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560 Pip Plunge In EURUSD In Two Days
For all those lamenting the sad fate of "commodity" guys, we suggest you save your tears for the FX brigade. Levered between 10 and 100 times more, the recent 560 pip move in the EURUSD means that at least one macro fund, who has not hedged FX exposure, has gone under. Oh, and this whole move is nothing but a EUR hit job. There is no chance that Greece will leave the eurozone (at least not for a long time and not voluntarily).
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dead cat bounce
Dead cat bounce?
Or
Pussy banker manipulation?
It is obvious Greece does not want to pay and they have the cards to play.
Euro is in a deep shit. How the Euro-zone will handle the crisis is another issue. Also obvious is that Greeks are not fu*king Irish bozos.
For once, it makes a refreshing change from lamenting the demise of the $ day after day
;-)
As hyperinflation sets in, decisions will become increasingly fast (sort of like a game show like Jeopardy.) As errors are made, explosions will be heard. I got into a discussion with Mauldin over this: he said hedge funds would become important to negotiate the high-speed decisions (in his first book), and I said (in an email) people will simply take their capital elsewhere.
That cat has left a small crater deep enough that the bouce wasn't detectable
Osama bounces?
What's the end game? this is preposterous.
Mussoilini soccer game
end game is Euro, Dollar and Sterling join hands and jump over the cliff together
Silver & Gold Bitchez
Dont forget the yen
EURUSD continues to tank. Breaking below 1.44 with force.
IMF says 'NO COMMENT' on report of Greek Euro Exit bid.
http://www.entendance.com/forums/viewtopic.php?f=17&t=783&p=16811#p16811
How does one respond to the argument that the dollar will remain the world's reserve currency because of the tens of trillions of USD denominated financial promisory notes all over the world. If an event occurs that triggers worldwide asset write-downs, wouldn't that make the US dollar and treasures the most wanted assets on the planet, just like in 2008? Doesn't that mean the dollar is going to go much higher?
Going much higher by what measure? The DXY?
At what point will paper decouple from physical - in all spaces, e.g. food, oil, metals. IMHO, measuring the strength of the dollar via DXY (other toilet paper) is an odd proposition at best.
This guy calls it right on the money! Big Balls...and the hosts of CNBC get shocked. LOL
http://video.cnbc.com/gallery/?video=1906892049
Funny. I just love how the CNBC airheads have no ability to defend The Bernank and FED but do so anyway, always reduced to just chuckling out their lame defense against a severe ass-whoopin, like 'how silly that statement is but Im unable to reply, so heres my smirk to put you down'.
This guy speaks with such confidance, he just overwhelms the idiot hosts. This is a classic, that is why I posted it. At the end...they are silenced.
Lol. He called Bernanke, Bernank.
Sounds like a ZH reader.
Gotta, love the awe struck response from the 'tard CNBC flunkies
+111 that's exactly what I thought
I think he might be Tyler
You caught that....I think he is familiar with the bears!
Not just "Bernank", but "The Bernank". Def a ZH reader..
"The Bernank" in fact :)
"quantitative guessing part 2 from the bernank" i lol'd
We definitely have a new reference to entertain us telling the unpallatable truth besides Hugh Hendry, hehe.
Keith McCullough of Hedgeye Risk Management say hi if you're reading us.
I see. So in one week, Obama can claim to have:
1. Nailed OBL
2. Crushed price inflation in commodities
3. Lowered the price of Gas
4. Delivered a 'Strong Dollar'
That's a hell of a way to start an election campaign.
I guess he's moved 'Achieving world peace' onto the agenda for next week, so he can have a nice Friday afternoon round of golf.
18 months left. What will he be doing next week, handing out free ice cream and cake?
...and reading every night before going to bed 10 letters picked randonmly from the pile of letters send to him...
Why do you think they won't leave? It seems to me that Iceland has done quite well for itself, despite bankster calls for blood. As powerful as they are, the banksters don't seem to have the ability to invade non-compliant european countries.
The best reason I can think of is that they own a lot of their own debt, in pension funds and bank reserves. Destroying its value would not be an appealing prospect to the Greek Government.
