Nassim Taleb talks with Bloomberg’s Erik Schatzker about the May 6 stock market selloff and his investment strategy. Taleb also discusses the drivers for the financial crisis, the U.S. economy and the performance of Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke.
It’s 09:36am GMT (Thursday).
I just covered the EUR/JPY short I had opened earlier this morning for a quick 171-pip profit.
The 1-hour chart of EUR/JPY as of now:
It’s 06:06am GMT, Thursday.
I just sold some EUR/JPY @118.43
SL: as per trading plan
Target: open
The 1-hour chart of EUR/JPY as of now:
It’s 06:01am GMT, Thursday.
Manually closed it @118.30
102-pip profit on this one.
The 4-hour chart of EUR/JPY as of right now:
New York University professor Nouriel Roubini said Greece and other “laggards” in the euro area may be forced to abandon the common currency in the next few years to spur their economies.
A “real depreciation” in the euro is needed to restore competitiveness in nations including Spain, Portugal and Italy, he said in an interview on Bloomberg Television today. The euro will remain the currency for a smaller number of countries that have “stronger fiscal and economic fundamentals,” Roubini said.
The European Union and International Monetary Fund last week approved a 110 billion-euro ($139 billion) lifeline for Greece to arrest the country’s fiscal crisis and stop the turmoil from spreading. Europe’s debt woes may push it into a “double-dip” recession, growth in advanced nations will be “anemic” and China’s overheating economy risks a slowdown, Roubini said, adding that Greece may still eventually need to restructure its debt.
“The challenge of reducing a budget deficit from 13 percent to 3 percent in Greece looks to me like mission impossible,” Roubini said. “I would not even rule out in the next few years one or more of these laggards of the euro zone might be forced to exit the monetary union.”
It’s 06:25 am GMT, Tuesday.
Bought EUR/JPY @117.28
SL: as per trading plan
Target: far and beyond what I can imagine 
The 4-hour chart of EUR/JPY as of now:
