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Or you can now use TapaTalk again!Playing the I fund
- Thread starter clester
- Start date
FUTURESTRADER
Active member
looks like EAFE did trade today, up .012%http://www.dailyfx.com/story/dailyfx_reports/daily_brief/Euro_and_Yen_Prepare_For_1145011749624.html
Euro and Yen Prepare For Next Week
Friday, 14 April 2006 11:48:57 GMT
In Asia the yen continues to underperform as comments from various Japanese authorities suggest that the Zero Interest Rate Policy may remain in place longer than the market anticipates. Tonight’s release of the BOJ minutes revealed that the board believes if inflationary pressures are restrained as the economy follows a balanced and sustainable growth path, an accommodative monetary environment will probably be maintained for some time. Yesterday’s muted CGPI numbers left little immediate need for BOJ to turn hawkish, making yen vulnerable to further carry trade flows with the 119.00 level now marking the line in the sand between the bulls and the bears. A break higher could open the path to a challenge of last year’s highs at 121.38, especially if the meeting between Chinese Prime Minister Hu Jintao and President Bush next week produces little meaningful change in China’s FX policy.Article can be found Same place as above.
Looks like a short term play for C&S may be in the making
Japanese Yen
The Japanese Yen lost ground against all of the majors currencies over the past week as the Bank of Japan continues to signal their reluctance to raise interest rates. Last night’s release of the Bank of Japan minutes shows that the central bank sees inflation as well contained and expects growth to continue to rebound, but they still want to keep rates accommodative for some time. They are probably getting a bit uneasy with the rise in long term yields, which have gradually been heading towards 2.00 percent. Data for the week ahead is light with only a revised industrial production report, consumer confidence and trade balance due for release. Instead, yen traders will be focusing more on China. As politically savvy as they have always been, China announced that they are easing capital controls on FX by allowing qualified companies and individual to invest more money abroad and to increase the amount of foreign currencies that companies can hold ahead of President Hu’s visit to the US next week. We still believe that little will come out of the meeting since the Chinese have shown a strong distaste for political pressure. However, bracing themselves for surprises, Yen traders will be watching his visit closely.http://www.bloomberg.com/apps/news?pid=10000101&sid=a3VLedzVh7qE
fo the full story see above
Yen to Gain Against Dollar as Japan's Yields Rise, Survey Shows
April 17 (Bloomberg) -- The yen may end a four-week slump against the dollar as investors in Japan take advantage of the highest bond yields in almost seven years, a Bloomberg survey showed
robo
Well-known member
Japan is down and oil is over 70 a barrel. Iran's comments this weekend could make for a wild week in the oil pits. Will we set a new high this week?
http://quote.bloomberg.com/apps/news?pid=10000103&sid=apOdqU01pYj0&refer=news_index
James48843
Well-known member
Japan taking a beating today, but the rest of the world is not in too bad a shape. UK is actually up pretty good, and UK makes up a significant portion of the I fund portfolio
http://www.allstocks.com/markets/6worldtxt.htmJames48843 said:
U.K. isn't trading today. those quotes you posted are for last Thursday. However, you were correct in a way. The dollar is taking such a beating that the I fund will be up once again. Catching up to the I fund is proving quite difficult. If I ever actual catch up and surpass it, I will be very tempted to park everything in the I and let it ride.
Dave
<><Buy on fear. We climed the wall of worry when oil was $50 they got used to that, Then $60 money was still made, Now $70 it may take a few days but this too shall pass.
AP: Japanese Stocks Fall; Dollar Down vs. Yen Mon Apr 17, 5:38 AM ET
TOKYO - Japanese stocks fell broadly Monday as concerns about recent sharp rises in Japan's long-term interest rates and global crude oil prices prompted investors to sell real estate and consumer finance stocks.
With many foreign investors away for the holidays, domestic players were reluctant to buy, particularly before a rush of earnings reports from major U.S. and Japanese technology firms in the coming weeks
http://news.yahoo.com/s/ap/20060417/ap_on_bi_ge/japan_markets_3sugarandspice
Well-known member
MSCI EAFE says up .915...The dollar really got crushed today. If the US markets continue to slide (currently DOW down 85) could this be setting up for a FV day?FUTURESTRADER
Active member
MSCI EAFE now updating an hour earlier, I guess due to daylight savings time?Similar threads