Yep, additionally, as members of the EU, they can continue to issue shitty debt paid for by taxpayers in other countries. Greece will stop sucking on the Euro teet as soon as I stop sucking on tits....it ain't gonna happen.
Also, I doubt the milk will run dry.
If the right leaning parties in europe get more power they will yank that tit right out of their mouths.
But thats the only way you get free titty away from me either.
there you go...you called the TOP...Greece is the problem...as soon as we fix it everything is okay in lalaaa land...
leave the politics alone...go call the TOPS...
Seems to me they could just structure a deal where they switch out Euro debt for Lira debt with their domestic bankers, if they really wanted to help them.
Remember, banks are (or should be, at least) separate from the government. In Iceland, they kicked the bankers out, and all was well. They didn't get to relive the excess, and had to live within their means, but at least they aren't slaves any more.
Italian or Turkish lira?
http://www.radioliberty.com/stones.htm
Interesting message. If only evil ones didn't control the military, the Stones vision might be possible. I looked it up on wiki to see if this is real -- and it is. Funny how the religious nutcases profess it to be satanic. It figures.
Oh great, another group of assholes telling people how they should live...because, you know, whoever they are, they "know best"...even though they're so chickenshit they have to erect this monument anonymously. Of course they had to do this anonymously because the person next to them might say something to the effect of, "oh, you want to reduce the world population to 500,000,000...you first"...bang.
Come on, people of Georgia, someone out there needs to grab a rope and a pick-up truck, or better yet a front end loader, and make this into a neat little pile of rubble.
The manipulations, the hits, the lies and fraud. It is all about resources (scarcity) and prolonging the status quo. That is all.
USA government = biggest criminal terrorist history has ever seen.
+1
+2
+...
+Brazillion
Just true...
sry, but have to call BS on that one
I don't know if I agree. I actually think there is a chance Greece will leave. 2 year bonds @ 25%? That's worse than when the Eurozone agreed to the $1T bailout.
the problem is the Greek people aren't playing the EU or bankers game. The Greek people (public sector, students etc) are out on the streets every day against all and any cuts. The politicians are making deals their people won't accept
politicians need the people (more than the people need them). Without wide public support for any austerity the politicians are living on a knife edge. They sign the obligations. So if they're ousted where does that leave the EU, bondholders and banksters? Holding an empty sack of promises
the EU, bondholders and bankers are shitting themselves they'll lose all their money, the politicians are shitting themselves they'll be out on their arses and the people are just getting more and more wound up: Point Break!
but who cares about politicians, bankers, bondholders and the crumbling EU... the Greek people should just un-hook themselves from the whole sack of shit (debt) politicians have created down the years with the ultimate democratic decision: zero Government
Super-charge that: http://www.youtube.com/watch?v=tHbFOt9n_cc
Euro hit job?
There are always people badmouthing stuff. I should know.
How about a little mean regression when things are overextended.
Euro syndicate won't accept this... it would vindicate too many eurosceptics and other undesirables and they won't be able to rape and pillage anymore... and their precious Fabian dream of a United Europe will evaporate... instead they will just print like crazy...the Greeks know this... are master poker players... and are blackmailing the Europeans - essentially they asking them to cover all their debt for free ... if Fed can print $2.7 trillion I am sure the ECB can easily manage a similar amount... this will cover all PIGS debt
might have an effect some day on the currency... but the US has done it and got away with it... why should the Europeans? and what is a bit of prospective hyperinflation compared to securing the dream of a united Europe?
Amen, brother.
Good ol' fashioned hard ball negotiations by the Greeks, and designed to capitalize on most decisions being emotionally driven, as opposed to rational
Both the USD and EUR have the same intrinsic value... worthless sh*t.
Spend them while you've got them on something that will do the correct job of money, and that is to store your wealth.
With everyone running from one side of the boat to the other so frequently now, somethings gonna tip over soon!
I don't believe it....this is hardball, european style. Leak, deny, say something else, do photo ops, then roll in tanks and murder one another again. Its been few decades since they've wiped-out 25% of their population, time for a reset!
