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How FX Algos Saw The Overnight Chaos
"Crash" is the new normal in FX markets it would appear. As the following charts show, first we had AUD turbulence, then EUR crashed, and now JPY is continuing its cataclysmic carry-trade-driven push for hyperinflation as it pushes to 114 - a stunning 6 handles collapse since the FOMC statement...
First AUD then EUR plunge...
Then JPY keeps sliding against everything...
AS USDJPY continues to collapse - now 6 handles since FOMC
Source: Nanex @NanexLLC
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"We ain't seen nuttin' yet." - A confused Confucius
It never got weird enough for me - Dr Hunter S Thompson
That first chart looks like the ray beams the aliens shoot at me during the wee hours.
You guys are scaring me.
"Crash is the new normal". Thank you Tyler, for tidily summing up our premonition of the world starting Wednesday.
Thank you HFT.
Personally, I prefer to Tao the line.
Finally hit my AUD/USD short. The 'market' sure is fun!!
"We're on an express elevator to hell…..going down!!!"
120 yen to USD arriving within 14 days? 10 days? Sooner?
130, 135 yen to USD?
The consequences of this and the chain reaction (e.g. China being compelled to debase CNY, other export-intense economies following suit) will be momentous.
!4 days in November.
Sounds like a movie.
Better than an hour between Nazi Pelosi's legs, my dear discerning man.
Whisper rumor Pelosi's snatch smells exactly like Pier 39 Sea Lion hangout in San Fran.
Prices are set by signals into computers not by humans talking to each other.
This is not a market. This is a video game, pure and simple.
Fed has created $4 trillion excess reserves which is STOCK.
This stock can be used to recycle Dow to 50k by next month, or simply just type in numbers when even that fails.
As I said over and over:
This is a video game like Sony Playstation Network, not a market.
You have no chance. Hence the world is just quitting the system and going local.
The world still has to buy oil.
No worries until American aircraft carriers come home.
Did you miss the Libor scandal?
Gartman says he was wrong about the bull market and is now back to bullish (3rd change of mind in the last 3 months, by my count):
http://www.cnbc.com/id/102144696?trknav=homestack:topnews:8
Might be time to fade this rally if his track record holds.
What would Jon Nadler do?
Mommas....don't let your babies grow up to be gurus.
Don't let'em pick guitars or drive them old trucks.
Let'em be doctors and lawyers and such.
Looks exactly like my attempt at using a Spirograph as a 5-yr-old back in the mid-60s.
CANCEL MIDTERM ELECTIONS SAYS NY TIMES
http://mobile.nytimes.com/2014/11/03/opinion/cancel-the-midterms.html?_r=0
Screw it....let's just move back to England.
What the hell were our ancestors thinkng?
Expansion, go west young man.
There are 4million expat British, they might have a reason.
The British territory of Fort Lauderdale might give you that answer.
If you really want a pucker then read the comments section. The lack of understanding of our Constitution and government is shocking, much less what people think will fix it.
Those images look like EEG's from panicked liberals who suddenly realize
they are about to get crushed in the midterm elections.
Yes we scan.....
This is just business as ususual. Everything going according to plan.
I'm sticking with my theme of the week.
For months the major world currencies have traded in a narrow range as if held in limbo by some great force. This has allowed people to think we were on sound footing as central banks across the world continued to print and pump out money chasing the "ever elusive growth" that always appears to be just around the corner. Recently some currencies have made multi-year highs or lows depending on the match-up .
The Fed recently whacked the dollar down recenty it did not stay down. Because of weak demand for goods and most of this freshly printed money flowing into intangible investments inflation has not been a major problem, but the seeds for its future growth have been planted everywhere. John Maynard Keynes said By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
While there are not many Bond Vigilantes there are a slew of Currency Vigilantes and they are ready to make their presence known. Weakness in the value of the Yen, Pound, and Euro must not go unnoticed. More on why this may be a signal that currency trading is about to get very wild in the article below. Please note, this may also be sending a signal that the whole system is unstable and the stock market could drop like a stone due to contagion.
http://brucewilds.blogspot.com/2014/09/caution-alert-currencies-may-get-wild.html
Looks like brain wave scans, after a couple of lines of pure Peruvian flake....
Time to party like it's 1929
Gotta love a good old carry-trade
I'm selling T-shirts which read, "Abe and Kuroda bought me a house!"
$1 or 1,000,000 Yen
They sure know how to make things interesting. They must throw the wildest parties, crazy old fools
How friggin prescient was Bass on this? "18-24 months" looks to be dead on.
(see: https://www.youtube.com/watch?v=LDs_vnyzmWU)
UP -DOWN, UP - DOWN
Anybody else getting sea sick?