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2 FOLLOWERS
Write a Squawk to dealingcube
  • Squawk / 12 November 2014 at 3:45 GMT
    Chief Economist & CIO / Saxo Bank
    Denmark
    Sold USDJPY @ 115.60 through options JPY calls / I love the fact that market is trading higher on Prime Minister Abe NOT ever going to release the 3rd arrow - Market will soon realize that using a "Bazooka" on Japans economy is the most imprecise weapon possible. The equity market is high on the extend-and-pretend lead by BOJ now but marginal utility is waning day-by-day. Long JPY is my prefered long 2gether with CHF. I seel tactical/cyclical peak in US dollar ending this week.
    Read the Squawk
  • Squawk / 05 November 2014 at 10:23 GMT
    Chief Economist & CIO / Saxo Bank
    Denmark
    MACRO ALERT: BOJ´s Kuroda does a "Draghi" - What ever it takes comment: http://tinyurl.com/d8k2xq2

    It´s never a good sign when central bankers "talk" to the market. I am taking profit on USDJPY @ 114.50 - the impact remains but 1st move is over now....

    PLUS our timing model is now have strong SELL OFF in US dollar for 2nd half of November.,

    Buying EUR c USD p @ 1.2600 2 month @113 pips as Europe growth now under-estimated (EUR lower, expectations too low, ECB will come up short following BOJ) and US growth is over-estimated on lower energy prices (deflationary for US, rising short-term funding costs and corporates margins under pressure from US dollar (>45% of sales in S&P-500 is foreign sales)
    Read the Squawk
    05 November
    Juhani Huopainen Juhani Huopainen
    An excellent comment, and agree on all points. The link is to an old article, though, here's the relevant one: "The yen fell to its lowest in...
    05 November
    Jim Earls Jim Earls
    This was irresponsible by Bank of Japan trying to push the JPY away from the 100 level.
  • Squawk / 30 August 2014 at 10:23 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Speculative traders in IMM currency futures increase their dollar exposure further during the week of August 26. And once again the dollar buying was primarily driven by selling of EUR and JPY. The net-short position in EUR reached a 25-months high at 150,657 contracts, the equivalent of USD 25 billion. The AUD continued as the second most favored currency after another week of buying drove the bullish position to a 16-months high.
    More in my update on Monday.
    Read the Squawk
  • 13 August
    Ken Veksler Ken Veksler
    In fairness this was recorded on Monday this week...
    The QIR and Carney jawboning this morning has pushed us lower, but the 1.6730 daily close still holds water....
  • Article / 21 July 2014 at 13:09 GMT

    Steen's Chronicle: War & Markets

    Chief Economist & CIO / Saxo Bank
    Denmark
    Steen's Chronicle: War & Markets
    However unpalatable it may seem, the current escalation in wars and conflicts worldwide makes it necessary for us to examine geopolitical risk and particularly, how to measure it. Make no mistake, the real losers are the thousands of grieving families that have lost loved ones. But this new world order has many negative implications for the rest of us too.
    Read the article
    1y
    Olivier Francoeur Olivier Francoeur
    A man unwilling to kill will shortly starve. Camus might have killed a chicken on the day he wrote his neurotic statement.

    Growth is a myth; value is...
  • 1y
    Chris Koch Chris Koch
    We all pulling our hair out with this fiasco but when reading your articles one just has to laugh if nothing else. Thanks for showing the lighter...
    1y
    JoseRicaurte JoseRicaurte
    I think many traders are just looking ie trading what they should not. All the action during the first half in 2014 has been concentrated on AUD$...
  • 1y
    dealingcube dealingcube
    as for me, GBPCAD looks overbought ... carefully entered into sales
  • 1y
    thewickedwiz thewickedwiz
    The question is ;what is long term?
    If six months is long term,then holding USD against Yen was much better than listening to what is written here by...
    1y
    Consultant Consultant
    There is a limit to forecasting markets beyond which no decent and serious analyst would ever go. Though funny things happen even in mainstream media, selling...
    1y
    thewickedwiz thewickedwiz
    the evidence is ultimately reflected in your account balance....
  • Article / 07 August 2013 at 5:52 GMT

    I am Spartacus!

    Director / Accumen Management
    United Kingdom
    I am Spartacus!
    What makes a trader? And what makes a market? And where are we at now? Mr Veksler gets on his soapbox to tell you.
    Read the article
    1y
    MedievalAstrology MedievalAstrology
    Great writing, thank you. If you are alluding to Monty Python, then I think it is a sign of wit and humorous intelligence if one adopts the...
    1y
    rosen_karadzhov rosen_karadzhov
    Nice piece Ken...
    1y
    Pamela Cunningham Pamela Cunningham
    A great combination: Cynicism + Humour!
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