FTSE Mib Futures solointraday - Cap. 3
- Creatore Discussione DRIVE
- Data di Inizio
mr. takeprofit
Forumer storico
n.14
Guest
n.14
Guest
SOLO..intervieni duramente....
QUALCUNO indicava long a paletta nella chiusura della scorsa ottava...
ora...si mette a predicare rossa fuoco...
che si fa...in tread serio??
QUALCUNO indicava long a paletta nella chiusura della scorsa ottava...
ora...si mette a predicare rossa fuoco...
che si fa...in tread serio??
mr. takeprofit
Forumer storico
Come avrebbe detto il vecchio Raz Degan.
Oggi pomeriggio non ho fame !!
Alle 16:22 di lunedì preferisco restare flat ... questa settimana è importante iniziare con una operazione in gain certo
rimando a domani, a dopo
Oggi pomeriggio non ho fame !!
Alle 16:22 di lunedì preferisco restare flat ... questa settimana è importante iniziare con una operazione in gain certo
rimando a domani, a dopo
Jedd
GORDON GEKKO
ma parli come donna o come presidente della camera?
Entrambe a sto punto!
purplegate
Non anticipare mai...
ci siamo...
vediamo se è tutto compromesso o siamo già in ch di un 2gg per intrappolare qualche orso...
livello spartiacque intorno ai 15320pts...
vediamo se è tutto compromesso o siamo già in ch di un 2gg per intrappolare qualche orso...
livello spartiacque intorno ai 15320pts...
solointraday
Forumer storico
magariRajoy:..."...Bce dovrebbe avere il potere delle altre banche centrali....gli stessi strumenti sul mercato..."
chissà per far cosa...mi chiedo...
così svaluta anche bce, e visto che lo fanno boe fed e boj il risultato è a somma zero
Jedd
GORDON GEKKO
Oggi la giornata è andata Purple!
Tier1
Forumer attivo
view di una banca giapponese
The perhaps most important theme this quarter is asset allocation in Japan. This has both a direct portfolio rebalancing element and a more indirect effect from increased risk appetite. Both effects have important global implications. Out take is this:
The direct portfolio rebalancing will impact the big holders of JGBs (banks, pension funds, and lifers) the most. The most obvious impact will be increased foreign bond buying by these entities. Some of this will be FX hedged (banks), while some will only be partially hedged (lifers and pension funds). Regardless, there is likely to be flow into the long end of the UST curve, into semi-core bonds in the Eurozone and into MBS in the US. In addition, selected high grade EM bond markets (such as Mexico) will benefit too. Importantly, from an FX perspective, institutional flow into AUD and EM is likely to be less hedged (or not hedged at all) relative to flow into USD and EUR. On the other hand, some other markets (such as European periphery and Brazil) may not see much direct institutional flow.
The indirect effect through increased risk appetite will impact asset allocation more broadly. For example, we have seen much improved appetite for domestic equity investment by Japanese retail. This could also see a broad-based pickup in demand for foreign currency toshin products, and we are seeing tentative signs of this starting to happen. This would impact EM currencies (including the BRL) more broadly than the direct portfolio rebalancing of institutions, but it would not impact yields curves substantially.
We remain long AUDJPY (initiated at 100 last week) and we are revising our trading target for $/MXN lower to 12.00 from 12.20 previously (initiated at 12.79 in early March). These trades are directly impacted by the asset allocation view.
The perhaps most important theme this quarter is asset allocation in Japan. This has both a direct portfolio rebalancing element and a more indirect effect from increased risk appetite. Both effects have important global implications. Out take is this:
The direct portfolio rebalancing will impact the big holders of JGBs (banks, pension funds, and lifers) the most. The most obvious impact will be increased foreign bond buying by these entities. Some of this will be FX hedged (banks), while some will only be partially hedged (lifers and pension funds). Regardless, there is likely to be flow into the long end of the UST curve, into semi-core bonds in the Eurozone and into MBS in the US. In addition, selected high grade EM bond markets (such as Mexico) will benefit too. Importantly, from an FX perspective, institutional flow into AUD and EM is likely to be less hedged (or not hedged at all) relative to flow into USD and EUR. On the other hand, some other markets (such as European periphery and Brazil) may not see much direct institutional flow.
The indirect effect through increased risk appetite will impact asset allocation more broadly. For example, we have seen much improved appetite for domestic equity investment by Japanese retail. This could also see a broad-based pickup in demand for foreign currency toshin products, and we are seeing tentative signs of this starting to happen. This would impact EM currencies (including the BRL) more broadly than the direct portfolio rebalancing of institutions, but it would not impact yields curves substantially.
We remain long AUDJPY (initiated at 100 last week) and we are revising our trading target for $/MXN lower to 12.00 from 12.20 previously (initiated at 12.79 in early March). These trades are directly impacted by the asset allocation view.
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