Exactly! And all this is an exact replay of the 1st stages of war in Europe from the turn of the last century. First starts with currency wars, then before you know it there are battles with rifles and mustard gas. Soon!
EURO HIT JOB INDEED!
But what happened to the good old days when these jokers came out with stuff like "The Nazis stole our gold!" story?
I don't expect them to come up with something as hilariously whacky as the Russia/Ukraine gas thing; but they could be a little more entertaining given the astronomical sums of money they're taking out of the currency markets!
No chance Greece will leave the EuroZone? Is that kinda like there is no chance of ....fill in the blank?! Whenever my ears perk up because they are hearing someone say, "No chance...", my presumption is that the ..."fill in the blank", is imminent, assured, and the clock is tick, tick, ticking. What we are seeing is that little human quality called, let's see what is that, oh yeah, yeah, now I've got it, ah huh, that's the ticket! whooo, it's called "self-interest." The world is going to a trade war, closed borders, and reverting to nation self-interest. Those in the United States should learn a new word (well not new really, a bit shop-worn even, but still good for a ride, and that word is "jingoistic".) We are destined to American Jingoism. As with Merkel's statement that "diversity" in Germany has failed, the viable view notes that "diversity" is very one-sided; the strong give to the weak, and the weak take and take and take until the strong BECOME the weak. And that's why we are hearing the hue and cry that America is done for. The rest of the world knows that you don't destroy yourself (only Western countries such as America, Germany and UK have been so stupid as to deliberately destroy the social glue of race affinity and identification; majorities are a good thing: they prevent tribe fighting, ya'll have heard of Rwanda right? Time for America to buck it up, end the foreign invasion so that our children will not be Chinese slaves (ah they so waaaant that; for years making cheap trash for you, storing up the bitter pill, tucking it away, hoping, breathing for the moment of payback. We saw a glimmer of this when the Chinese premier Jiabao arrived with the "air" of a conquering hero, someone taking inventory of his de facto subjects. So it's clearly going to start getting ugly, my little kumquats. Trade wars are here and the word of the day, oops word of the coming decade if you want a country for your children: Jingoistic. And what's wrong with that? As they saying goes, if you don't value it, you lose "it" ("it" being in this case the shore-to-shore great country now known as the United States of America. Time to shut those borders; end accomodation to Chinese business (washington State, Gregoire is giving the state away to the Chinese to fund her welfare programs; the entire dam state is now the gutter trash from across the nation, come for the benefits. Oh sure, a few of those internet companies are there but the tax burden is horrendous and that sound you hear is the same heard in California a few years ago; business is leaving Washington State faster than a monkey seeing a banana at the bottom of the slide. Just saying. Jingoistic. And what's wrong with that? We've been too stupid for decades (fed those white or American or successful or anything except the trash of the carnival on tv, is "bad".) This country had the chance to mend relations between blacks and whites, adn now we better be looking at the Mexicans and Chinese, who have no remorse about pushing us off the cliff. Jingoistic. Tastes good on the tongue. Yum. And long overdue. Hey Donald Trump...how come he has the kumquats to call out Oboma? What the heck has happened to this country we think you don't have to Show Us what we want to see: College Documents, anyone?
Paragraph breaks, anyone?
Whether or not this was a hatchet job, at least we got a glimpse of what the market prefers. the eurodollar says we like it better if Greece were not part of the euro. I guess its like gangrene...you need to remove the rotten parts to save the body. But seriously, Ransquawk are going horse denying it so would anyone be surprised in good old Papandreou did suggest it? Good old Paps, trying to call the shots when he's got no shirt on his back!
Low in the USDX could be in for a very long time.
Long live the U.S. Dollar!!!
Now if only the Fed can print faster, the dollar can go parabolic like the Yen.
All the guys hanging on to the words of General Jim were slaughtered this week.
Youre a fucking retard. How much does your brother in law Tyler throw you per post for your little clown act here?
He seems obsessed with "general Jim." Is it some kind of daddy thing?
For every king's court, a jester...
He's right dollar going higher. Fundamentals don't matter. Haven't since July '09.
