It could also be the a combination of Chinese and Middle Eastern central banks and/or sovereign wealth funds diversifying away from the dollar at what they consider attractive levels. There were some reports of the Chinese buying AUDUSD last week on ...

Predatory and Parasitic Trading

You're welcome. I've been following his blog for about a year now and I can only say good things about it. I find his blog very useful due to the focus on the bond market. This is something that I've not seen elsewhere and I find it very useful - I ...

Reminiscences of A Forex Speculator

Federal Reserve and monetary easing I did some reading and as always, I found something interesting from Scott Grannis' blog. Below is an excerpt from on of his recent posts on the Fed. I have also added a chart from his blog below (expected ...

Reminiscences of A Forex Speculator

Hey Petra! Good to hear from you. Do you know that you have beat your own expectations? I ran some numbers based on your own projections from January. If you look at the spreadsheet you will see that even though you decreased the size of of your ...

Make or Break Year for Petra!

Since my previous post the SNB had decided to intervene, or at least that's what they say. There is talk out there of intervention in the forwards markets, but none of it comes from trustworthy sources (twitter feed is not a trustworthy source, nor ...

Reminiscences of A Forex Speculator

EUROPE The EU still hasn't managed to solve its debt issues and the SMP is still to small to have an impact. The emergency buying offered some relief of Monday and Tuesday, but the interest to offload bonds looks to be greater than the ECB's ...

Reminiscences of A Forex Speculator

Here's my take on the FOMC decision. Instead of increasing its Large Scale Asset Purchases (LSAP) as some market commentators were expecting, the Fed has decided to keep rates at zero for at least the next two years. Initial market reactions ...

Reminiscences of A Forex Speculator

Thanks. In fact they usually prepare the market for intervention several days in advance. Just look at the previous two interventions - before actually going through with it, they did a lot of verbal intervention. Some say verbal intervention is ...

Reminiscences of A Forex Speculator

Thanks.

Reminiscences of A Forex Speculator

What a volatile day that was, eh? I managed to make quite a bit of coin today (mainly due to longing CHF), but lost most of it after the FOMC announcement - I just got whipsawed all over the place and got my stops taken out numerous times. I was ...

Reminiscences of A Forex Speculator

Yeah, I read that too. It made headlines in Estonia as well. We're sitting just two notches below the US now and only three notches from AAA. In terms of borrowing costs it really doesn't matter at all because our government debt is less than 7% of ...

Reminiscences of A Forex Speculator

I've been following you guys with your smexy trades for a while. I haven't posted anything so far because all I got was 50 pip moves or such. Not anymore First trades failed. The third and fourth trade went exceedingly well (142 and 99 pips). I ...

Smexy Trades

Haven't been posting much recently. I've been fairly busy trading and doing stuff other than watching the ticker. I did enjoy reading xXTrizzleXx's analysis and I would offer mine as well if I weren't so busy (and tired). However, I don't want to ...

Reminiscences of A Forex Speculator

Hi Cheetah As promised, I had a look at your thread. It's still early days and just the first page but I get the feeling this is going to be a very interesting thread and I look forward to reading more from you. Thanks for posting the link on XX's ...

Predatory and Parasitic Trading

Bernanke has done a good job at letting the market know there will be no further asset purchases until inflation levels out and starts falling again. It is something he made sure to stress and all the major banks and analysts have taken that into ...

Reminiscences of A Forex Speculator

It would seem to be the case, yes. Perhaps this is because everyone is fed up with reading news pieces about the debt ceiling? I know I haven't read a single news story from start to finish for over a month because the people on Capitol Hill have ...

Reminiscences of A Forex Speculator

It had everything to do with the ISM report - it came in at around 50 (below 50 is recession territory). I was trading at the time and I remember the move very clearly. Here's a chart of EURJPY (which I was trading at the time). It was complete risk ...

Reminiscences of A Forex Speculator

I don't think they'll shut up. They were so far behind the curve during the mortgage boom and now they are trying to make up for it. Look at what they've done to European sovereign debt and you'll get the picture. I think they'll be pressuring ...

Reminiscences of A Forex Speculator

So...it looks like the S&P will not be downgrading the US after all. The 4 trillion quote was supposedly taken out of context, at least that's what the head of S&P said when sitting in front of a Congressional committee (like a schoolboy in the ...

Reminiscences of A Forex Speculator

Even though liquidity is quite low right now and one can never be too sure about the way the market would react to this kind of issue being solved, I lean toward the opinion that some of it has already been priced in and a relief rally will be very ...

Reminiscences of A Forex Speculator