Posts by "qiman"

Thanks for this very interesting material Ashraf, and I look forward to more of your insights on the Yen in the sunday webinar. I will definitely be watching the Yen carefully for opportunties, though at this time I can only use the Yen/US futures cross. Very interesting comment you made elsewhere that if there is a downgrade on Japan, that CHF would be the beneficiary--certainly there ae not alot of "safe havens" and if the Yen buckled I could see your scenario. I also wonder how gold would likely react?

Fed's volte face sends the dollar tumbling

Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system, or such a sudden flight from the dollar.
http://www.telegraph.co.uk/finance/currency/7893238/Feds-volte-face-sends-the-dollar-tumbling.html

Here is one opinion, an interesting article:

The Fed is steering the economy into deflation. It's a political calculation that will keep unemployment high, increase excess capacity, and deepen the recession. C.P.I. continues to fall, bank lending is down 4 percent year-over-year, housing prices are slipping, business investment is off, and consumer credit continues to shrink.
http://www.eurasiareview.com/fed-is-steering-us-economy-into-deflation.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+eurasiareview%2FVsnE+%28Eurasia+Review%29&utm_content=Google+Reader

@Said, yes, due to the Intel earnings it hit that level right as the ES contract reopened after the 15 minute break yesterday, but could not break through. Still might this afternoon with the as of late typical buying the last hour. What was interesting in hindsight yesterday was when Intel announced, the NQ and ES futures were in their 15 minute break period, so traders piled into the TF (Russell 2000) as a proxy, driving it up a full 6 points in 15 minutes, wish I had been at my screen! Both the NQ and ES gapped up considerably upon reopening at 430 Eastern time.

This article is loaded with documentation, some will find it quite interesting:

Scientific Proof That High Frequency Trading Induces Adverse Changes In Market Microstructure And Dynamics, And Puts Market Fairness Under Question

In a research paper by Reginald Smith of the Bouchet Franklin Institute in Rochester titled "Is high-frequency trading inducing changes in market microstructure and dynamics?" the author finds that he "can clearly demonstrate that HFT is having an increasingly large impact on the microstructure of equity trading dynamics. Traded value, and by extension trading volume, fluctuations are starting to show self-similarity at increasingly shorter timescales.
http://www.zerohedge.com/article/scientific-proof-high-frequency-trading-induces-adverse-changes-market-microstructure-and-dy