The VIX Roll Down – Time To Sell
Every conversation about the VIX these days is about how it is time to pay because it is so low, it cannot get any lower. The highest we saw in the VIX was… Continue reading
The European Investment Case – Carry Away
Europe + Japan = 1/3 World GDP Both are targeting INFLATION with QE and zero to negative rates. QE is a privilege reserved only for the world’s best <wink> because QE from a… Continue reading
Forex Lesson 1 : So You Want To Trade FX ?
I had readers ask about wanting to trade FX and how to start and thus I am writing this for everyone like them out there, wanting to play on the great big FX… Continue reading
FX Take : ECB Done, BOJ Next – Nothing is ever good enough
I am not sure if this is what forward guidance means but the price action of EURUSD after the ECB was another classic. From what was supposed to be a currency negative story… Continue reading
Bonds In Conversation : Only The Devil May Care – Negative Rates Nightmare
No surprises that one of the most read articles this week pre-ECB historic negative rates decision has been The Unstoppable 100 Trillion Bond Market Renders Models Useless. http://www.businessweek.com/news/2014-06-01/the-unstoppable-100-trillion-bond-market-renders-models-useless It is true that valuation… Continue reading
Playing Mr and Missus Nice – Central Banks and Living It Up On Leverage in Singapore
Traders and investors all have the same prayer to their gods – that inflation continues to fall and central banks around the world will keep up with their stimulus for stocks and bonds… Continue reading
Thoughts on the ECB Tonight – Remember Last Month !
After 6 years, I am getting tired of markets sitting around and hanging on every word that comes out of the central banks or finance ministers or Shinzo Abe. And memories are so… Continue reading
The Rise of The Kangaroo – AUD Bonds
To date, we have had more AUD kangaroo bond issues than the entire of 2013 – 127 issues compared to 118 for 2013. Singapore has had only 71 so far (last count… Continue reading
SGD Bond Market Mid Year Review : Top Performers
I am hearing renewed market interest in the perps recently. Cheung Kong and Genting perps have enjoyed a decent rally in the past weeks. This is apparently due to some sell side recommendations… Continue reading