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couple of interesting charts out of this weeks EWI report

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wayneL said:
To avoid confusion

Forex is quoted USD/JPY whereas futures (what I refer to) is quoted as JPY/USD so the carts are the inverse of each other.

So yes forex would be correlated (for the purposes of this discussion) whereas the futures are "reverse" correlated.

So yes, in your case, correlated.
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Sorry Wayne...but your point was also that it seemed to be leading?

Cheers,
 
Edwood said:
out of interest how come you use the future & not the FX Wayne?
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There are a few reasons, but one of the main reasons is the capability of using options.

CanOz said:
Sorry Wayne...but your point was also that it seemed to be leading?

Cheers,
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Well it was definitely leading when the carry trade scare. It hasn't for a few weeks now. Just bringing up the possibility now again as the yen is going against the flow... USD going into Yen again?

As I say just a heads up.
 
wayneL said:
Well it was definitely leading when the carry trade scare. It hasn't for a few weeks now. Just bringing up the possibility now again as the yen is going against the flow... USD going into Yen again?

As I say just a heads up.
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Well the yen rise was taken out, YCT watch cancelled.
 
Edwood said:
you know options didn't even occur to me - cheers Wayne

a couple of charts in here for China - madness

http://www.safehaven.com/article-7417.htm
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Thanks for the link Elwood.

That is a scary thing to see, the first chart looks dangerous.

So much divergence on the second chart.

I agree that they do have the power to cause ripples in the world pond now, lets hope the bank of china steps in to stop anything really mad taking place.

What a grand old world we live in now, is this the beginning of the changing of the guard?

I asked my Girl friend (she's Chinese) if you can trade CFD's and option over the chinese indexes she told me she did not think so. Would maybe be a great short opportunity there one day in the future.

You guys know if you can there is one on IG for Hong Kong

Correction IG have a china H share index available I have attached a chart 4hour 3 months. see that lovely 10% fall at end of feb, recovered quite well though.
 

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Trade_It said:
I agree that they do have the power to cause ripples in the world pond now, lets hope the bank of china steps in to stop anything really mad taking place.

what a grand old world we live in now, is this the beginning of the changing of the guard?
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think its too late to stop the madness tho TI. Haven't been keeping track of it lately but before the last correction people were queuing outside brokers for hours trying to open accounts, buying shares on credit cards, mortgaging their houses to get into the market... and choosing shares which they had no idea of the underlying business but which had lucky sounding names...

there's the Hang Seng (HSI) for local exposure - but when China goes all markets will be affected imo. just chose the one that suits your risk profile I don't think I will be trying to pick the top on HSI :eek: ASX, Dax and Dow will be fine for me
 
Edwood said:
think its too late to stop the madness tho TI. Haven't been keeping track of it lately but before the last correction people were queuing outside brokers for hours trying to open accounts, buying shares on credit cards, mortgaging their houses to get into the market... and choosing shares which they had no idea of the underlying business but which had lucky sounding names...

there's the Hang Seng (HSI) for local exposure - but when China goes all markets will be affected imo. just chose the one that suits your risk profile I don't think I will be trying to pick the top on HSI :eek: ASX, Dax and Dow will be fine for me
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Yeh agreed!

But imagine the ride on that short, fast!

But then you always have to worry the bank of china will start poring money into it to halt the free fall.

It is still a amazing place china government has such precived control, but from what we see I think its gotten why out of control. last quarter 11.4% increase in economy after they said they are slowing it down!
 
Edwood said:
cheers for that TI

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NASDAQ

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then have another look at that China chart
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Ha Ha Ha

I was thinking that as well! but due to the bank of China being able to step in (if they want to). I think they will come to the rescue you have to understand the amount of cash they have at there disposal right now! It is just crazy!
 
Trade_It said:
I was thinking that as well! but due to the bank of China being able to step in (if they want to). I think they will come to the rescue you have to understand the amount of cash they have at there disposal right now! It is just crazy!
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yeah no doubt there will be some intervention TI - I'm more just flagging the potential risk of taking longs at the moment other than on short time-frames. A significant retrace might not happen for a while yet, and there are lots of points to be made on daily ranges until then. Anyway enough of the long term charts from me! :)
 
SPI getting itself wound up for a break but no real indication of direction since the CPI spike. perhaps ASX is waiting for direction from o/seas
 
Bounce or break time for Wall St. Mini.
 

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Europe is various shades of red. I'm beginning to warm to your blow off top hypothesis CanOz.

Traded shorts the last two sessions (day trades), maybe tonight we'll get a decent trend session to the downside.
 
Looks like we might get a trend down day. SPooze is already below the weekly PP and daily S1.

Ambitious target of 1475 on the futs.

Mind you, the bulls are fully capable of buying on any news....:confused:
 
I'm sitting here with my finger on the short trigger, wondering if i want to waste a good nites sleep or not....defines a new type of risk really .

Cheers,
 
Looks like everything might be having a wee bounce....before a move lower?

Cheers,
 

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