. China could not give a flying f__k what the US ...
USD/JPY Discussion