BIS Annual Report

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The VIX index has now fallen back to levels last seen prior to the events of September 2008, but whether this can be justified due to ongoing difficulties in funding markets is questionable. At at the height of the crisis, the USD and JPY movements were closely tied to VIX. The JPY and carry trade like stable markets as a criteria and as maraket uncertainty and volatility (VIX) rise, funds repatriation strengthens the USD and JPY on repatriation flows. Read More...

ECB Widely Expected to Keep Rates On Hold

Financial Markets Currently in Limbo

USD bears should be wary of selling

Jobless Rate, a sign of the times

Central Bank Positioning Refresh

USD Selling May Ease into Late Week Data

Releveraging Looks Weak and Speculative

More Auto Cuts... Risk Aversion Still a Threat

Jim Rogers Bloomberg Interview

Stress Test's Released Delicately - Remain Cautious