Hey Guys,
I was going to do the weekly analysis this week but with this huge gap in G/Y I am not going to be trading until the markets calm down. As far as I am concerned this is not a tradeable market, the gap makes this market unpredictable and dangerous.
Why the gap?
The U.S. nationalization of banks Fannie Mae and Freddie Mac is what caused the massive gap. Read more in the bloomberg articles below:
U.S. Takeover of Fannie, Freddie Offers `Stopgap’ for Mortgages
Yen Drops Most in 3 Months as U.S. Takes Over Fannie, Freddie
