We highlighted the commodity currencies back in April and May, when we had a couple nice trades on FXA and FXC. After big moves lower in the first half of 2013, the Aussie dollar and …
Continue readingFXC
USO is up almost 2% today, as commodities outperform while stocks underperform, a clear positioning unwind to start the month of June. I wrote about my thoughts on USO in Friday’s Name That Trade post …
Continue reading
Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was May 28th through May 31th:
Continue readingTrade Update May 31, 2013: My FXC June 97 puts have more than doubled since I initiated this trade 2 weeks ago. The downtrend has stalled a bit this week, and though I think it …
Continue reading
I mentioned the developing wedge in both the SPX and crude oil in this morning’s macro wrap. Crude oil is especially interesting because the WTI contract has developed a long-term wedge, but the European Brent …
Continue readingI posted my long-form thoughts on the dollar in my macro wrap yesterday. I cited 3 key reasons why I expected dollar strength: Rates Have Converged to 0. Would you rather earn 3-4% with your …
Continue reading