Draghi Isn’t Powerful Enough To Stop This…
When jawboning just ain’t gonna cut it.
Search Results for: dollar intervention
‘It’s Hard To Price An Extinction Event’ – But Some Traders Are Trying
“They’re trying to buy dollar-call bids at any price to hedge the risks.”
Art Vandelay Is Calling: China Exports, Imports Miss Badly
See China, like Art Vandelay, is an importer/exporter, “ok?â€
‘60% Of The Time, It Works Every Time’: Full Week Ahead Preview
Ok, well good news: we’ll get a break from potentially market-moving scheduled events this week.
‘He’s An Importer/Exporter, Ok?’: China, Art Vandelay, And A Juggling Act
China, like Art Vandelay, is an importer/exporter, “ok?”. And generally speaking, you want to keep
Meanwhile, In China: “Relentless, All-Round” FX Shenanigans
Epic tug-of-war emerges as PBoC battles traders…
“A Recipe For Calamity”: Trump Is Quietly Pushing America Deeper Into Mideast Wars
“Across the Middle East, the administration drives the United States ever further into wars without end, increasing the dangers of direct military confrontation with Russia and Iran, with little awareness and no mandate from the American people. This is a recipe for calamity.”
Beware Another “Epic” Yuan Squeeze
“After engineering (another) epic squeeze in late May/early June, overnight points have dipped into negative territory, 1m points are near five-year lows, the 430pm CNY closing price is back to a discount to the fix.”
“Between A Rock And A Hard Place” – China’s Latest Yuan Gambit
“Stuck between a rock and a hard place, China is likely to strengthen the yuan in order to lure foreign capital as the liquidity lifeline.”
Speculators Beware, China Just Made Things “Harder Still”
“At such times, FX intervention will become necessary to close the gap between the market price and the fixing.”
“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that
The Week That Was: “The Hardest Thing To Do Is Justify Hedging”
Well, it’s been one hell of a week. We started on a sugar high thanks
One Bank Warns: “Bad Trump Dominates The News”
But as far as markets are concerned, the new administration’s FX policy is just as crazy. In fact, that statement is itself crazy. That is, the fact that the new administration has a discernible “FX policy” is nuts. And this isn’t some “well it would be nice if…” kind of thing.
Daily Kickstart (Stocks Rise Across The Globe)
We start Wednesday with the dollar (where else, right?). Trump’s protectionist rhetoric and the lingering
Shocker: Democrats Ready To “Make America Great Again”
“If you had told us that on the third work day of Trump’s Presidency, we would see a $1 Trillion dollar infrastructure proposal (over ten years) take shape in Washington, we would have told you that “we have a bridge to sell you as well”…
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 (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
China: We’ll “Fight Against Protectionism,” Lead “Global Governance” Push
Beijing is making a concerted effort to present China as the new champion of global governance. To the extent Trump believes he’s undercutting the Chinese, he’s actually creating a kind of power vacuum that Xi Jinping is more than happy to fill.
Mexico To Buy Twitter?
“Instead of spending its precious reserves to defend the peso, Mexico should just buy Twitter Inc. — at a cost of about $12 billion — and immediately shut it down.” They’ve got the money so what the hell, right?
It’s A “Clearly Artificial Regime”: No Love For The PBoC
Last week, we witnessed a truly epic short squeeze in Hong Kong. Soaring deposit rates,
More Cold Turkey: Is It A Currency Crisis Or Not?
On Wednesday, in a post that was simultaneously tragic and hilarious, I documented Turkey’s unfolding
Daily Kickstart (Currency Chaos Edition)
The pound gets pounded while the RMB remains volatile. The offshore yuan posted its largest two-day decline since last summer.
Daily Kickstart (Jobs Edition)
Overnight I quoted Goldman on the way to explaining why a short yuan bias was
PBoC: “Listen To Me Shorts, We’ve Got Your Head In A Vice”
“Don’t make me be a bad guy”…
These Are The Two Main “Risk Scenarios” For Markets
There are a lot of things you can say about Heisenberg, but one thing you
Geopolitics Rears Its Ugly Head As Russian Ambassador To Turkey Assassinated
Update (via Stratfor): The attack comes at a bad time: Moscow and Ankara have only
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