Main G10 data of the day was a huge disappointment! 200 jobs vs 20,000 jobs added, with huge Full time loss. Participation rate plummeted too!

Cross Market Analysis

From CitiFX Wire.. 48 Hours of Risk G10 FX (320 words) USD: Geopolitics is muscling out the Fed as the primary market focus. In very short term USD vulnerable on positioning, but ‘pure’ risk off trade spells USD strengthening, with NZD, NOK, CAD and ...

Cross Market Analysis

JPY – Risk-aversion in Asia triggered by Obama’s authorization of air strike in Iraq, Nikkei trades below 15,000, US 10y breaks 2.4% and USD/JPY takes out a key pivot at 101.75 which are all important levels. Market retains long $ positions, I think ...

Cross Market Analysis

You know what's funny... I've come across 100s of super-smart traders in my time... not one has every suggested they have a "secret" Either we are in the presence of a God-among-man... or its just a load of bullshit... take your pick.

EURUSD

07 Aug 2014 Europe Economic Research No panic at the ECB The ECB did not send a strong policy signal today. The central bank is clearly watching geopolitical risks and the mixed economic data closely, but more time is needed to assess both of these ...

Cross Market Analysis

that is medium term market inflation expectations... i.e. its been dropping a lot!

Cross Market Analysis

*draghi says ecb intensified prep work related to abs purchases *draghi says tltros enhance accommodative stance *draghi says inflation expectations firmly anchored *DRAGHI SAYS ECB WILL CLOSELY MONITOR IMPACT OF GEOPOLITICS, FX

Cross Market Analysis

agreed. this isn't really the same as an NFP number (which is as good as random) We know roughly what Draghi will talk about, what his tone will be... the only thing is to try and predict how the market will react to his rhetoric.

Cross Market Analysis

hmm... -JPM cut German growth forecast to -0.5% from 0.5% (annualized) -Italian recession confirmed -Slowing of EUR area PMIs -Peristently weak labor markets And in the last few days, inflation rates (as per market expectations) on the "medium term" ...

Cross Market Analysis

EM is always Emerging markets. I can understand why that specific one could be confusin tho, but always emerging markets but srsly, I will eventually get around to answering any question, regardless of how complex etc

Cross Market Analysis

can always ask...

Cross Market Analysis

JPY – It was a big washout of long $ position overnight, which happened right after the London went home, USD/JPY dropped to 101.77 from 102.20 very instantly triggering many stops. It was triggered by the market positioning which was long $, there ...

Cross Market Analysis

Desk been buying EURs... again... will it work this time? Looking at the USDEUR we can see that it reversed exactly at the key 0.75 pyschological level earlier today. Some corporates and real money, look at the EURUSD the other way around... hence ...

Cross Market Analysis

in USDJPY at a decent hour? you got seriously bad prices my friend... 70 mil should clear in a few pips at most if the counterparty has a decent system... Citi have the impressive "dagger" series of algos for executing large size in aggressive ways. ...

Cross Market Analysis

doesn't mean much, other than AUD being high beta to me...

Cross Market Analysis

Citi sales guys telling people that it wasnt a fat finger, more very quick sell programs triggering stops on a drop under 102.15, but it doesn't make a difference.... The market dropped, then it bounced. no big deal.

Cross Market Analysis

I saw close to 7billion on EBS go thru... CME futures not too important btw But on EBS, at this time of day, quite easily could have paid 15+ pip spread on that USDJPY trade...

Cross Market Analysis

Well, Hans over at MS (and his team) is on track for 3 straight negative years... he still seems pretty safe.. However these recos are basically our CVs, so its kinda funny when people say that the banks are betting against the clients, because ...

Cross Market Analysis

No, its not even remotely important.

Cross Market Analysis

JPY – Yesterday’s price action was a bit disappointing me that we have seen several buyers out of Japanese communities and fast monies re-put some longs as well on rallies, but USD/JPY didn’t stay above 102.80 and lost all gains very easily thanks ...

Cross Market Analysis