Ashraf Just read your IMT 2131 ET...to answer my own question (maybe), perhaps the correlation is not evident on the chart! If you have a similar chart DE/US 2Y spread vs. EURUSD please post. Not easy for me to create--no BB. Anyhow, appreciate any additional comments. Thanks, good eve.
Ashraf--I hope you are having a relaxing weekend. My question comes from concepts in this curve article, the last IMT on Friday, and the workbook page on yields and yens crosses. There were plenty of jolts this past week--namely the RBA hike, the poor treasury auctions results Thurs, and great jobs #'s out of both AUS and CAD. So Friday we see a very nice spike in yields and the curve steepens. What really catches my eye here Friday is the tremendous yen weakness that on W and Th seemed more like noise or covering.
The workbook posts a great slide on the correlation between yields and the yen. What I am asking here is do you see a major turn here on the yen, assuming we continue to see UST yields continue to play catch up with competing global assets? Therefore, this week appears to be, at least fundamentally, a major turning point and line in the sand for the YEN. Yes or No?
Thanks in advance for any insight you may have the time to share....
alaidi--in the second segment in today's webinar you reviewed COT data regarding cable net shorts. given relative yen strength (maybe 80 in play USDJPY), wouldn't GBPJPY shorts or EURGBP longs be slightly preferable to GBPUSD shorts--since it seems JPY and EUR should outperform USD (slides 1, 2, and 3 in the workbook). thanks--
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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Just read your IMT 2131 ET...to answer my own question (maybe), perhaps the correlation is not evident on the chart! If you have a similar chart DE/US 2Y spread vs. EURUSD please post. Not easy for me to create--no BB. Anyhow, appreciate any additional comments. Thanks, good eve.
The workbook posts a great slide on the correlation between yields and the yen. What I am asking here is do you see a major turn here on the yen, assuming we continue to see UST yields continue to play catch up with competing global assets? Therefore, this week appears to be, at least fundamentally, a major turning point and line in the sand for the YEN. Yes or No?
Thanks in advance for any insight you may have the time to share....