Forex Signals

We’ve been playing Battleships with the RBA – RBA’s go. -50bp. Booosh. Hit…… Battleship AND Destroyer. Otherwise known as our short Aus bills and long Aud/Cad positions. Holed, but we still have steerage and the main engine is still running, just. Man the pumps. What a bunch of W&^ers.
 Aud/Usd is 100pts lower, Aud/Cad is [...]

And relax. BBVA results not the shocker disasternistas were hoping for, the cult of AAPL continues to fleece its disciples and it is looking more as though that was NOT the big one re Europe. TMM can’t help but think this has got a july 2009 feeling about it. We had the QE sugar rush [...]

Well, today is a very important day for markets, as the largest religion company in the World reports earnings. Despite the strength of the earnings season so far, names have found themselves lower just a couple of days later as profit taking has come in. In the short term, that seems reasonable, but does not [...]

Mood is not good in Camp TMM this morning and it does feel like a camp. Encircled by whatever the politically correct way of referring to Red Indians is these days. For here we sit with a pile of Spanish stocks, our background long equities in general and our view that the world [...]

First TMM would like to thank the wonderful folks of Cyprus for their hospitality, fantastic go-karting facilities, interesting beverages (we imagine that a few local producers are retiring to Monaco after our custom) and their UK weather, imported especially to make us feel at home. Special Cyprus weather. We will be back – or at [...]

TMM are today feeling old. Yesterday was a struggle. Despite a 30 minute power-nap before dinner they felt “urrgh” throughout the meze-athon in a Cypriot restaurant decorated in a melange of authentic style and black marker-pen client graffiti. But then this is day 2 into a tradition that stretches far back in history. As Socrates [...]

TMM are on holiday at the moment but watching with interest and that interest has picked up to the point that they have been lifting phones and doing trades.
There has been debate and difference amongst the team as longer term macro positions of some were being parried by shorter term positional views of others. But [...]

Easter comes as every year And with it brings a dose of cheerFor the bears who look again To Eurowoes, this time from Spain.
For when we note their yields rise It’s time to sell in decent size The other debt that Europe calls“Defendable”, as it always falls.
But slice the linksAnd as Spain sinks She [...]

What’s the news ? THE PRICE IS NEWS!!
This is good old fashioned psychology and some of Team Macro Man really enjoy these markets. It’s when opportunities open up due to timing issues and people having to do things through money management decisions rather than bigger fundamentals. Otherwise known as a STOPFEST. As we mentioned yesterday [...]

 Haven’t we had one of these before? FOMC doesn’t hint at QE3 so we trash everything as there will be no more free money? But no more free money because free money is not needed is not a reason to sell everything. Bonds – Ok that makes sense,  but equities? We are pretty sure that [...]