“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.”
Category: dollar
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
Is This Over Yet? “If Ever I Needed A Long Weekend, It’s Right Now”
“The hardest challenge of the day may well be not clock- watching. But while you may have been stopped out more than once this week at least you won’t have tenuous positions when they release big numbers tomorrow with the market shut.”
Tape Bomb! Trump Prefers “Low Interest Rates,” Says “Dollar Too Strong”
TRUMP TELLS WSJ UNDECIDED ON RE-NOMINATING YELLEN: CNBC
Dollar Jumps As Tillerson Emerges Alive After Putin Meeting
The dollar (and yields) are spiking as Rex Tillerson and Sergei Lavrov attempt to explain
Trader: Shut That Lyin’ Mouth And “Get ‘Em While They’re Hot”
“Too many commentators have fallen into the “everything is binary†trap and decided that if you assume each event will end badly, there’s material to turn out a good rant”
While You Were Watching That Screaming Guy On The Plane (Again), I Was Buying Yen
Well, it kinda feels like everyone just said fuck it and bought the yen overnight
We’re At “An Inflection Point” – Here’s How NOT To Play It
Over the weekend, we talked a bit about the “seismic battle taking place between the
#Thiswasabadidea: Amid All Kinds Of War, Janet Yellen Takes To Twitter To Calm Nervous Markets
Oh what a difference three days and one Dudley makes. See, you (and a whole
“And The Rippers Mumbled ‘Thank Your Lord'” – Home “In” The Range With An FX Trader
“Don’t you just love it when these great communicators say “some people misconstrued what I said last week?â€
“We’ve Come Too Far, There’s Too Much To Lose!” Composure Key As World War III Beckons
If ever there were a time when the phrase “that escalated quickly” was appropriate, this
“Get A Grip” One Trader Doesn’t Want You To Freak Out On Friday
“So it is possible. How often do you get Nancy Pelosi, Chuck Schumer, Paul Ryan and John McCain agreeing on something?”
“Hold My Beer While I Meet Xi.” And Everything Else You Need To Know On Thursday
It’s Thursday, which means today’s Donald Trump gets to look the Donald Trump who refused to
“This Was Inevitable At Some Point”: Is There A Storm Coming For Emerging Markets?
“This was inevitable at some point. Removing market- supportive measures is a good indication that the recovery in the U.S. is on track.” Whatever you say…
Spot The Moment Mario Draghi Opened His Mouth
Thursday morning chart challenge…
Goldman Likes Its Fed Minutes “Mildly Hawkish,” Probability Of June Hike Still 60%
“Overall, the mildly hawkish minutes increase our confidence that balance sheet normalization will be announced this year and are also marginally supportive of a June hike.”
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