We start Tuesday on a treasonous note… So because he’s President, Donald Trump gets some
Category: euro
China Rolling Over + Ballistic Missile Test By Hermit Regime = “Monday Risk-Friendly Tone”
“The weekend news – softer industrial production, Capex and retail sales in China, higher oil prices as Saudi Arabia and Russia agree that output cuts should be extended through Q1 2018, a North Korean ballistic missile test – sees us start in mild risk-friendly tone.”
Oil And China. Because What Else, Right?
It’s Monday. Hell yeah! Let’s start in China, because… well… because where else, right? We
Looking For “Euro Exit Risk?” We Found It In This Chart
“Risk assets have taken little notice, except in sovereign CDS where the 03-14 switch (buying 2014 definition, selling 2003 definition) – a potentially highly convex trade on a euro exit – remains high for Italy.”
Everything You Need To Know From A Very Interesting CFTC Report
The latest CFTC data is out and this week’s release is notable for a number
“EU”phoria
Just how confident is everyone about Europe now that Emmanuel Macron managed to trounce Marine Le Pen in a runoff that threatened to install a dancing Nazi in the French presidency? Well, if you’re looking at equities, the most confident in history…
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
Trader: “The World’s A Scary Place,” But That’s Always Been The Case
“To be fair, we still have loads of quantitative easing going on and the world remains a scary place. But it’s always been a scary place. We just have selective, as well as short, memories. And if black swans remain your major investing concern, then economic numbers are of very little import.”
Mario Who?! Presenting A “QE-esque” “Grab-a-thon”
“And yet – in relative terms – these credit market moves are stunning…in fact, QEesque in places.”
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
One Trader Tells Us “A Tale Of 2 Tapers”
“For as long as the U.S.’s debt profile continues to deteriorate, it’ll be a difficult environment for the major buyer of that debt, the Fed, to step back. Especially if the related signal also lowers the demand from foreign governments.”
Guest Post: Serving Up A Gift
“University professors should take this past week’s trading and immortalize it in their lesson plans”…
“It’s All Dumb Money Now”
“Here’s how that worked out.”
Trader Warns: “The Post-Election Implied Volatility Selling Is A Mistake”
“Well today’s get rich quick scheme didn’t work out so great”…
“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
One Bank Weighs In On The Euro’s “Sell The News” Moment
“The Euro went up a bit, down a bit and ended pretty much where it was last week. It faces two short-term challenges”…
Wall Street Weighs In On Macron Win
“And since we believe a Macron presidency has been embedded in market pricing since then, we do not expect his victory in today’s run-off to have a significant impact on markets from tomorrow.”
European Leaders Cheer Macron’s Victory Over Le Pen
The relief is palpable…
Barclays Tells You What To Expect If Macron Wins
Assuming Macron does indeed carry the day, here are the two possible scenarios and what to expect, according to Barclays…
2 Charts Show How Confident The Market Is In Sunday’s “Sure Thing”
There are a number of different visuals you can look at to see how confident this market truly is, but one of the most straightforward ways to assess the situation is simply to look at…
Guest Post: Another FU?
“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”
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”…
Trader: Sunday Will Be The “Final Nail In The Coffin” For Euro Bears
“Those who trade on systemic market risks need to know when their expiry date has passed. It’s time for the euro to enjoy its life out of the limelight and let some other asset be the focus of market worry.”
Guest Post: It’s That Time Of Year Again
“I wonder if we aren’t setting up for a buy-the-rumour-sell-the-news reaction.”
“You’re Dismissed”: Here’s How Markets Are Feeling About Sunday’s Big Event
Call it overconfidence if you want, but the “win” for the pollsters in the first
It’s Tuesday And Some Folks In Europe Are Doing Some Manufacturing!
Ok, let’s see… It’s Tuesday and there’s some European PMI data you should note. Because
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