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Dollar Breaks As USDJPY Falls To 15 Year Low Of 80.84
Are banks merely using today's TIPS monetization proceeds as collateral to short the crap out of the dollar? Or is this a typical "take out the stops" shakedown: one look at the USDJPY below tells you all you need to know about who is winning today's FX offensive.
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this is absurd.... world's most crowded trade, getting more and more ridiculous.
BOJ needs to grow some balls, right now they look weak and retarded.
and like magic, yesterday never happened...
Exactly. Yesterday has not been re-priced in gold and silver yet, however.
always seems to happen that way, doesn't it
Yes your correct, like magic it was just a bad dream.
Some ones unwinding.....
Heavy stops at 80.70. If it can punch through that expect some intervening if it hasn't aready started.
expectations of QE failed to materialise equity buying, break the dollar- that might do it... do it now an do it quickly, before the banks collapse!
I guess China's 0.25% interest rate hike is ancient history.
Lets try and get more negative news up on this site. I guess this is were defeated bears come to lick there wounds.
wow, you are a very simplistic person.
i guess the old saying that ignorance is bliss really is true.
WiseKey,
i thank u hav miss pelled sum o yer wirds thar.....
A plunging dollar (clearly showed in the chart) is only bad news if you mind paying more for food and gas, worry about the reserve aspect of the currency, and don't believe in all of the academic research that competitive devaluations are ultimately unsuccessful.
If you view the world narrowly through the most recent stock quote, then yea, no problems here.
Yahoo has some really nice stock forums...
Why dont YOU give us some great news then whiskeyrunner! 'Lick there wounds' lol try again.
More like a bullfight, where bulls come to have holes punched in them as they run towards the red flags.
Guys,
This is serious. It seems there is going to be a lot of distraction coming from UFOs. You heard right, UFOs.
http://www.youtube.com/watch?v=5DfsjWc8h-U
http://www.youtube.com/watch?v=HRKnGnjjLY4
http://www.nydailynews.com/ny_local/2010/10/13/2010-10-13_mystery_shiny_objects_floating_over_manhattan_spark_ufo_frenzy.html
I'll like to get your reactions. Could it be that government is planning to control people and countries (including markets and economies) with this kind of stuff? I've seen plenty of conspiracy stuff & UFOs theories in Youtube. But is it actually happening?
http://www.youtube.com/watch?v=bd2B6SjMh_w&ob=av3e
Spalding, I get your junk and video post. Just check it out. The video cameras are from ABC and CBS News recording everything that is happening in Manhattan on October 13th during the day. Other news are reporting the same all over the world.
That is why i said it was serious. This could mean a lot for society.
I watched the first video. Thats what I junk'd.
The second video, well they have been selling the ufo crap for 50 years....
http://robotics.eecs.berkeley.edu/wiki/pmwiki/pmwiki.php
Would not be hard to put on a show in 2010 for the people.
Well, I'm the biggest UFO sceptic around, but I have seen some weird shit the last couple of years. I live in a rural area about 50 miles from Nashville TN. Last June, I was hanging out in my backyard just after sunset enjoying a cold one, when I noticed a very low, slow moving, triangle shaped "craft" moving silently above the trees. The most striking aspect was the shear size of the craft, it was huge, yet silent. It passed directly over head and was in sharp contrast with the star lit background of the sky, no running lights, no strobe lights, no navigation lights, nothing, just one gigantic, black triangle.
Funny you should post this today, because just last night, another strange sighting. At about 8:30 PM, I heard what sounded like an invasion of Helicopters, I stepped outside to see what was going on, and I almost shit myself. Okay, there was a total of what appeared to be 8 military Blackhawk helicopters, and one Bogey flying along at a VERY low altitude. The Blackhawks appeared to be escorting the Bogey, 3 Blackhawks leading the way, then the Bogey, then 4 Blackhawks following close behind, then one Blackhawk or smaller helicopter flying in a standoff position. Again, the Bogey had no lights, and appeared as a large, black object against the sky...any ideas??
no ideas Rusty, but mad props for that post, given the likely audience reaction "here" - *grin*
I've witnessed a few unexplained sightings over the years, and tend towards a more open-minded approach to "reality" - in that it's impossible for me to know everything, so entertaining the "new" is not frightening, nor challenging to the mindset - rigidity always meets resistance / shock, staying fluid. . . flows.
anyone else remember the reuters story released end of week, saying some "high ranking" military were arranging a press conference the following monday to speak of extra-terrestrial contacts kept secret over the years? of course, didn't happen/can't find the story - but it was linked here, maybe from september?
ahhh, everything's up in the air now, lol *wink*
Operation Bluebeam. It has been planned for years. Do not panic, and tell your friends and family not to panic either. Just sit back and enjoy the show.
