Yen
It's "All About The Dollar" For SocGen
Submitted by Tyler Durden on 12/01/2015 20:29 -0500"The exception to this global picture is in the US, where sector performance was a Pavlovian response to the much expected upcoming US rate rises (Utilities down and Basic Materials up). Global investors may be cyclically bearish, but US investors appear distracted by the historically cyclically positive message US rate rises might imply. We think this may prove a mistake."
The IMF Confirms Yuan Inclusion In SDR Basket At 10.92% Weight, Above JPY And GBP
Submitted by Tyler Durden on 11/30/2015 12:03 -0500The IMF’s Executive Board decision today means that the yuan will be included in the SDR basket from Oct. 1, 2016, effectively anointing the yuan as a major reserve currency and represents recognition that the yuan’s status is rising along with China’s place in global finance. The weight in the basket will be 10.92%, larger than JPY and GBP. However, as politically-motivated as this decision may have been, now comes the hard part for China.
World's Largest Pension Fund Suffers $64 Billion Loss After Doubling Down On Stocks
Submitted by Tyler Durden on 11/30/2015 07:37 -0500Late last year, Japanese PM Shinzo Abe effectively forced the $1.1 trillion Government Pension Investment Fund to double its domestic equity allocation. With Kuroda providing perpetual Nikkei plunge protection, and with Abenomics set to bring about an economic renaissance, what could possibly go wrong?...
Chinese Stocks Tumble As Offshore Yuan Surges Most In 2 Months After Apparent PBOC Intervention
Submitted by Tyler Durden on 11/29/2015 22:27 -0500Update - Chinese stocks continue to plunge... Offshore Yuan surges on intervention.
Aside from 3 very small adjustments, The PBOC has fixed the Yuan weaker for the last 20 days, driving the mid-line to 6.3962 - the weakest since August 28th. After Chinese stocks collapsed on Friday, they are holding the losses for now as the biggest question remains just what the weighting will be for Yuan inclusion in The IMF's SDR basket (which looks set to be announced tomorrow - US time). Metals are tumbling (with Iron ore down 3.7%) and broad AsiaPac stocks are down around 1% as brokerages in China are plunging (Haitong -9.2%),
Coming of Age: China’s Yuan Joins SDR Basket As IMF Reserve Currency
Submitted by GoldCore on 11/27/2015 11:16 -0500In a statement, the People’s Bank of China thanked the IMF for the recommendation and said it was “an acknowledgment of the progress in China’s recent economic development, reform and opening up”.
China Plunges Most In Three Months, Pushing "Black Friday" Into The Red For Global Stocks
Submitted by Tyler Durden on 11/27/2015 06:46 -0500After several months of artificial, centrally-planned calm in Chinese markets, where "malicious sellers" found out the hard way the Politburo means business, overnight the relative quiet in Chinese stocks since August broke with a bang when the Shanghai Composite tumbled as much 6.1% before closing down 5.5%, the biggest drop in three months and the largest weekly loss since the depth of the Chinese rout in mid-August while a gauge of Chinese volatility surged from the lowest level since March.
How Much Higher Can The U.S. Dollar Go?
Submitted by Tyler Durden on 11/26/2015 15:30 -0500...and what will the implications be?
Charting The Full Impact Of Europe's Plunging Currency On U.S. Corporate Revenues
Submitted by Tyler Durden on 11/25/2015 19:28 -0500When it comes to the current round of currency war between Europe and the US, Europe is winning and the US is losing, and nowhere is this more obvious than the revenues of the largest US corporations.