What matters is everyone is short the dollar and they are about to be margin called straight to hell a la silver.
The global currency war is just getting started.
There are some fundamental Oligarchic truths in EU :
Germany decides and Greece follows. The people in Greece have never chosen anything since two hundred years. NEVER. So don't expect the Greeks to chose future. The local Oligarchs who pay no taxes will decide with Germany. And the Greeks will sink further into third world status, like Ireland, like Portugal. This is the new paradigm of feudal world.
As for this weeks EUR/USD plays it is pure, ongoing currency war play. Germany wants its export margins to improve in current slowdown. SO JCT slow peddles and lo & behold the Euro falls. 'Tant pis' for the HF speculators on a Euro roll...Now its roller coaster ride all over the place with Oligarchs manipulating on both sides of the pond and talking to each other to keep Yen within bounds...Mad hatter's party.
Euro hit job to improve the notional platform of the USD for more money printing by the US.
Scaling up fiat is not as trivial as people think. The empire needs to happen though. You might call it "the heavy lifting".
I haven't touched the EURO since December. Unless it is hedged against the Yen OR GBP!
I love the way we point our fingers over to Europe when here we are with the poorest fiscal outlook of any of them. The only difference is that we can print and our currency is the world reserve. Our individual states are in worse shape than most of the Euro-states.
Good point. However we all speak English, (SARC on) and we are a young country!
USD a strong currency?
For me it seems like to drunks trying to get support from each other...
Asian and all other currencies...leveraged bets on world economy...where can you go?
That barbaric relic, which only produces holes in the ground?
ZH needs someone on staff who knows how to chart and draws some trend lines instead of what you are p[utting up, all these commodity moves and the euro have all fit the pattern so far. the question is what happens today!!! we are back at medium term trend baseline.
This is fucking unbelievable after Blythe just rip me off almost all my fiat money within 4 days, I made ‘all in’ stake 100x leveraged short EUR/AUD and guess what… my money is back.
I love Greeks, I could possibly make love with Blythe (Greek way of course to make that bitch suffer)
That is just plain WARPED. Blythe is a child and we know that.
Nevertheless I like taking the sauron eye by brute force
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Greek way to make love? So Blythe is a male? Well, that's what I suspected
Remember, just hit 'save' 1 time.
Sweet!
weekly reversal on eur/usd. back to 1.20 very fast
aud/usd and usd/cad both reversed as well.
THE DOLLAR WILL RISE AGAIN.
BEARISH FOR COPPER,SILVER,GOLD,STOCK MARKET
R/B you are hittin the long term charts. Are you becoming a chart reader?
AUD/USD is going to flat - short EUR/AUD instead
or leverage as far as you can and buy Greenback (next you can prepare to jump)
Its not a 'greenback' its a Federal Reserve fiatsco. Theres a big difference.
My aud/usd call is@ .9600 I'm sure some Banksters are looking @ a 10 large move. Based on my GBP/AUD move over the winter.
Oh no it's Erin Burnett's last day at CNBC!
The horror!
http://video.cnbc.com/gallery/?video=3000020520
Give her my BEST.
The GREEN never surrenders
EUR/USD trade -
everyone had to barf up to pay for this
as an aside: no wonder commodities got schellacked -even the strong hands who held golden eggs to bring them to the- teller window, along with everyone else with oil, corn, and -soybeans to get money for margin calls (SLV is on their 4th? 5th? and GLD?) or to cover losses from the EUR/USD trade plunge.
I think the 'tell' was in cocoa - one day its down, the next day its up by the same amount. Is the Ivory Coast a rugby match that gets scored daily between factions or is this selling a show of the weaker hands getting out to
get the USD$ to cover the EURdisaster? Me thinks it is the later, not the former, which is why I smell coordinated attacks against fiat enemies compounded by opportunistic Thursday/Friday pump/dump the news about Greece leaving the EU.
The problem with retail investing is that nobody can access Aussie/Taiwain/Hong Kong on Sunday to take advantage and instead they have to wait until premarket in the USA. Only the big players can operate trans-globally overnight and that tells you something else if only you read the tea leaves.