Trading Nymph's Stock Trading Diary

Tonight the 10 year JGB’s were about flat after a attempted pull back when the Statements of Abe were not much of anything. USD/JPY is back moving up at 102.42. Shanghai Comp was up over 1% with the Govt indirectly saying that they won’t try to curb the property bubble while they deal with their weaker economic data, with Shanghai Futures were up on this too. Italian 10 years continue to stay under 4%. Aussie Continues its freefall at .9752. Eur/USD holding in like that darn Italian Bond at 1.2875

May 2013

Tonight we got a beat in Japan of their GDP and Industrial Production, yet a miss in their GDP deflator. IMHO, a lot of it came from Japanese Consumers needing to buy imports like energy at higher prices. Also, Foreign bonds not being purchased like so many Fund Managers are Playing. Shanghai Comp was up tonight with OK China Foreign Investments up, even though it missed estimates. Shanghai Futures are down again even with that massive sell off yesterday. French NFP missed on data. Hour into the Europe session we have eur/usd at 1.2857 and USD/JPY at 10245. . We see global growth play cont to fall at .9810 for AUD/USD. .Italian 10 years are about flat at 4.00%.

May 2013

Germany GDP estimates missed estimates and is sitting at .1% this qtr. France is under Zero and in recession. Tonight JGB’s did move up that fast today because the BoJ announced it will use 2.8 trillion yen in an immediate action to lower Japanese bond yields which have risen recently, despite the BOJ’s ambitious bond buying plans. Tonight 10 year JGB is up only 2.78% on the news and Panther’s USD/JPY trade is at 102. 34 after running up to 102.61. Nikki hit 2007 highs tonight fwiw. Shanghai Comp is up just a small bit, but Shanghai Futures including Copper is down ugly. At the start of the Europe session we have eur/usd at 1.2903 and aud/usd at .9872. EU GDP pending. UK jobs data was better then expected which was amusing because everyone bashes the UK for austerity. The Chart is UK employment data which is finally a little good news.

May 2013

The Central Banks have really created this world which all economic risk has been delayed in hopes of it going away. The Economic Data hasn’t supported this belief…oh well. Anyway, tonight JGB’s are spiking up again. Shanghai Comp is down over 1%. Shanghai Futures are down somewhat too. Most of the CPI data out of Europe is coming In Line with no major surprises. Later we have Spain giving us Bond Auctions of 1 yr and 6 month. Plus we get the GERMAN ZEW data. 1/2 hour into the Europe Session we have Italian 10 yr up over 4.00% again (so of course our futures are down a tad). Eur/USD is sitting at 1.2992 after going over the 1.3000 in the Asian Session, USD/JPY at 101.43 and aud/usd at .9967.

May 2013

Actually I think the Italian 3 year Bond Auction today could move things more then the Hilsenrath articles over the Weekend (there were 3 of them, omg). Italy, etc Bonds are at silly low rates with the weak econ data that has been coming out…today we will see if Hedge Funds will be in buying up Italian Debt on the hopes that Japan will push  the bonds lower with all of that Abe Stimulus Money. Tonight, China Retail Sales came just Inline (normally China always beat), Industrial Production Data out of China Missed, Fixed Assets missed also. The G7 really didn’t give much of anything, Japan can continue to Stimulate their economy. The Market is still SO OVERBOUGHT with such low volume. Shanghai Comp is down on the econ data, But Shanghai Futures are mixed with Copper slightly up. At the start of the Europe Session we have Eur/USD at 1.2985, usd/aud 1.0005 after dropping 1.0000, USD/JPY at 101. 6100.

May 2013

Tonight the Foreign Investments of Japan came out showing a little bit of foreign investments, but not much yet. . Shanghai Comp is up a bit tonight leading into the weekend G7 Meeting. Shanghai Futures is completely flat. The RBA minutes came out tonight indicating that CPI could be lower (which would give them more room to cut).  German Trade data beat estimates. Towards the end of the Asian Session we have Aud/USD slipping at 1.0055, ouch and USD/JPY at 101. 08. Eur/USD at 1.3028.

May 2013

Tonight we are having a battle of Risk, earlier the Aussie had a big pop after data came out really BEATING employment estimates. But, China PPI and CPI data came out, Inflation is above estimates and PPI is down indicating a decline in Demand. Shanghai Comp is down over the data with Shanghai Futures are that strange sideways mix even with the pull back in the Shanghai Comp… South Korea JOINED the easing party in the Race to the Bottom by Cutting Rates too. We are leading into the BoE Meeting. At the Start of the Europe Session we have Eur/USD at 1.3151 and Aud/USD  at 1.0237. The USD/JPY is pulling back a bit leading into the G7 Meeting at 98.74.

May 2013

Tonight China Trade Data beat estimates, but copper did drop like we expected. Many Pros are pointing at the use of exporters to cover USD to Yuan Loans as the basis of the numbers because the actually trade numbers don’t match up with S Korea, etc. As we mentioned a few days ago, SAFE changes in China are going to do away with this so we should see “truer” trade numbers in the next few months in Theory. Shanghai Futures are sort of Flat with copper up just a little. Toyota came out with earnings showing that China was not interested in buying their cars even with a weaker Yen. Shanghai Comp is up again on a weaker Yuan and better trade data. In the start of the Europe session we have aud/usd 1.0197, Eur/USD at 1.3106, USD/JPY at 98.78. Oil API showed a  increase in inventory leading into the EIA data today but below analysts estimates.

May 2013

Shanghai Comp  closed up today with the Yuan moving down a bit, Shanghai Futures including Copper traded down. Japan’s market was in full rally mode up over 3% coming back from Golden Week. 1.0197 for the Aud/USD after the rate cut came in, with an indication that future rate cuts could come. Eur/USD at 1.3086 and USD/Yen at 99.0600%.

May 2013

Tonight UK is on Holiday. Shanghai Comp is up big along with Shanghai Futures, inc Copper up big also based on the USA NFP data on Friday. The HSBC Service PMI in China missed estimates…but no one cares. Start of the Europe Session we have eur/usd at  1.3100, with usd/jpy in rally mode at 99.40, the Aud/USD is not following with 1.0266 after weaker aussie data leading into their rate meeting tomorrow……Over the Weekend I saw the best quote from Buffett over this huge disconnect between Central Banks and our Weak Economic Data…per CNBC..”Conceding the Fed’s buying program is a “huge experiment,” Buffett said, “This is like watching a good movie, and I do not know the end.”"

May 2013