One of the most critical market trends that gets virtually zero attention in the mainstream
Category: FX
A Perma-Bull Turns Bearish: “I’m Worried”
“It seems a weird time to suddenly turn bearish, but I’m overwhelmed by a large sense of concern as I gaze across markets.”
Daily Kickstart (Japan Battles Bond Markets, Mexico/Turkey Battle FX Traders, May Meets W/Trump)
As is rapidly becoming custom, we start with FX markets, where the USDJPY rose again,
Daily Kickstart (“Bigly”)
Making stocks great again.
These Are The Best And Worst Performing Currencies Since Trump Took Office
Needless to say, I’ve spent a fair amount of time talking about currencies this year. As
“Canary In A Coal Mine Or Siren Song”?
Bright and early. Me. An espresso (I skipped the frothed milk this morning in favor
Want To Understand Markets? Watch This Currency Pair
The yen is gauge of safe-haven flows, it reflects the plight of exporters in a world increasingly driven by FX vol, and it is in many ways a kind of running, real-time referendum on the market’s conviction regarding the Trump administration’s commitment to a weaker dollar.
Daily Kickstart (Dollar In Focus As UK Court Rules; Lira Plunges)
On Monday evening I said I’d likely find myself talking about the dollar again first thing
Warning: Currencies Will “Remain Volatile”
Regular readers will recall that if you’re in equities, one of your main concerns going
Daily Kickstart (Dollar Slumps After Bombastic Trump Speech)
If it was a weaker dollar Trump wanted he’s certainly gotten it in the days following his bombastic inauguration speech which was seen by the rest of the world (with the possible exception of Marine Le Pen) as a de facto declaration of war.
It’s Time To Start Worrying About FX Vol
I think it’s probably time to start getting concerned about FX vol. This morning’s dovish
Daily Kickstart (Yen, Gold Fall; Inflation, IP Data, Goldman, Yellen All On Deck)
Traders put the brakes on the flight to safety bid on Wednesday as gold and the
“Nothing To Get Bullish About”: Is The Long Dollar Trade Dead?
“There’s nothing to get bullish about in la-la dollar-land”…
5 Recent FX Flash Crashes: Triggers, Amplifiers, & Stabilizers
Earlier today in “Anatomy Of A Flash Crashing Black Swan,” I noted how multi-sigma events (i.e.
“Expect A Correction”: Big Brexit Speech “May” Sow Chaos
You can argue for protectionism and against progressivism and multiculturalism all you want, but what you can’t do is stop the market from rendering its own judgement.
Daily Kickstart (“I Had Some Bad Chinese”)
We’re gonna need a weaker yuan. Data out Friday showed China’s exports falling 6.1% y/y
Daily Kickstart (Dollar Doldrums)
Oh how the mighty (greenback) has fallen. The consensus trade of 2017 is having a rough
Wednesday Chart Check (Trump, Brexit, And FX Chaos)
The US election and Brexit have a whole lot in common. Both represent the electorate’s
Daily Kickstart (Dear Mexico, We’re Sorry About All This)
I think I can probably sum up Wednesday with one sentence and one chart…
Daily Kickstart (Jobs Edition)
Overnight I quoted Goldman on the way to explaining why a short yuan bias was
“This Is Not Your Happy Place”
How can we attribute a plunge in the dollar to a dovish reading of the Dec. FOMC minutes?…
Daily Kickstart (China FX Edition)
Whither the yuan…
Greenback Plunges After Fed Minutes
On the heels of the Dec. Fed minutes (which hinted at a fairly gradual pace
Daily Kickstart (Welcome Back Japan Edition)
Markets have been rallying quite strongly on this notion of fiscal hope but, as we
Dollar Swings Wildly After Upbeat US Economic Data
Well, that escalated quickly…
“Grinchs” Should Have “Stayed In Bed”, SocGen Says
“The Grinch and Scrooge had better stay in bed this morning”…

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