Ideas

Morning folks, its been v choppy out in the markets over the last week. So I just wanted to step back for a few minutes and collect my thoughts and think about the trends I have noticed:

1. Oil has been v volatile and this volatility is feeding into the stk market. Yesterday saw a large bounce/spike in the price of crude, and lo and behold today all indexes are in positive territory. This also has an impact on risk currencies which seem to be taking their queue from the price of Oil. Which means the global economy is moving at the whim of percieved hurricanes in the Atlantic ( Long NHC) and any geopolitical issues in the ME ( Long Israel/Palestine) or in the Niger Delta ( Long Nigerian terrorists). Today I'm looking to play WTI long but best to wait until US data is released at 1.30pm and then the big one at 3pm Uni of Michigan confidence. Last week this really drove markets up, lets see if it can do it again.

2. Japanese election due to take place and opinion polls and commentators believe that the LDP's iron grip of Japan will loosed as the DPJ come into power. The DPJ are more respectful of BoJ independence but are looking to have their men elected onto the governing board. I personally don't think the japanese election results would be -ve for the Yen and will be looking for an entry point into a short USD/JPY trade