Take a look at eur/jpy and usd/jpy.
Cheers
Miner
Printable View
Take a look at eur/jpy and usd/jpy.
Cheers
Miner
maybe there was something in the noodles in Tokyo today.
Volatility is something to do with this apparantly..............
EW YORK, Nov 26 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) said on Monday it has reached a deal to sell $7.5 billion worth of Equity Units, to be converted into common shares, to the Abu Dhabi Investment Authority (ADIA). Citi said ADIA's total ownership in its common shares would total no more than 4.9 percent of Citi's total shares outstanding. Under terms of the agreement, ADIA will have no special rights of ownership or control and no role in the management or governance of Citi, including no right to designate a member of the board of directors. Each Equity Unit is mandatorily convertible into Citi shares at prices ranging from $31.83 to $37.24 per share.Equity markets have picked on this as being good news and rallied in Asia with the Nikkei turning a 2% loss into a 1% gain presently. Difficult to trade news like this with the Kiwi rallying 100 points in an hour - a fall in risk aversion may suggest further USD weakness with a potential move back to carry trades.
Equity markets have picked on this as being good news and rallied in Asia with the Nikkei turning a 2% loss into a 1% gain presently. Difficult to trade news like this with the Kiwi rallying 100 points in an hour - a fall in risk aversion would suggest USD weakness in the move back into carry trades.
petromoney starting to flow a little perhaps with that stake in Citigroup and this (from earlier today)
Dubai takes big Sony stake
http://www.nzherald.co.nz/section/3/...ectid=10478505
Ava charts don't open to 11am on Monday,FXCM was showing 163.30 on eur/jpy when ava opened at 163.57,so as soon as ava opened went short,then ava chart caught up to fxcm and is now almost right at 163.30,seen it do this before on a Monday so will watch next Monday as there was 20 odd pips in that.
Cheers
miner
well done on the arbitrage Miner
re the Trademe ad - the same old questions need to be asked. If someone has a profitable system they dont really need an investor , they could grow their capital quite quckly even if they didnt have much of their own to start with.
Hi Peat was actually looking for something to crush rocks to dust on trademe and saw that so thought would post it,only did ava on the demo I have for the charts but will look next Monday and if same again may have to open a real acc.
Cheers
Miner
8 Dec Victor Niederhoffer writes:
Many have indicated to me that they read the New Yorker article and after reading of my infamy felt impelled to see or communicate with me before I died. It is inappropriate, I believe, after losing as much as I did to offer a hornet's nest of excuses, explanations and defenses in response to such well-meaning people. I have great sadness about the money I recently lost for some of my customers. and great regrets about the far, far greater amount than their total that I lost myself. But I am not the total loser that the article depicted. Certain publications love to write about a formerly successful man who goes to the bottom, and their readers love the Schadenfreudian sensations derived from such material. I was a perfect target for their article at the time but I am not now, nor would I have been at any other time in my rather full life except for October 1997 and the time shortly before my forced retirement from squash in 1964, after my many defeats. Nothing in the New Yorker article should detract from the idees fixes that I have been attempting to communicate in my books, website, and day-to-day activities in business. The major lessons to be drawn from my recent losses are "never get in over your head" and "never play in a game where your opponent controls and can change the rules and exit points" and "the mouse with one hole is quickly cornered." I knew these lessons before, but I was remiss in not balancing the gains that arise from taking risk and buying during panics against the vulnerabilities that arise playing on such a field.
http://www.dailyspeculations.com/wordpress/