Author Archive

• Are the stars aligned for yen weakness?
  InEgoVeritas, November 24th, 2009 at 2:50 pm, Comments: 0

  Umm, looks like we have three stars that do not look too bad. The Nikkei 225 index is now down close to an upward moving 200 dma that could very well act as a strong support area. We also have its slow stochastics in strong oversold territory. The Yen tends to be inversely correlated to [...]

• Three interesting dollar shorts
  InEgoVeritas, November 17th, 2009 at 9:11 pm, Comments: 0

  We live in a time of Fed-sponsored über dollar liquidity. If you believe like I do that the dollar still has some way to go before finding a floor, you might want to consider shorting it. The problem is that most dollar pairs are at key double top/bottom levels where entering is made riskier by [...]

• The Market's Loonie Tunes
  InEgoVeritas, October 13th, 2009 at 4:01 pm, Comments: 0

  We’ve seen a number of important Forex players whistling pro Canadian dollar tunes in the last week. Indeed, from a price action perspective, the currency certainly has reacted to them. The latest positive Canadian Unemployment rate seems to have triggered this new wave of popularity. The figure at 8.4% was interpreted by the market as [...]

• My view on the dollar
  InEgoVeritas, September 28th, 2009 at 11:36 pm, Comments: 0

  The dollar seems to be the darling of the funding world. In the last months, it’s been used to fund what is called the carry trade as investors take advantage of its low borrowing cost to raise capital and invest into higher yielding assets abroad. The difference in yields is what is called the carry. [...]

• How I will trade the FOMC
  InEgoVeritas, September 21st, 2009 at 11:13 pm, Comments: 0

  The upcoming FOMC meeting on Wednesday will mostly be a “bond” story. The market is awaiting to see if there will be a change of tone from the present risk aversed bias to a more positive one. In the latter case, the result might be a repricing of the USTs (US treasuries) to take into [...]