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Stocks Decouple From FX As Gold Suppression Provides Risk Respite
Stocks have once again decoupled from FX, with the now defunct EURJPY being ignored and even the relevant AUDJPY decoupling. The only relevant signal today seems to be the temporarily successful gold price supression by the Wall Street paper gold dumping brigade. Eithe way selling overvalued stocks and hedging with cheap FX pairs is the right trade here. Alternatively one could buy the EURJPY and sell the AUDJPY.
EURJPY
AUDJPY
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HFT down. I repeat HFT down. Mayday, mayday!
Hey Denninger ???
Where is the ticker about the gold manipulation ????
You really like to jump all over the SNB about their Euro manipulation, you show all the charts and shit like it is so obvious.
After reading his arguments, I still don't understand why he hates gold so much
Because he has become emotionally invested in it to the point that no amount of reason, logic, or evidence will ever convince him he is wrong, at least not until he hits rock bottom.
1240 ... I wish they push it lower [premiums still high] ... =(
EUR/CHF new 52 week low. just sayin'
are we near all time low?
What I don't understand is how EUR can nosedive like this and all the other 'risks' just sag a bit. Is another sort of 'decoupling' underway?
EURCHF could be ripe for intervention or a correction, given the amount of shorting there has been. Just a thought.
DavidC
David, that's what I thought. Didn't want to play in EURCHF, but was gonna buy EURUSD when it hit 1.23. Thank Christ for 'confirmation'.
Now...it looks like EUR is getting isolated, since usually a fair few currencies take a hit when EUR does, and today that didn't happen. Aber strange.
whatever, this is providing a marvelous opportunity to get into some of the smaller gold stocks like UXG and TGB....
just observed short decoupling between S&P futures (down) and index (up)
isn't that weird, shouldn't they be tracking eachother closely at all times?