Took profit on the cash USD/JPY short - MTD: +55 bps ....
Still same scenario - week-end press mostly about Iran and how things there is going wrong:
The key focus' this week being the ECB and FOMC meetings...
There was more "leaking" and "faking" ahead of the FOMC meet - The Fed to stamp out early hikes : http://tinyurl.com/nblbj5
On the ECB will focus will be how much demand there is for liquidity - some Inv. bank names sees big demand as indication of "risk appetetite"...(http://www.ft.com/cms/s/0/c1e03e28-5f4e-11de-93d1-00144feabdc0.html?ftcamp=rss).on the other hand more and more of the good cyclical trend predictors is turning down - my friend Sam sent me this interesting Gentleman:
Charles Nenner: http://www.cnbc.com/id/15840232?video=1155616343&play=1
Nenner is my kind of man and investor... ;-)
Still got all the same positions.