by discobiscuit | Apr 8, 2022 | MACRO CHART, OPINION
04.08.2022 This is our THESIS (resumed) regarding BOJ and JGB’s. It is a GLOBAL FI issue, global yields are putting pressure on all CB’s and BOJ is trying to hold the line. Japanese investors, especially Pension Funds, were pushed to invest in GLOBAL FI...
by discobiscuit | Mar 11, 2022 | OPINION, POSITIONS, PROCESS
03.11.2022 For the NEXT FEW WEEKS we should see JPY continue to deteriorate. The dynamic RISK OFF / LONG JPY is not valid at the moment (things could change, we base this on price). Charts across the JPY landscape are suggesting weaker JPY ahead. The break we saw O/N...
by discobiscuit | Feb 27, 2022 | OPINION
02.27.2022 As the saying goes, Putin is POT COMMITTED to this effort. With the WEST placing crippling sanctions, he has very little else to lose. If he stopped the flow of energy to the EU, it would drive prices of energy significantly higher, adding tremendous...
by discobiscuit | Feb 27, 2022 | MARKET COMMENTARY, MARKET POSITIONING, OPINION
02.27.2022 We expect a NEGATIVE open for RISK. The sanctions placed on RUSSIA this weekend are probably going to cause an initial NEGATIVE reaction to RISK in general. The EURUSD is indicating a much lower open, JPY RALLY is also expected. Equities will probably open...
by discobiscuit | Feb 11, 2022 | OPINION
02.11.2022 Yesterday was a roller coaster for the USD trade. We were given EURUSD on our bids at 1.1385 and paid at 1.1488 (yesterday’s ATR). Now we are back down sub 1.1400. Our ALGO maintains it’s long position: LONG trade entered at 2022-02-10...
by discobiscuit | Feb 10, 2022 | FRAMEWORK, OPINION, PROCESS
02.10.2022 DAILY CHART: We remain constructive EURUSD but admit that today’s number will be crucial for the direction of the cross and the dollar in general. We believe the market is looking to SELL USD as they attempt to fully price in the FED (maybe 3-4...
