Holiday road.
Category: euro
Sour Note.
Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner.Â
Here Are Goldman’s Top Themes And Trades For 2018, So If You Don’t Get Rich That’s Your Problem, Ok?
Maybe you heard and maybe you didn’t, but Goldman’s got themselves some trade ideas for 2018 they want to tell you about, ok?
It Could Have Been Worse – A Lot Worse.
The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.
More Questions, Less Answers.
Not what I would call an “upbeat” session.
Of Double-Downgrades, Booming GDP And Stocks That Are Priced To Perfection
…and all the commentary was accompanied by stock photos of people in hard hats making shit with screwdrivers.
Back To The Future.
It was a good day for the “future.”
One Trader Asks: ‘Jeez, What Does Draghi Know That We Don’t?’
“It feels like yesterday will be as good as the news gets once investors start thinking about it.”
Revisiting The Only Thing That Matters In A Taper: Stock Vs. Flow Effects
As a reminder, no one knows the answer to this yet. That’s how it works with things that are “unprecedented.”
A ‘Bleak’ Near-Term Outlook For EURUSD
“Narratives often dominate fundamentals for weeks at a time. Often, old data will be looked at in a new, supportive light when the story shifts, while fresh, contradictory information is dismissed.”
‘Crisis’ Averted.
Now back to your regularly scheduled rally.
Yes, I’ll Have The ‘Taper’ But Is It Possible To Ask The Chef To Leave Off The ‘Tantrum’?
“It looks like the ECB is managing a taper without a tantrum. For the first time in many meetings we got a truly different policy statement and one that seems to strike a pretty good balance between the hawks and the doves.”
ECB Announces Dovish Taper, Euro Slides
“From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.”
The Key Risk From Draghi Isn’t A Taper Tantrum, It’s This…
“Against this benign environment, the key risk isn’t that the ECB is going to set off a sustained bond bear market.”
Watch For A ‘Deep Dive’ In The Euro
Whither the common currency…
Should Have Just Gotten Drunk.
Anyone home out there?
Super Mario: Full Week Ahead Preview
As usual, the docket is full and the risks are multiplying.
Mild Turbulence.
Fasten your seatbelts.
If Someone Doesn’t Explain Why Stocks Are Lower, You Might Just Have To Buy Gold
In a testament to the fact that, contrary to what Mario Draghi said in Washington last weekend, investors do not in fact believe that stocks can go down as well as up, there’s a mad scramble on Thursday morning to explain what’s going on.
Markets Shudder Across The Globe As Worst Case Scenario Materializes In Spain
Now it gets interesting.
‘Good Luck Out There’: Full Week Ahead Preview
Oh, boy. Try to wrap your head around all of this.
ECB Will Cut QE In Half, But You And Draghi Can Still Netflix And Chill For 9 Months
Yes, “very gradually.” Or preferably “not at all.” But like the Fed, they’re going take some baby steps and see how things go.Â
Close Your Eyes And Buy.
Don’t worry about the orange man.
Bears Crying Wolf And China As Machiavelli (Revisited)
“When asked their worst trades this year, they mostly cited buying volatility, credit protection, or equity puts.”
Geopolitical Rubber (Bullet) Hits The Road: Catalonia Shocks Market
Or is this just another bump in that familiar road to new highs for global equities?Â
Trader: A Part Of Me Wants To ‘Sell Everything’
“On a purely emotional basis, I was torn between sell everything — hard to do in foreign exchange — and wondering anew whether news itself no longer has any meaning for investors.”
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