“If he loses support in parliament, there’s an outside chance that this could topple the government and create unexpected political risks.”
Category: euro
Hurricane Damage: Full Week Ahead Preview
Ok, well it’s Sunday which means, barring Trump wandering into a nuclear war in the next several hours, tomorrow will be Monday. This week they’ll be a lot of talk about…
‘A Fly In The Ointment’ But Nothing To Worry About, Apparently…
“We would characterize existing political risks as of the run-of-the-mill variety that investors always face and a far cry from the high-stakes political events of the past several quarters (events that markets navigated with aplomb.”
No Market Is An Island.
Best of luck in Q4 and here’s hoping there’s a Q1 2018.
How To Sink A Currency Without Actually Doing Anything In 1 Chart
RIKSBANK EXTENDS GOVERNOR STEFAN INGVES’ MANDATE BY FIVE YEARS
Don’t Forget About The Perverse Dynamic In The Euro
And that’s the irony here.
Still One Of My Favorite Trades
“This might seem trite, but the scariest thing in today’s market is currency strength. No one wants it. No one can afford it.”
‘Keep One Eye On Left Field’: Here Are The Most Important Q4 Market Themes
“As always, keep one eye on left field for the “unknown unknown” that could shift the market’s thinking.”
What, No Nukes?
There’s always tomorrow.
Monday Bloody Monday.
There will be blood.
‘Investors Have Been Ignoring This Story,’ But That’s About To Change
“The beginning of the euro’s impressive rally coincided with Emmanuel Macron winning the French presidential election and thereby quashing political fears in the region. A correction in the euro is now likely to coincide with Spain and Germany bringing those risks back into the light.”
Euro Falls After German Election Raises More Questions Than It Answers
“…most likely you will get some Swiss franc support on the back of those results.”
‘This Looks Less Market-Friendly Than Expected’: Will German Results Weigh On Euro?
To be sure, this looks like it will hit the euro in early trading. The single currency will likely knee-jerk lower against both the yen and the franc and you can expect to see a flight-to-safety bid in fixed income.
La, La, La.
Finally, in case you haven’t had enough of “connecting the dots” today, here’s another exercise for you…
Dollar On The Move, EM Under Pressure As Fed Holds Firm On Trajectory
Dollar bears on the back foot all of the sudden…
Apocalypse Now (Again).
Well for those who had their doom bunkers all prepped and ready, there’s “good” news on Tuesday – the apocalypse is back on.
Make Risk Great Again.
Now stay tuned to find out if Kim bought some VXX today on the cheap so he can fire off an ICBM this evening and make a few million to put towards his next H-bomb.
‘They Bought It All – Literally’
To be sure, traders and investors were left to cope with conflicting signals in the
‘The Clocks Stopped At 1:17’…
Ok, get ready.
For now, the fiscal-chaos-can has been kicked, Harvey is behind us, and North Korea’s latest nuclear test has come and gone.
But dead ahead is Irma’s landfall in Florida, North Korea’s “founding day” (which by most accounts will be “celebrated” with an ICBM launch), and of course, more gridlock in D.C. We are, figuratively and literally, in the eye of the storm on Friday.
Wipeout: Dollar Crashes Across The Board
Dear lord: the pressure on the dollar is unrelenting.
It looks like no one wants to be the idiot that’s long USD headed into a weekend that could see a catastrophic hurricane strike on Florida and another ICBM launch for North Korea.Â
Ok, So What Now?
Just one more day of this before the weekend, when we’ll all get to put up the plywood and hide in the basement as Irma turns Florida into Atlantis and Kim turns Tokyo into Dresden…
Euro Surges As Draghi Speaks, GDP Outlook Revised Up, Inflation Path Down
“At the same time, the recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability.”
ECB Leaves Everything Unchanged – Eyes Turn To Draghi
But you’ve got to think Mario Draghi isn’t looking forward to Thursday’s presser.
Although no one expected any actual change to policy rates or the APP, markets are expecting quite a lot in terms of outright jawboning, telepathy, side-eyes, winks, nods, or really anything at all to suggest that the ECB is going to try and keep a lid on euro strength and/or is prepping an exit plan from stimulus.
Boris The Bullet-Dodger.
Seemingly unwilling to risk any further damage to his already low approval ratings, Trump ultimately
ECB Said To Study QE ‘Scenarios’ For 2018 – Decision Not Expected Before October
Now you can assume that “adjusting” means winding down, but then again, it could also mean changing the parameters to get around capital key constraints in the event they find themselves breaching technical limits.Â
Death By A Thousand Cuts.
The bottom line is that between another powerful hurricane approaching the U.S. mainland, U.S. markets catching up with their global counterparts in terms of pricing in North Korea after the long weekend, the DACA decision which portends more bickering in Washington, and the looming debt ceiling debate (with the specter of a technical default showing up in today’s decidedly poor 4-week bill auction), it was death by a thousand cuts.
Currency Havens For Millennials – And No, Not Bitcoin…
“Sure, they’re unlikely to seek shelter in Bitcoin and other cryptocurrencies just yet, not even Millennials. But they may well prefer a haven basket that includes more”…
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