Year 2016 Starts Now! – Get With The Program!

A fantastic start to the new year with equity markets in particular – showing their hands early.

Today looks fantastic as currency markets are essentially `giving us the day to catch up`….with little movement in USD itself – but OBVIOUS movement in JPY as risk sells off hard.

You guys know this…..this should look very straight forward at this point as the clear trade is still Long JPY vs Commods….as well short USD coming up here again soon.

These pairs are a given as risk falls off the cliff, while we get another full day ( or two more perhaps ) before USD rolls over and `those` pairs get added to the pile.

I wish it was more exciting at times too folks…however after a time…this just gets redundant.

We are going lower…..days lower…….weeks lower.

 

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1 Response

  1. Madness January 4, 2016 / 10:23 am

    Happy New Year Kong.

    May 2016 be a healthy and rewarding one.

    Just peeved that I didn’t get a chance to get in to the JPY vs Commodities this morning. When I woke (operating on London time here) the damage for the day had already been done.

    US$ roll over. Am trying to find a currency that it will roll over against but am finding a hard one to decide upon (besides JPY).

    Commodity currencies have their own issue with the slow down in world economies and if China implodes, this will not bode well for the general economies of Aud and Nzd, especially their real estate markets which has benefited form Chinese investors.

    Euro still has fundamental issues and it only takes Greece or some political event in Spain or France for Eur to collapse.

    The thereat of a Brexit is pretty high so GBP could tank if the momentum of this starts to take off. Remember what happened two years ago when Scotland were about to vote for Independence from the rest of the UK.

    Doesn’t exactly leave a lot the the US$ could be an absolute buy against. If risk off does take off substantially, the US$ well be the currency of choice simply for safety reasons and because it’s the best of a bad bunch.

    Anyway, lets see what happens and what (if anything) the CB’s come out with.

    Good luck all.

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