What a difference a year makes. It was about a year ago that I last wrote about Joy Global, the manufacturer of mining equipment. (read here). At that time I was detailing some bullish call …
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Let’s not read too much into one trading day. However, the start of a new year holds special significance. For trading desks at banks, the P/L statement is reset to 0, and each trader now …
Continue readingOn the final day of 2013, I wanted to take a look at some of the biggest market cap internet stocks that have been big winners this year. My hunch is that their start to …
Continue readingEquity markets were quiet, while currency and commodity markets were a bit more active. Asian Equity Markets Are Subdued – The largest move in either direction for the major indices was the 0.9% decline in Indian …
Continue readingYou may have noticed my radio silence in the past week. Last week was my one week off in 2013, but I’m back in the saddle ready to go for the last four months of …
Continue readingRisk appetite this year has been driven by yen weakness. (For background on why, my post here.) Global equity markets started their tremendous rally when the USD/JPY rate broke out (stronger USD, weaker Yen) in …
Continue readingThe Aussie Dollar is on its longest daily losing streak in 8 years, and it’s fast approaching the important long-term support area around 0.98-0.9850, so I’m taking my profits here. My FXA June 99 put …
Continue readingThe central bank of Australia, the RBA, cut rates last night by 0.25%, to 2.75% from 3%. Australia is slowly converging to the global interest rate of 0%. I became bearish on the Aussie Dollar …
Continue readingThe crash in commodities in the past week has been amazing to watch. Whatever the various cross-currents, it is clear that Chinese demand has slowed in the past year. Most Chinese-related asset markets, whether commodities, …
Continue readingToday is Canadian Thanksgiving. Our neighbors to the north celebrate the day of thanks a month and a half before us, on the same day that we celebrate Columbus Day. I traded Canadian derivatives for …
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