EUR A Disappointment
December 15th, 2009 admin

Although Christmas markets are in full swing, with the concomitant reduced risk profiles, low volumes, and general lack of interest (at least judging by the paucity of comments in recent posts), that doesn’t mean that there’s nothing happening. The DGDF crowd are being taken for a visit behind the woodshed, as EUR/USD hsa traded to its lowest level since October 2 so …
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EUR/CHF is trading in the lowest level ever. Technicians will see it going further down, but the SNB might force it to go in the other direction. Will we see EUR/CHF rock on Friday? Updates on this cross. EUR/CHF is now trading at 1.4244, the lowest level this pair ever traded in. It broke below the previous record of 1.4297 reached in October 2008,...
Macro Man isn’t sure that we learned much from the FOMC last night, but that doesn’t mean that markets have receded into a pre-Christmas stupor. It’s hard to know what the DGDF crowd was looking for…but whatever it was, they certainly didn’t get it. Cue the by-now predictable battery of stop losses from dollar shorts...
The turnaround in the British job market is in doubt, similar to the economy’s growth . The number of unemployed Brits leaped, hurting the Pound’s cautious recovery. Let’s see the numbers: British Claimant Count Change, which is an early and important indicator of employment, showed a big rise in the number of unemployed people...
For more information and analysis, visit bforex.com USD/CAD The pair which at best is volatile during breakouts has been trading a considerably more volatile pattern over the last 30 days. A break above or below the 200 day moving average typically signals a change in long term outlook. However, we have seen the CAD bounce along the 200 day MA...
Sorry for the lack of posts, but, hopefully, frequency will increase as TMM pack away their beach towels and knotted hankies for another year. But for now we would just like to say that if the rest of peripheral Europe are taking the crisis anywhere near as seriously as Greece is, then the whole place is f%”ked. We have just found …
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I'm off to Thailand for 6 weeks tomorrow so that means that there will be no more blog posts or email messages until September. (…)
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Following on from yesterday’s post marking his 2009 views to market, Macro Man is pleased to unveil the first half of his non-predictions for 2010. Regular readers will by now be familiar with the annual ritual, wherein he differs from the crowd by offering a set of “non-predicitions”, identifying ten things that he feels won’t...
I will be on vacation for the next week but then I will be headed to Sydney for the very first time. I know that there are many Australians reading my blog and I would be delighted to meet you in person. Here is my itinerary. Hopefully we can cross paths: Friday October 30 & Saturday October 31 10am – 5pm each day Sydney Trading & Investing...
Australian employment data was somewhat confusing – with a rise in the unemployment rate but a nice gain in jobs. After the blow AUD/USD got from the Fed decision, together with other currencies, it managed to consolidate. Update. The Australian unemployment rate unexpectedly rose from the low level of 5.1% back to 5.3%. Australia’s rate...
The U.S. dollar fell to a 7 month low against the Japanese Yen this morning following another barrage of weak economic data. Consumer prices fell, foreign inflows decreased and the UMich consumer confidence survey dropped to the lowest level since August 2009. On FX360.com, I talked incessantly in my daily report about how the data today was going...
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Nishitaa01 (Nishita) : Dus me hoofd is spang man. Pfff kut macro economie. Hoofdpijn en shit.. Updated : 2010-09-06T13:56:47Z | Reply | View Tweet |
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dennisgjones (Dennis Jones) : Love this commentary and even more the chart @macroman http://bit.ly/9pPzUa Mirror, mirror, on the wall.. Updated : 2010-09-06T13:45:43Z | Reply | View Tweet |
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porkyporks (Porky Lim) : @J_LeeJ was in la. Fuck man. My macro lecturer is thai. The only thing I hear outta her mouth is tequila... Updated : 2010-09-06T07:48:24Z | Reply | View Tweet |
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RealEconomy (The Real Economist) : Macro Man: Don?t sell 'til you see the whites of their socks: http://bit.ly/cXPCTp.. Updated : 2010-09-06T07:00:43Z | Reply | View Tweet |
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alkanphel (JW) : @hai_ren That's one hardcore macro lens man.. Updated : 2010-09-06T03:42:53Z | Reply | View Tweet |
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