Market Sentiment
Ok, this is an important index showing the current market positioning in the long term. Good to do some cross referencing once in a while: Sterling Shorts Make 77% of the Open Interest :D
Fundamental news
17/01/06
BOJ maintain it's interest rate after a 6-3 vote. Current rates are .25% for o/n and .40% for the Lombard rate. Based on the 6-3 vote many analysts are expecting the rate change to occur at the February 20-21 meeting. Have to wait for next month to see any changes. If you seriously looking at the USDJPY chart, it is moving towards 2005 high as compared to 2006.
This is a very wonderful special report being written: Bank of Japan to Raise Rates? Currency Traders' Views Diverge. Really love this report. The speculative sentiment index for the whole week was a sell jpy, and I even have rumours that despite the increase in interest rate, it would be a sell jpy and buy jpy. Even though the report stating that majority economists predict this rate hike, hey, economists don't trade, only investor's do. Am i right? ha ha....
Based on the 6-3 vote many analyst are now expecting the rate change to occur at the February 20-21 meeting.
18/01/06
Consumer prices climb in December
posted by Singapore fs at
6:49 PM
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