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ISM Non-Manufacturing was sufficiently bad to spur a broad-based risk reduction. Since both sovereign and corporate CDS prices were down, we might see a bounce in risk ahead of the US labour market...
derivative ,future,options,forward All finance problems ultimately boil down to three main questions:
What are the cash flows, and when do they occur?
Who gets the cash flows?
What is the appropria...
Dubai's debt problems are having a negative impact on markets, but the effects have been worsened because of the thin Thanksgiving trading. It does not make sense that this story should serve as a ...
Our stance today is a “sell-on-rallies”, since we need some consolidation and since traders would be reluctant to break important levels on thin Thanksgiving liquidity.The Daily Trading Stance is p...
The FOMC minutes showed that it is forecasting 9.5% unemployment rate in 2010. The yield curve shifted lower since everybody knows that is not going to happen and that action revealed that monetary...
This is a small document which I had forgotten about. I would not characterize this as comprehensive but it should prove useful to the novice Options trader.
Sell on rallies. After a heavy sell-off in the Shanghai Composite and AUD and NZD, we recommend to sell stocks on rallies today. Evidence: Treasuries are making new highs and 10-year BE inflation r...
The Asian session showed risk appetite is back in town. Equities going higher and AUD and EUR trading higher vs. USD, JPY and CHF. Today's possible trigger is US Retail Sales at 1.30 (GMT). We beli...
German GDP came out in line with expectations. We believe that Eurozone GDP (out at 10:00) could disappoint slightly as Germany is the main driver behind this number. The monthly budget statement f...
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Positive G20 signals on loose monetary policy spur risk
Risk is on. Again. The lack of exit signals from the G20 regarding loose monetary policy spurred risk appetite in the ...