- Search Metals Mine
- Casimir commented Feb 11, 2013
RE Brainard: replace "Brain" with "ret" and his statement is more understandable.
Treasury’s Brainard Says G-20 Must Refrain From Devaluation
- Casimir commented Feb 11, 2013
The explosive uptrend in the USDJPY has been driven by strong fundamental forces (current account deficits and strong new stimulus policies). Until these forces are withdrawn or otherwise ameliorated, why would a "vicious blowback" be expected? ...
Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
- Casimir commented Feb 11, 2013
Been big long EURJPY since 123.965 yesterday. Loving life at the moment.
Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
- Casimir commented Feb 11, 2013
USDJPY popped quite a bit here. Run up from 93.35 to to 93.85 within the last hour. There's still so much bullish going on behind this pair, though, that I think it was just looking for any reason to run up a bit.
Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
- Casimir commented Feb 11, 2013
Wait.. FOREX trading is risky? Why did nobody tell me!?! I assumed I was just cashing a lottery ticket every day. And I love how this article takes the dollar index (which in part measures strength against the Euro) and the Euro index (which in part ...
Why It's Risky to Be Short the Dollar or Long the Euro
- Casimir commented Feb 11, 2013
The market moved in response to Draghi b/c it inferred his view of the Euro as "too high" could influence his monetary policy in some respect. He didn't need to say anything explicit about monetary policy for the market to make such an inference. ...
ECB’s Weidmann Says Euro Not Seriously Overvalued
- Casimir commented Feb 11, 2013
Draghi can say what he wants, but at the end of the day the Germans hold all the strings of the ECB. And they've been very consistent in pushing a single goal of price stability -- IE, they're opposed to rate cuts or QE to support employment growth. ...
ECB’s Weidmann Says Euro Not Seriously Overvalued
- Casimir commented Feb 10, 2013
Dumb article. First, the Fed buys $85 billion a month through QE. How could this result in a $237 billion capital injection? Second, QE works through treasuries and MBS. To trace a capital injection to QE, you need to show that bank holdings of ...
The Fed's Bailout Of Europe Continues With Record $237 Billion Injected Into Foreign Banks In...