Frontrunning: November 25
Submitted by Tyler Durden on 11/25/2015 07:34 -0500- Andrew Cuomo
- Black Friday
- Bond
- Brazil
- California Public Employees' Retirement System
- Carlyle
- Central Banks
- China
- Citibank
- Comcast
- Government Stimulus
- Hong Kong
- Housing Market
- Insider Trading
- Mexico
- OPEC
- Private Equity
- Real estate
- Reuters
- Shadow Chancellor
- Ukraine
- Volkswagen
- Wall Street Journal
- Yen
- Yuan
- European stocks up, oil slides as concerns ease over Russia-Turkey tension (Reuters)
- ECB discusses two-tiered bank charges, broader bond buys (Reuters)
- New agonies, alliances as Fed debates post-liftoff plan (Reuters)
- A New Military Power Rises in the Mideast, Courtesy of One Man (BBG)
- Russia's Gazprom says halts gas supplies to Ukraine over payment (Reuters)
- Other central banks set to act, but Swiss policy cupboard bare (Reuters)
Frontrunning: November 24
Submitted by Tyler Durden on 11/24/2015 07:57 -0500- Turkey downs Russian warplane near Syria border, Moscow denies airspace violation (Reuters)
- Investors seek safety in bonds, yen after Turkey downs Russian jet (Reuters)
- Donald Trump Is Not Backing Down (BBG)
- Uber's Exposure May Grow as U.S. Drivers Seek 57.5 Cents a Mile (BBG)
- U.S. issues global travel alert as manhunt continues for Paris attackers (Reuters)
- Stung by Oil, Distressed-Debt Traders See Worst Losses Since '08 (BBG)
Abe Scrambles To Keep ADB Relevant As Xi Dispenses "Belt" Whipping
Submitted by Tyler Durden on 11/21/2015 11:45 -0500The global economic order is shifting beneath the feet of Washington and Tokyo as Xi marches ahead with "One Belt, One Road" and prepares to extend the first loans from the China-led development bank that embarrassed the Obama administration earlier this year.
What Will Happen To Corporate Profits If The Fed Hikes In December
Submitted by Tyler Durden on 11/20/2015 13:56 -0500
Albert Edwards Explains What The Next Stage In Global Currency War Look Like
Submitted by Tyler Durden on 11/20/2015 11:51 -0500"So much of what we now accept as routine in financial markets would have been thought impossible prior to the 2008 crisis ?- the next logical stage in the global currency war will be direct fx intervention!"
- Albert Edwards
Futures Rise, Global Stocks Set For Best Week In Six Unfazed By Terrorism Concerns
Submitted by Tyler Durden on 11/20/2015 06:37 -0500Futures are modestly higher in early trading having tracked the USDJPY once again almost tick for tick, with the carry trade of choice rising to 123 shortly after Mario Draghi's latest speech pushed the dollar strong initially only to see most gains promptly evaporate against both the Yen and the Euro. European shares are likewise little changed, after gaining earlier, while Asian stocks rise; oil also advanced in early trading only to drop to its lowest overnight level moments ago, a few dimes over $40, with aluminum and copper both posting modest increases.
Global Markets Surge Overnight On Fed Minutes Optimism; ECB Minutes Set To Keep Rally Going
Submitted by Tyler Durden on 11/19/2015 06:55 -0500- 200 DMA
- Aussie
- Bond
- Carlyle
- China
- Continuing Claims
- Copper
- Crude
- Crude Oil
- Dallas Fed
- Donald Trump
- Equity Markets
- Eurozone
- fixed
- France
- Germany
- goldman sachs
- Goldman Sachs
- headlines
- Housing Starts
- Initial Jobless Claims
- Japan
- Jim Reid
- KKR
- Monetary Policy
- Natural Gas
- Nikkei
- Philly Fed
- Portugal
- Price Action
- RANSquawk
- Recession
- Reuters
- Trade Balance
- Yen
While it is still unclear just why the FOMC Minutes which are said to have made a December liftoff "more likely" unleashed a dramatic market rally, one which sent both stocks and TSYs higher, the sentiment continued overnight, with both Asian stocks surging on the US momentum, as well as Europe, where the DAX gapped solidly above the 200 DMA as most European shares advanced, led by resources, travel stocks. U.S. futures continue their ramp higher, and at last check were another 8 points, or 0.4%, in the green. But if the Fed Minutes were enough to unleash the latest leg in this rally, than the ECB's own minutes due also today, should send futures back over 2100 without much difficult, regardless of their actual content.



