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FX Heatmap: Carry Trade On
As if the steep curve (aka free money) curve trade was not enough, today the global FX carry trade is on in full force. The yen is plunging against everything, the dollar is plunging against the euro, and commodity currencies are skyrocketing. It is the summer of 2007 all over again.
The Yen is today's whipping boy, weaker against every currency in the world:
Dollar (stronger against the CNY which moved down by two pips last night), but weaker against everything except the Yen:
Euro:
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Swiss intervention a few minutes ago. That was a fun ride.
Like playing Donkey Kong with billions. When shorting the Euro watch out for those barrels full of SNB Francs.
Yes. Euro soaring today, too. Greece? What's that? Spain? Never heard of it. Someone else said a strange word today. I think it was "Ireland". Never heard of that one either.
I guess the European Union solved ALL of its problems...
The Macro View
http://themacroview.wordpress.com
The Yen is today's whipping boy...
Yeah, it's being flogged by the BOJ.
Yeah right Tyler, fuck that impending crash talk, it has lost me enough money already. You are simply delusional. Markets are proving you wrong each and evry day and all you do is dig deeper into that markets are rigged and buyers are stupid and I am right rhetoric. It is over mate, you were wrong, they were right. That s it, time for you to accept defeat. You re macro view and economic analysis are worhtless.
Zexe, that's unfair. ZH is trying to give you a broad perspective. That doesn't mean you should not trade what you see. Understanding allows you to more accurately predict the possible outcomes. Nothing bad about that.
Yes, i know, I ve just had anohther bad day after countless bad days playing the short on the immminent crash awful fundamentals talk. I just needed to put the blame on someone but truth is it s all my fault. How the hell was I so stupid to think they will let the equities fall when they have the power and the printing press. They own us and can do whatever they want. The only thing i can do is to not give a shit on their game and not participate.
That's exactly right, dude. You can't trade on fundamentals right now, so the way I see it, if I don't understand the rulebook, I don't play.
Hold your cash. There will be much better buying down the road. That doesn't mean that you position yourself in front of an irrational market. (hold your fire till you see the whites of their eyes)
Tyler isn't wrong at all. If the market forces were free, we would already have had a correction - a major one, and then I would feel that we would be in better shape for the future. The fact is the "powers that be" are gaming the system - and in their minds it is the right thing to do - agree or disagree - they do think they are doing God's work - and making some money too.
I myself was not aware of how far the government and financial players were willing to go. Or even the depth of the collusion between them - that is where I think we were all naive. On the short term I think "up" is the very likely direction. Unfortunately you better watch your position - if something unravels - look out.
My belief now is that they (government and major financial players) will do ANYTHING to keep this baby up - and I mean anything. That is how I view it now.
Long term, at some point (hard to say when), the price we pay for being "up" now, is likely to be ugly. What will trigger that snap is hard to determine. So far the collusion bet is the winner.
Thats correct, i came to realize the extent of this collusion game too late. Thats where people here - myself included - were naive. Funddamentals don t matter, didnt you hear greenspan talk about how equities pull economy and not the other way around...if thats their view, you bet markets will not fall sensibly for a long time.
Zexe agreed, I got caught many times 12 months ago or so, knowing the pumps were pure BS and thinking theyd surely drop off. Nope, the pure total manipulation of the FED back then was not yet fully realized. Pretty sad how today we're now so conditioned watching the totaly rigged casino that people actually thing they can be ahead of that game! Cant be short, that wont work, and cant be long since youre not on Geithners speed dial list for whenever they DO run into the printing wall and have to dump it. Besides that, who could be confident to be long looking at the ultra low volume? The least hiccup sends it down and theres no one to pass off your falling shares to!
What to do? Just say no, for now.
Where the fuck did your douche ass read that this was an investment advisory website?
Do you trade off of the NY times, CNBC and Bloomberg as well?
Christ, you must be one of those retards that try to install an entertainment system without looking @ the instructions and then dial the call center to berate some poor bastard in Delhi.
The irony is that if I was trading off of the CNBC and Cramer I d have been way better off...si instead I got killed trading off of ZH...so yes, I am an idiot for trading on the right fundamentals and losing money. Instead, the clueless day trader going with the flow and Geithner and all made money.
I feel you've had a pretty bad day as well so let it all out :)
Forgive my ignorance...why is the pound always "strong."
Without reading up on it, is this part of the reason they are not part of the eurozone?
So, it appears gold spiked and now Kitco's site is unavailable. What's up with that.
I think Nadler's turning the chart upside-down.
Well something's going on. Just seems a little too coincidental that the site is unreachable when there's a big shift like this. Or maybe everybody and their brother is checking the site every 15 seconds. Still, if that were so I'd think I'd be able to get through at least once.
I finally gave up and went to goldseek.com
They're claiming 'technical difficulties':
I'm looking at bullionvault.com now, it's a pretty decent looking chart.
Jon must have had beans for lunch.
Thinking outloud here but doesn't ino.com gets their quote from Kitco, so how does goldseek/ino have it but Kitco doesn't? Maybe just a glitch or maybe not. hmmm...
ed. Nevermind Kitco back up.
Looks like Japan is allying itself with China
India is allying itself with Russia.
Iran and Syria are allied with Hamas and Hezbollah.
Israel is shelling Gaza in retaliation for a death.
US is sending mixed messages.
Fallout: Passover escalation possible war
Precious Metals, Oil, war commodities spike....
Are these heatmaps available publicly ?
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