Don't let the market take a toll on your psyche. Embrace rest, recovery, and reflection as essential parts of the process of successful trading.

Two notable things about EM FX price action since the US CPI surprise last week: (i) Brazil's Real is among the top performers; (ii) Turkish Lira isn't underperforming Hungarian Forint, Polish Zloty or Russian Ruble by much, so recent Lira weakness isn't about CBRT rate cuts...

Fed’s Beige Book (Dec 2021) federalreserve.gov/monetarypolicy…

1-Pager from GS explains it all. Clean. No point of debating anymore. Market is obsessed with certainty. Wed’s Fed meeting has substantially reduced the uncertainty for 2022. Perhaps the next uncertainty would be inflation keeps overshooting, pushing more aggressive hikes in 2023

Dont be upset by the results you didn't get with the work you didn't do..

We are in that phase of the market where my hedge fund pals are "bearish" but positioned 90% long. 🤑

#USDZAR , I think we will some significant moves , sell the rallies...

Time for China to outperform..

China and India are back to the forefront again.. Em FX to outperform again.

#NASDAQ100 at a perfect level .. buying 11555..

M. M. G: Howard Marks of Oak tree capital : we base our investment decisions on Macro forecasts. The only problem with Macro forecasts is that they are rarely right..

Will the Fed signal a slower pace of rate rises this autumn? on.ft.com/3Of5jIB

One of the most vexing things about global FX is that markets have been stubbornly long Euro (blue). That's now finally shifted, with long Euro positioning getting cut back to neutral. But neutral is still a long way from what positioning should be. Lots more Euro downside...

If there is a holy grail in trading, this is it:

Fry day...

Better to be Edged than Hedged

Tech surge sends valuations to extremes, but traders don’t care. Options traders aren’t as optimistic. Cost of contracts protecting against 10% decline in Invesco QQQ is now 1.7 times more than cost of options that profit from 10% rally, most since Apr22. finance.yahoo.com/news/tech-surg…

Iran : We will attack.. take care.. Israel : The drones are expected to arrive in 8 hours... Anime war style....