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DXY: 81+

Tyler Durden's picture




 

The dollar funded carry trade is now over.


 

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Thu, 02/18/2010 - 18:37 | 236477 Mongo
Mongo's picture

Unbelievable!

Thu, 02/18/2010 - 22:08 | 236908 strike for retu...
strike for return to reality's picture

http://en.wikipedia.org/wiki/Hu_Jintao throws out a big thank you to Ben and Timmy for helping him unload the green paper.

Thu, 02/18/2010 - 18:39 | 236479 Anonymous
Anonymous's picture

Demark countdown says higher

Thu, 02/18/2010 - 18:39 | 236483 JJP
JJP's picture

whats the new program

Thu, 02/18/2010 - 18:40 | 236487 dnarby
dnarby's picture

...Did someone ring a bell over at NYSE?

Thu, 02/18/2010 - 18:41 | 236488 Chopshop
Chopshop's picture

entirely believable & easily predictable.  good look, TD.

Thu, 02/18/2010 - 20:42 | 236783 Simple
Simple's picture

lol ..of course as always afterwards... i see already clowns at msnbc ..

1 year ago everybody were yelling USD is dead...

Thu, 02/18/2010 - 18:43 | 236502 Anonymous
Anonymous's picture

Market bulls are using the 'telegraphed' and 'expected' rationalizations left and right for the hike. If I was bullish on the markets and I heard those rationalizations I'd sell quickly - I'm already bearish so I get to ride with a tailwind

Thu, 02/18/2010 - 18:43 | 236503 Anonymous
Anonymous's picture

thats strange, didnt you say it was back on just a few days ago?

Thu, 02/18/2010 - 18:44 | 236507 Shameful
Shameful's picture

Go dollar go! Get some you leper with the most fingers!

Thu, 02/18/2010 - 18:50 | 236517 Anonymous
Anonymous's picture

Thanks Zero Hedge for all your research and hard work.

Thu, 02/18/2010 - 18:53 | 236523 Anonymous
Anonymous's picture

A short term gimmick to take LT treasury rates down a bit ? 5/7/10/30 year yields have been awfully bubbly lately !!

Thu, 02/18/2010 - 19:03 | 236542 Hephasteus
Hephasteus's picture

This is really putting a KA in the KA boom. This is heading towards a this is the worst day since yesterday pattern. A nearly full point move is a huge unwind. This has got 3 4 hundred billion written all over it.

Thu, 02/18/2010 - 19:20 | 236595 Anonymous
Anonymous's picture

I must be missing something here, in what way is a .25 hike "a nearly full point move"?

Thu, 02/18/2010 - 20:15 | 236744 girl money
girl money's picture

Nearly full point move on the US Dollar Index, .DXY

At 6:30 pm, it was up to 81.13, a .75 gain, or .94%

Thu, 02/18/2010 - 19:08 | 236559 Anonymous
Anonymous's picture

The Euro is in a free fall..........

Thu, 02/18/2010 - 19:10 | 236567 johngaltfla
johngaltfla's picture

KA

BOOM

 

This will cause a huge unwinding....fan meet shit.

Thu, 02/18/2010 - 22:23 | 236928 Hephasteus
Hephasteus's picture

It's alright TPTB already got a smoke cannon ready to throw out in the field.

http://tech.yahoo.com/blogs/null/160657

Kind of funny. Those fucktards at DELL build a massive cpu machine and those fucktards at Sandia National labs. Put it on nice huge pipe and then booted up a couple million kernels on it. Under the guise of studying botnet functioning which normal botnets only need a few thousand participants as it swamps backbone bandwith anyway.

So it all makes you wonder EXACTLY what are the fucktards up to.

Fri, 02/19/2010 - 02:14 | 237213 Anonymous
Anonymous's picture

Especially with so many "reports" in the "media" using terms line "Scary threat" ... "they'll steal money from your bank account" ... "there's nothing you can do to protect yourself, because anti-virus software doesn't work with this virus." And only the government can protect you (in exchange for less privacy/freedom/money). Same old, same old. To me it sure smells like a set-up for the next level of freedom-destruction and control. And it's to be expected if/when this next leg down takes off.

Thu, 02/18/2010 - 19:28 | 236620 VegasBD
VegasBD's picture

Is dollar carry trade funded thru the discount window borrowing?

Thu, 02/18/2010 - 19:37 | 236653 ATG
ATG's picture

The shot heard 'round

the world. Oh yeah...

http://www.jubileeprosperity.com/

Thu, 02/18/2010 - 19:43 | 236671 cougar_w
cougar_w's picture

81.18 and straight up.

...

Thu, 02/18/2010 - 19:46 | 236681 jdrose1985
jdrose1985's picture

WAIT!