Thanks Horatio. i dont recall exactly operation bluebeam, but I'm pretty sure I've seen it in one of those youtube videos. Aren't they going to project some stuff in the sky. I don't blame people that junk me, because it sounds pretty junkable stuff. It is starting to sound real.
This stuff came out on ABC and CBS news on their video cameras. So, it is starting to come out to the masses on MSM
"Aren't they going to project some stuff in the sky" - yes, but it goes a lot deeper than that. Just wait until 'they' literally set fire to the sky. I can't wait to see some of the shit they will get up to. We are living in very interesting times.
omg, a quick search/read of operation bluebeam turned up some great stuffs Horatio, thanks for the tip.
apparently there will have to be some "massive earthquakes" and other biblical-type e-vents to pitch the hysteria. . . all those extra aerosol skytrails of late, aluminium & barium layers in the atmosphere, they're obviously tuning up the haarps for surprises, heheh. . .
wot a world.
These Aliens from the planet Mongo have come to buy (at par) all the toxic sh*t the Fed currently has on its balance sheet.
"Take me to your Ben Shalom!"
with "space cash?"
www.southparkstudios.com/clips/224688/no-space-cash
No, dilithium crystals.
Very pretty ones. Lots of them.
Those are going to be worth twice as much as lithium mining stocks one day. And that is a lot.
There's an Ambassador for that...
"UN 'to appoint space ambassador to greet alien visitors'" - http://www.telegraph.co.uk/science/space/8025832/UN-to-appoint-space-ambassador-to-greet-alien-visitors.html
One has to laugh. They must think we are stupid or something. Oh wait...
No matter how cynical I get, I just can't keep up.
Oh my goodness. Really? I think in uncertain times people turn to comforting stories about aliens and vampires and whatever else. We like to think there are some super-beings out there with amazing powers. Takes our minds off the fact that we are specks of dust in the cosmic scheme of things - specks of dust who have to get used to the fact that most will be living mundane lives struggling to make ends meet.
Yep, actually happening.
Dude, you shouldn't have stopped taking your clozapine...
If i was you BS i would start digging that bunker, you need to hide yourself.
OK...
Who forgot to lock the doors, for crissakes?
Hedge Funds are dumping the USD for two reasons: 1)Medley's comments about QE II happening soon, and 2)the belief that at the G20 meeting this weekend there will be another "Plaza Accord" where everyone accepts a one-time devaluation of the USD. I do ot agree with either one but these are the rumors. Note that besides Merkel's bearish EUR comments, the Portuguese opposition leaders refused to accept the new austerity budget, again negative for the EUR.
i think it has to test 79.5
Yes but, holy shit, can you imagine the uproar when it trades through 80?!?
I sell Japanese vehicles and the mfg is/has been making an uproar to the gov't. As you know, things are crazy and getting crazier by the minute.
Uproar? There will be rejoicing. Stocks will continue the upward trajectory and happiness will rule the land.
Uproar? France. Thats an uproar. Here, The only uproar you will get is if they cancel Dancing with the stars.
Bingo. Just give them posters of Emmanuel Goldstein to scream at.
Agreed. Been my feeling since the story "broke". Elections coming, you won't hear about this much longer.
Seriously I was a USD/JPY trader in 1995 and hit a 79.50. USD never went lower. Needless to say, I'm no longer a FX trader but I should have kept that trade ticket.
Chart: DX
No big deal.
http://99ercharts.blogspot.com/2010/10/dx_20.html
"Paging Masaaki Shirakawa, paging Masaaki Shirakawa. Please log into your FXPro account and sell some Yen"
Done. Bounce subroutine initiated.
Whoooooop! Daaaaare it is....
Whoooooop! Daaaaare it is....
Like I said last night, yesterday would be forgotten by lunchtime today. A big gigantic rug is being lifted as we speak with the mortgage mess being quickly swept under it.
Wonder what the next "almost crisis" will be?
Wonder what the next "almost crisis" will be?
UFOs
Ayup - while this link is to CNBS it is Diana Olick: http://www.cnbc.com/id/39759248
The spin from the Administration has begun.
