SocGen’s Kit Juckes probably summed up the overnight session best: Overnight currency drivers have been
Category: dollar
3 Weeks Later, Goldman Thinks “Fuck It” Probably Still Best Way To Think About USD
“We now see this latest dollar bull run as moving into its latter stages and are downgrading our forecasts for the greenback against G10 crosses. Investors with significant dollar length should consider a more neutral stance.”
Trader: They Ruined My Day, But Stocks Are Still “In A World Of Their Own”
“And then events tried to conspire to rob me of all of my sanguineness”…
Traders Be Like “WTF?!” As Trump Is Desperate Despot, Nuclear War Beckons
So the elephant in the room is clearly Donald Trump’s decision to fire FBI Director
It’s Too Quiet: Except For China. And South Korea. And Collapsing Metals.
It’s Tuesday, and they’re voting in South Korea. There’s an annoying power vacuum over there
“Nazi-Be-Gone” Rally Fizzles As Female Hitler Loss Seen Largely Priced In
Ok, so it’s Monday and France didn’t elect a fascist. So we’ve got that going for
Contagion Warning: “There’s Nowhere Really To Hide” As Bloodbath In Commodities Continues
Oh, boy. Well, it got worse for the beleaguered metals complex overnight. After a harrowing
Bloodbath: “Nightmarish Picture” For Iron Ore Triggers Metals Mayhem
“Iron ore demand is waning, which, against backdrop of near-record/record inventories and aggressive Chinese and seaborne supply, paints a nightmarish picture”…
“America, Fuck Yeah!” Congress Thinks Funding Government May Be Good Idea After All
Last week, it was starting to look like traders had reached peak negativity with regard
Kuroda Shrugs, Twitter Lampoons Sweden, Deutsche Crumbles: Welcome To Thursday
Ok, so as detailed earlier this morning, the first thing you should note about the
Today’s Word Is “Bigly”: Here Comes Trump’s Terrific, Tremendous, Tax Plan
Today’s word is “bigly.” No wait, “phenomenal.” No wait, “massive.” Yeah, that’s it. “Massive.” All
Hellz Yeah! European Stocks Explode, US Set To Rally As Market Celebrates Macron
The final tally was Macron 23.75%, Le Pen 21.53% and to say markets are relieved
Risk-On! S&P Futs Jump, Treasurys Dumped With Yen As Markets Cheer Macron
As tipped by the knee-jerk reaction in EURUSD and EURJPY, the “market-friendly” outcome from the
Guest Post: “We’re All Yen Traders Now”
“I warned you that I wouldn’t have any answers in today’s post, but I implore you to stick the Yen up your screen and watch it like a hawk – it’s likely that any serious market dislocation will first show up in the movement of the Yen.”
A “Soggy” Bottom Morning
“Soggy US housing starts and soggy industrial production data just reinforced the soggy message from last week’s figures, and with it the growing sense that the inflation peak is earlier and lower than many feared.”
Is It Just Me, Or Was That A Nightmare?
You know, I don’t do a lot of “that’s a wrap” or “the day that
Goldman: About That “Top” Long Dollar Trade – Fuck It.
Those who, like me, are in the maddening habit of tracking markets on a minute-by-minute
Trader: “The Word Of The Month Is Going To Be ‘Frazzled'”
” The problem is, market pricing notwithstanding, nerves remain frayed. And markets may find that short-term volatility, in both directions, remains higher than is comfortable for most people.”
Hey! I Know May Stole The Show But Don’t Forget Iron Ore Is Collapsing
It was a sharp move lower in iron ore that weighed on risk sentiment overnight as futures dropped 3.7%, following a nearly 2% move lower on Monday.
Listen Up! Dollar Pares Losses On Mnuchin FT Ramble
MNUCHIN STILL EXPECTS THE TAX SYSTEM TO BE REFORMED IN ’17: FT
MNUCHIN: MAY BE WAYS TO RAISE $1TN W/OUT BORDER ADJUSTMENT: FT
SocGen’s Kit Juckes Is “Back From The Alps”: Here’s His Quick Pocket Guide To An Uncertain Market
The tough thing about a market dominated by geopolitical concerns is that geopolitics is country- or at least region-specific. There’s nuance, idiosyncrasies, thousands of years of history peculiar to this country or that, religious undercurrents, etc., etc. You have to take all of that into account when trying to make sense of markets in the context of multiple geopolitical powder kegs.
Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday.
Boom! It’s Monday. Let’s hit the ground running.
(Almost) $400 Billion Weighs In On Tax Reform, The Fed, And The Dollar
Bank of America’s latest rates and FX survey comprises responses from 74 fund managers with
“Coiled Springs,” Trump The Rates Strategist, And “The Elephant In The Room”
“One question we’ve pondered is whether the best post-election trade is in bond-land or FX”…
“Nemesis Awaits”: Albert Edwards Warns Of Central Bank Hubris
” Now we have central bankers patting themselves on the back for having done a jolly good job. That surely is the most worrying, hubristic signal of all.”
Two “Bigly”s: Trump WSJ Comments Battle Kim’s New Road For Overnight Supremacy
Well needless to say, Donald Trump’s comments in the Wall Street Journal (which hit at
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