Morning thoughts 1/4

AdamAdam Grimes's blogsLeave a Comment

Good morning traders, A few important things happening this morning: Europe is strong at +1.3% (2 standard devs).  UK is much stronger and is up 3.2% (4.5 standard devs) on followthrough from very hot manufacturing data.  We are also seeing corresponding moves in Cable and Euro compared to Pacific currencies (GBPAUD +2%, etc). Chile is intervening with a 12B FX … Read More

Morning Thoughts 1/3

AdamAdam Grimes's blogsLeave a Comment

Good Morning Traders, And Happy New Year!  Some interesting things happening this morning: First of all, realize that volatility cratered in the last weeks of 2010, but this is nothing out of the ordinary.  The circled area above shows our indicator that looks at each day’s price change as a standard deviation of the last 20 days.  As you can … Read More