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CARRY TRADE Replies |
HenryTo
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Joined: 06 Aug 2004
Posts: 11260
Location: Los Angeles, California
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 Posted: Thu Jun 28, 2007 12:49 am Post subject: |
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| Pound Sterling now over the US$2 level. |
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rffrydr
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Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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| Posted: Thu Jun 28, 2007 12:28 am Post subject: |
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Looks like it's gonna take more than talk from the japanese.
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HenryTo
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Joined: 06 Aug 2004
Posts: 11260
Location: Los Angeles, California
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| Posted: Wed Jun 27, 2007 12:43 am Post subject: |
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| Huge moves in the Yen tonight on the upside. Pound Sterling again gets rejected at the US$2 barrier. |
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rffrydr
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Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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rffrydr
Moderator
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Posts: 16445
Location: Sunny California
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11260
Location: Los Angeles, California
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| Posted: Thu Jun 14, 2007 8:14 am Post subject: |
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Currency Volatility to Hurt Carry Trade, Goldman Says
http://www.bloomberg.com/apps/news?pid=20601091&sid=a3RwIZ6Ncnp4&refer=india
| Quote: | ``There is a good chance that we might be forming a bottom in foreign exchange volatility,'' said Jens Nordvig, a senior currency strategist at Goldman in New York. ``It might be difficult for the carry trade to sustain the type of performance it has had if the trend lower in volatility doesn't persist.''
Purchases of high-yielding currencies are financed in countries with lower interest rates such as Japan in the carry trade. Investors have started to speculate on future policy changes by central banks in Asia, Europe and the Americas, adding to asset price volatility. |
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rffrydr
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Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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| Posted: Mon May 21, 2007 7:27 am Post subject: |
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Euro/Yen reversing after new high on no G8 mention...and afterward by Fukui that ecomony is no justification for rates.
Dollar strong in face of Kuwait's decision to stop using it.
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rffrydr
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| Posted: Sat May 19, 2007 10:52 pm Post subject: |
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| Goodfella wrote: | | carry trade is bad for japan. takes investment away ---> enemy china |
Japan was early, big investor in China so I didn't connect the dots. This guy did and maybe it's working right now:
http://www.thestreet.com/p/_rms/rmoney/bonds/10349148_2.html
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rffrydr
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rffrydr
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rffrydr
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Location: Sunny California
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| Posted: Fri Apr 20, 2007 8:25 am Post subject: |
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Yomuri "leaked" CPI results and interpretation for next week--long way to explaining rosy comeback in Asia last night. Things work differently over there I guess. Still holding out for surprise on this count (Food comes first in Japan).
Carry index shows clear lead back in 2002. Good place to look for early weakness:
http://news.morningstar.com/article/article.asp?id=190736
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rffrydr
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| Posted: Thu Apr 19, 2007 7:17 am Post subject: |
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165 euro/yen was getting to be too popular. This started coming off as major Japanese insurer went repat two days ago. Historically yen rallies start in April (the fiscal repatriation kicks it off apparently) and is looking tuff--probably ties to the Yuan.
Japanese CPI next week could put us back on track--or send us off to the races.
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rffrydr
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rffrydr
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rffrydr
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Joined: 30 Oct 2005
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| Posted: Mon Apr 02, 2007 8:21 am Post subject: |
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A different kind of carry--and part of the short interest puzzle:
http://www.businessjive.com/nss/bonistudy.pdf
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