“This whole idea about a higher euro being bad for exporters has quite a few things you can poke at.”
Category: euro
Monday, Monday: The Day In Charts
“Can’t trust that day”…
‘Superfirms’ And ‘The Rise Of The Zombies’
“Allowing a bund shock and a credit tantrum to take hold would only pressure corporate interest costs again, and risk a rise of the zombies”…
Wait, What? The Crowd Sometimes Gets It Right?
“After all, something is straight up on a stick, speculative positioning is at extreme levels – of course I am going to be an idiot and try to short it.”
SocGen Asks: ‘Will Euro Strength Kill The Eurozone Profit Recovery?’
“Europe was the standout region last week, with losses across most countries with the exception of The UK, Norway and The Netherlands. MSCI Eurozone lost 2.0% during the week, nearly all accounted for by the strengthening euro. In US dollar terms the index was down just 0.2%.”
Pay Attention! DAX Under Pressure Again As Automakers Plunge, Euro Weighs
Well, the fallout from Friday’s blockbuster automaker collusion report continues for Daimler AG, Volkswagen, and BMW. You’ll
DAX VIX Soars As German Stocks Plunge Most This Year
…when you combine that batshit crazy scenario with the new report on automaker collusion and a surging euro, what do you get? Well, you get the worst day for German equities this year.
That ‘Throw Away Line’ Was Not, In Fact, A ‘Throw Away Line’
“That throw away line, that people came to expect and then ignore, was very likely to have been delivered with serious intent and forethought.”
A ‘Gettin’ Away With Murder’ Type Of Day: Thursday Market Wrap
Thursday was all about people who might have gotten away with murder…
‘We Don’t Believe You’: FX Market Flips Draghi The Bird
It’s time to call bullshit.
ECB Keeps Everything Unchanged, Language Seems Dovish
Ok, well the euro may have come off a little in the past 24 hours
Stocks Touch Record Highs: Full Wednesday Visual Recap
“So much winning, you’re going to get tired of winning”…
‘Netflix & Chill’ – Full Visual Tour Of Tuesday’s Market Action
Netflix, Goldman, “own dick eating,” a failed healthcare bill, dollar doldrums, and so much more…
European Shares Slump Most This Month As Euro Soars, Gold Hits Two-Week High
Investors are of course concerned that the stronger euro will weigh on earnings and those concerns aren’t helped by the possibility that Mario Draghi is set to telegraph an unwind of ECB stimulus.
Dollar Dives As Republican Health Care Bill Collapses
Well, it looks like the healthcare bill is dead after two more Republican Senators said
Risk-On Still Intact As Entire World Ignores China Stock Plunge: Full Visual Recap
All told, the mood remains “risk-on.”
‘Does a Canary Chirp If No One’s in the Mine?’
“For now, nothing can go wrong. And if you needed any proof that central bank policy is the ultimate driver of these markets, here you have it.”
‘Billions And Billions And Billions’: ECB, BoJ, And Your Full Week Ahead Preview
If you didn’t get your fill of hand-wringing over DM central banks last week, then you’re in luck…
Stocks Fly To Records, Global Risk Rally Continues As Bad Data, ‘Good’ Yellen Keep Hope Alive
The message is loud and fucking clear: the vol. seller’s/ carry trader’s paradise and the risk party that’s made every homegamer with some SPY and QQQ look like a guru for the past eight years depends on DM central bankers staying some modicum of dovish. And on that score, bad data helps.
‘This Increases The Anxiety’: Gold Surges With Euro, Sterling On CPI Miss
“Gold is the net beneficial of this data [as] this increases the anxiety and creates a lot of questions about the current strategy which the Fed is using.”
ECB Tries To Wake Up ‘Exceedingly’ Sleepy Robots With Reuters Leak – Fails
“The important thing is not to pre-commit and keep it very gradual.”
Dow Closes At Record High – So Does Central Banker Confusion
So yeah, another day, another largely fruitless effort to figure out what exactly the message
Trader: ‘Conspiracy Theories’ Only Work If Everyone Sticks To The Script
“But they seem to cling to the notion that they must do so without any knock-on effects to the broader category of assets. They do so love the calming sounds from the trickle-down effect.”
Krona Surges! I Found Some Inflation In Sweden
Earlier this month, the Riksbank removed the easing bias from their outlook.
They had too. Do you remember why?Â
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