"
Then, on Sunday, the game began to change.
In a Huffington Post post, HUD secretary Shaun Donovan began shifting the conversation back to the housing market, ever so-slightly, tucking it in while still calling some foreclosure practices, "shameful." Then yesterday we were informed of an "Administration-wide meeting with key federal agencies and regulators regarding the ongoing foreclosure processing issue." Closed to press of course. The HUD Secretary, Treasury Secretary, folks from Justice and other top regulators are confabbing this morning, to what end, I really don't know. As a precursor, Secretary Donovan took to our air this morning and made a rather bold statement: "We are not finding any evidence of underlying structural issues that would make [mortgage] securitizations suspect or otherwise." He stressed that banks need to be held accountable for any paperwork issues, but then he launched into his real message. "Where we haven't found issues, we need to make sure that homeowners that are sitting in limbo right now, waiting to buy homes, neighbors who are seeing houses sit vacant in their communities, that we move forward." "
People were a little over-reactionary yesterday to a small correction.
Let's hope its a shag carpet.
whats a TIPS monetization proceed?
Engrish? "Prythee no sport with stingy or play asperity game. Winding finger have got bloodstream not walk. Through of peril."
Isn't there an arbitrage play here? USD/JPY plunges, Dxy plunges, EUR/USD...not so much.
And why haven't gold and silver re-priced to the plunge?
"And why haven't gold and silver re-priced to the plunge?"
Blythe worked awfully hard to establish all those fresh shorts yesterday. She's doubling-down today in an attempt to keep them all above water. She's hammering back every bid below 1346.
Now, a move through 1346 on the Dec10 and you will see a very quick, short-covering pop back to 1360. If the USDX stays where it is or gets weaker, this'll happen before 1:00 edt.
Blythe
So that's the bitches name.
OK now to make a doll with some hair pins.
No way! I love that women with every fiber of my being! Has any other women ever held down prices for you so you can back the truck up and load up? I feel like I should be sending her flowers. My only complaint is she can't really get these prices down for even better buys. Remember she won't be able to bleed money out forever, sooner or later people are going to crowd around for physical and the game is over.
When my chinese delivery hmong wants to discuss the yen carry trade... time to build the bunker.
3 handles down, 3 handles up - make hay with the Euro while you can.
Pretty much over as quickly as it began. Dollar heading back up with some steam.
Not so fast, Harry.
The cash USDX will touch 77 before it's "over".
The question will be what's next...
Market will buy the "this will blow over" aspect will the help of a zillion talking heads and BAC will be up 5% tomorrow. The market will follow with Dow triple digits.
Just how these things work.
Turd: I was referring to the USD/JPY fall referenced in the above post not the dollar index.
these """markets""" are disfunctional spazfest jokes
total economic collapse will result
damn the fed and banks for delivering us into this
China buying Yen is my guess. Let the currency wars continue!
SOMEONE got a MASSIVE Margin Call yesterday. Can you imagine? With Aapl, IBM, Precious Metals all down HUGE. Dollar up HUGE. The Traders must have had Billions in losses. Everything the MO MO crowd were in traded drastically lower. The are just trying to get back to even or at least sell some of their positions higher than yesterday.
Hey Gensle, Dunn, Sommers, O'malia do you fucking job you scumbags.
Chilton, kick them in the balls ffs.
The CFTC is a pathetic joke.
http://news.silverseek.com/SilverSeek/1212764222.php
Aside from momentum, does the yen have anything going for it? Anyone want to make a case on the fundamentals?
This was telegraphed to all .. 79.74 gettin' closer to money good on our way to 75 and beyond.
Its China diversifying dollar assets (selling dollars) into non-dollar assets (buying yen, eur, raul, etc). This is why (I speculate) timmy wants to call them out as a currency maniplulator. Its not just yuan pegging, but outright accelerating of dollar selling by China. No one knows what PBoC is doing, except timmy, summers etc maybe some congressmen other CB's. But I bet when QE2 lite was announced, then a jackson hole speech that confirmed more monetization, really pissed off China. China then went defensive by ridding of anything tied to dollar (not sure if they are selling tresuries yet). China wants to do business with strong currencies to continue their exports, and right now they might realize Big Ben is not bluffing.
At least this is my 2 cents.
Sounds right to me. Except the part about timmy et al knowing what PBoC is doing. I don't think they have a friggin clue what they themselves are doing, let alone China.
Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
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