Futures market

Marc To Market's picture

Dollar Bulls Bends,but Will They Break?

The poor jobs report weighed on the dollar, but the greenback recovered as the session progressed.  It is not clear the jobs report was a game changer.  Stay tuned.  

Tyler Durden's picture

A Hapless Brazil Incurs Massive Losses On FX Swaps Amid Currency Carnage

"It is not a problem of liquidity, but of fundamentals"...

Tyler Durden's picture

Confusing Inevitable With Imminent

The U.S. dollar is looking good worldwide and, in fact, so is gold - it’s just that, at present, the dollar is in the number one spot. But, unlike gold, the dollar is at risk. U.S. debt has placed it in a precarious position from which it will most certainly fall. The dollar is not a truly strong currency; it is essentially, “the best looking horse in the glue factory.” It will be the last to go, but it will indeed go. We may have a bit of time before that happens. Whether it’s measured in months or years, we can’t be certain. A gold mania is not imminent, but we believe it is inevitable.

Tyler Durden's picture

Frontrunning: September 28

  • Headline winner: "Read Beyond Massive Job-Cuts Headlines: Labor Market Is Fine" (BBG)
  • And speaking of lies: The More Yellen Talks Up Inflation, the Less Traders Believe Her (BBG)
  • How Some Investors Get Special Access to Companies (WSJ)
  • Victorious Catalan separatists claim mandate to break with Spain (Reuters)
  • Russia seizes initiative in Syria (Reuters)
  • Former VW boss Winterkorn investigated for fraud (Reuters)
  • Investors Pull Back From Junk Bonds (WSJ)
Marc To Market's picture

The Dollar may Consolidate Before Moving Higher

Yellen's reaffirmation of a likely rate before year-end helped lift the dollar.  Look for some consolidation ahead of the US jobs data.  

Tyler Durden's picture

"(Not Always) Smart Money" Hedgers Are Record Long S&P 500 Futures

The only other time the S&P 500 Hedgers’ net long position exceeded 60,000 contracts was... September 25-October 9, 2007. We may or may not have to remind you that October 9, 2007 marked the all-time high in the S&P 500 to that point – and for 6 years to follow. Obviously, this was decidedly NOT a well-timed long extreme.

Tyler Durden's picture

"We're All Dr.Evil Now"

We’re all Dr. Evil today, thinking that one million dollars is a lot of money, or that one second is a short period of time, or that we are individually smart or capable in a systemically interesting way. We use our small-number brains to make sense of an increasingly large-number investment world, and as a result both our market fears and our market dreams are increasingly out of touch with reality.

Marc To Market's picture

Fate of Dollar Bulls Post-Fed

The divergence meme that is the center of the dollar bull narrative was never predicated on precise timing of Fed's lift-off.   To go from no hike in September to Fed will never raise interest rates, or QE4 is next, is a needless exaggeration.  

Tyler Durden's picture

Chinese Propaganda Full Retard: Burst Stock Bubble Declared A Good Thing

Having blamed the entire financial crisis on one reporter (despite the implicit government encourage of people to "invest in stocks"), detained "malicious sellers" (which killed the entire futures market), and now cracking down on overly-aggressive stock-pumping by "sinister stock squads," we thought we had seen it all from China. Until now... CHINA OFFICIAL: LUCKY THAT STOCK BUBBLE BURST BEFORE TOO LATE...

Tyler Durden's picture

A Recipe For The Mother Of All Short Squeezes?

Positioning across the world's most-levered financial instruments has never been this crowded. With such extreme positioning across the equity, vol, and bond complex, it would seem no matter what The Fed does in September, there will be blood.


Tyler Durden's picture

The Petroyuan Cometh: Launch Of Renminbi-Denominated Oil Futures Contract Imminent

"One-by-one, the oil-majors will start to participate, then others will follow. While it might take some time to establish itself due to choppy markets and regulatory hurdles as well as the fact that it would introduce a foreign exchange element to crude futures, it is overdue for a Chinese contract to established."

Tyler Durden's picture

It's Precious Metals Pummeling Time

On heavy volume, it appears someone once again decided that 9amET was the perfect time to dump paper gold and silver on the futures market...

GoldCore's picture

China Buys 16 Tons Gold In August – Dumps $94 Billion

The People’s Bank of China (PBOC) added another 15.98 tonnes of gold in August – at the same time its foreign exchange reserves fell a whopping $94 billion. 

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