The Traderszone Network

Dallas Fed head speaks in London
Nothing earth shattering here and he’s not a voter this year.

Current reader favorites:
1. The little-known CMBS bill that could have a major impact on NYC real estate
2. The Saudis in the shadows: A look at the Olayan Group, the soon-to-be owners of the Sony Building

read more

If you want to put your money into an offshore account, go ahead. But be aware that it won’t be exempt from taxes.

Can Beyoncé do for beverages what she already did for Red Lobster?
read more

Here’s what you need to know about Woodstock for Capitalists

Now I’ve got 5 minutes to play catch up, here are today’s FX option expiries
USDJPY
Surprisingly there’s nothing on the board sub the 5m at 104.85 but there’s a lot of option action way above 110.00. Could be an end of month thing but the emptiness sticks out like a lighthouse.

With Japan closed, and unable for now to do more damage (or damage control), China stepped in with some modest turmoil of its own by strengthening the Yuan fix by the most since 2005, pressuring the USD weaker for the 5th day in a row. Commodities have tended to push higher on the back of this with Crude above $46.50 but Gold and Silver have surged to fresh 15 month highs (over $1275 and near $18 respectively).

The biggest strengthenig in Yuan fix (implicitly pressuring the USD weaker) since 2005…

read more