Oh i'm so fucked because i sold my house, wife and kids into slavery to leverage up on gold at 1220 like GG told me to?

 

Dead Presidents, bitches.

Thu, 02/18/2010 - 20:56 | 236812 Hansel
Hansel's picture

Nothing about the way these clowns have been operating makes me want to put my wealth in their currency.

Thu, 02/18/2010 - 23:11 | 236994 jdrose1985
jdrose1985's picture

Precisely.

 

Prostitutes are for rent, not marriage.

Thu, 02/18/2010 - 19:49 | 236687 jm
jm's picture

Oh, Bill Gross.  First it was Bunds.  Gotta blame this goof on Rio.

Thu, 02/18/2010 - 20:06 | 236723 mynhair
mynhair's picture

Let me know when it hits 82.

(Rubbing it in.)

Thu, 02/18/2010 - 20:33 | 236764 Unscarred
Unscarred's picture

+1

Thu, 02/18/2010 - 20:19 | 236748 Anonymous
Anonymous's picture

If I recall correctly didn't someone buy a boatload of UUP calls just a couple weeks ago?

Maybe the SEC will get on this..

Thu, 02/18/2010 - 20:46 | 236792 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The Doelarr was having trouble getting seated on it's highchair.  Daddy needed to help.

DXY to climb to 82-83 and will spin it's wheels there.  Gold to stay at $1100 for a week or so.  Then gold to $1200 by April. 

Thu, 02/18/2010 - 21:47 | 236888 ozziindaus
ozziindaus's picture

DOW 10,000-10,500

SPX 1,000-1,100  and

$1,200 on gold were the targets set by Prechter and other notable deflationists months ago. They also predicted, through wave counts, an impressive multi year rally on the dollar. 

Thu, 02/18/2010 - 22:17 | 236922 Rusty_Shackleford
Rusty_Shackleford's picture

Multi-trillion dollar yearly deficits as far as the eye can see, States insolvent, 2 foreign wars and another pending, FIRE economy destroyed,  unfunded entitlement mandates,.....................and a multi-year rally in the currency?

 

Hell, why not?

With all the crazy shxt we've seen over the past 2 years, anything is possible.

Fri, 02/19/2010 - 09:21 | 237359 trav7777
trav7777's picture

Yeah...debt deflation against rising borrowing by the government and rising service costs actually makes "dollars" more scarce because the only way to get them is to borrow more.

If the USG cannot fund with real money, the only source is to have the Fed buy the issues.  But it's still a loan...they just have to pay the Fed back by taxing someone else's dollars or else borrowing someone else's dollars to do it.

The debtmoney system makes these paradoxical conditions of bankruptcy plus rising currency possible.

Thu, 02/18/2010 - 21:58 | 236898 A Broken Bear
A Broken Bear's picture

DXY is impressive but the AUDUSD isnt so impressive, the AUD is sitting pretty at 89cents as of writing this. 

Thu, 02/18/2010 - 22:43 | 236964 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is such BS...the doelarr is DEAD!!  WAKE UP!!!

Thu, 02/18/2010 - 23:17 | 237005 jdrose1985
jdrose1985's picture

You wake up. Gold is not the answer you're seeking.

Fri, 02/19/2010 - 14:56 | 237856 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

and what do you know about that which I seek?  I seeketh knowledge and truth.  "Gold is not money by nature, but money by nature is gold."  I also like silver, '85.

Fri, 02/19/2010 - 00:27 | 237097 D.M. Ryan
D.M. Ryan's picture

That leap took place on the heels of a record long postion by the non-commercial players in the dollar/Euro contract. Except for the ones who got skittish, margin-called or stopped out, there are going to be a lot of happy faces in that crowd.

How long before we start hearing "Dollor bitchez!"?  

Fri, 02/19/2010 - 00:59 | 237142 Anonymous
Anonymous's picture

Wait until you see what happens to the dollar in the next 30 days! It will blow your mind!:))

Fri, 02/19/2010 - 10:26 | 237435 zarrmax
zarrmax's picture

For those that are interested, I posted this 2 days ago....

on Wed, 02/17/2010 - 12:43 go longer and you'll see the bigger patern. '01-'10 chart shows a double bottom with a $108.00 prediction which sounds crazy until you look at a fib retracement. $108.50 is the 76.4% retracement of the 2001high-2008low.
For those interested here's the long term fib resistance levels for the DXY:

23.6%- 83.058
38.2%- 90.099
50% - 95.789
61.8%- 101.479

I don't think DXY will retrace all these levels but I do believe if you cancel out the every day noise, 83.058 and then 90.099 is realistic.

Mon, 04/19/2010 - 08:18 | 307562 Tom123456
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