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michaelpelly commented Dec 27, 2012You are quite wrong - Swiss banking sector makes way less income than tourism and engineering/technology innovation sectors. I do not know the impact on the chf.
Swiss hint of U-turn reopens rift over bank secrecy
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michaelpelly commented Dec 27, 2012Hope they not do their work with great prudence and transparency - otherwise we might be very well surprised of the results :-). Greek is such a charade - so far only get what they can with not a single intention to return more than 1/5 of the debt ...
Greek prosecutors comb through Swiss bank account list
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michaelpelly commented Dec 27, 2012Deal or no deal - market will turn eventually - "profit-makers" will "kick-in" at some point ;-).
Washington stirs for "fiscal cliff" talks as Obama heads home
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michaelpelly commented Dec 27, 2012Well I suppose you expect only nice sinusoidal movements for each currency pair with extreme points in same position every time with a fixed angle of accent/descent?! That is not going to happen my friend. If the markets worked like this - everyone ...
High-Frequency Trading Prospers at Expense of Everyone
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michaelpelly commented Dec 27, 2012Well - seems that nobody expected such rapid climb. Analysis based on "Abe..." stuff seems a little like overreaction - the man is still not in real power, nor his future actions are a certain bet - so something else is going on probably - we will ...
Washington stirs for "fiscal cliff" talks as Obama heads home
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michaelpelly commented Dec 27, 2012Well - it is obvious that Christmas miracles will probably end soon - the market rarely stays prolonged time in overbought or oversold state after a rapid climb or descent.
Betting on Yen to Fall Further in 2013? Think Again
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michaelpelly commented Dec 27, 2012Here is the answer - consolidation and saturation to JPY. Only EUR and GBP are still not saturated - the other pairs almost reached resistances.
Washington stirs for "fiscal cliff" talks as Obama heads home
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michaelpelly commented Dec 27, 2012Hah, I like the last 2 comments :-). I agree - wrong judgement of the trend and poor risk management is not due to HFT mechanisms.
High-Frequency Trading Prospers at Expense of Everyone
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michaelpelly commented Dec 27, 2012They still try to push it lower.
Japan PM adviser urges unlimited BOJ easing, higher price goal
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michaelpelly commented Dec 27, 2012It means "consumer mood clouds in November" - just irrelevant.
UBS consumption indicator: Consumer mood clouds slightly in November
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michaelpelly commented Dec 26, 2012I'm shorting almost all CJ pairs with low-risk positions - I consider a good deal to "risk" 400 pips S/L (they almost never kick-in) to hunt for 2 month 1000+ pip deal - way more safer than day-to-day guessing in this violent market.
Every Major Yen-Moving Event In 2012
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michaelpelly commented Dec 26, 2012Wow, conspiracy theories in action! ;-)
High-Frequency Trading Prospers at Expense of Everyone
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michaelpelly commented Dec 26, 2012Well currently only the EUR/JPY and GBP/JPY are really roaming - other pairs seem to got "saturated" for the time being. It is currently quite risky to hop-on the bullish train - if someone got long position entered 1000 pips bellow - it is ...
Every Major Yen-Moving Event In 2012
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michaelpelly commented Dec 26, 2012The new "magician" with his new magic called easing. Poor Japan people - magicians never end well nor those who follow them.
Japanese yen sinks after central bank minutes
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michaelpelly commented Dec 25, 2012How many times this news?!
Japan's incoming PM keeps up pressure on BOJ to attack deflation
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michaelpelly commented Dec 25, 2012Adorable! :-) They predict the JPY will fall in 2013 with unsaid hint it will be "right now" - policies take time to kick-in and from my humble observations - markets do not wait 6 months on certain levels in major currency pairs...but maybe MS ...
Every Major Yen-Moving Event In 2012
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michaelpelly commented Dec 25, 2012That's odd! :-) Good observation from "zero"s ;-).
When Only The Machines Are Stirring - GBP Goes Bidless
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michaelpelly commented Dec 25, 2012That's right - scare people to death from the 2% cut so they go and buy "safe heaven" stocks where they will probably "burn" with 20-30% next 6 months...
Here's How 'Cliff' Fall Will Affect Your Taxes
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michaelpelly commented Dec 25, 2012Reuters joined the "common noise" - pretty non-professional.
Japan new PM Abe wants to correct strong yen trend
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michaelpelly commented Dec 25, 2012Know this - once such inviting "news" gets to the media - stay away...
Japan new PM Abe wants to correct strong yen trend