For those of you that need a visual representation of how the Greek CDS Payment Activation process will play out. Here’s the most probable step by step process:

USD/JPY has been on a tear lately but this could be the beginning of an even stronger rally. I don’t use Ichimoku charts at all but this pattern is so significant that I have to mention it. The first chart shows that we are at the cusp of a weekly close above the Ichimoku [...]

Next week, the ECB will conducting their second long term refinancing operation. The impact of their first LTRO was significant - in fact, it sparked the stock market rally. If the uptake next week is anywhere close to EUR1 trillion, we could see a similar reaction. The following chart shows how the [...]

USD/JPY has been on a tear since the beginning of the month in large part due to rising U.S. yields. Based on the following chart, the slope of the recent rally in USD/JPY is much steeper than the slope of the 2 year U.S. Treasury yield which suggests that either the run in [...]

2012 is a big year for politics with 10 countries holding Presidential Elections. The potential leadership changes in the United States, France, Russia, Venezuela, Hong Kong, Finland, India, South Korea, Mexico and Taiwan are all important, but some more so than others. For example, the outcome of the elections in Hong Kong, Finland [...]