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Precision Swiss Watch Clockwork: As Predicted, USDJPY Algos Ignite Pre-Open Ramp
Who could have seen that vertical USDJPY buying panic stock momo igniting move ahead of the US HFT and retail muppeteering open?
USDJPY algos trying to find the best ignition spot here
— zerohedge (@zerohedge) February 3, 2015
And, like rigged clockword, 30 minutes later:
For now stocks are not entirely playing along...
Charts: Bloomberg
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King rollar!!
moves in all fiat coming exponentially faster now.
Long coffins bitches.
Long coffins?
Tall hats?
See this shit show will never stop....I can't take it anymore....please let it end or stop with the sky is falling articles...thanks
must.find.buyers. hello, anyone left to buy this pile of shit???
When there are none left, the US taxpayer would be glad to help out.
Yen....go look at the buying panic in Euro's up .9%...in 45 minutes.
And we have WTI over $50. I think the criminals found a bottom in yet ANOTHER - umm - market, for lack of a better, less-colorful word.
Damn shame, because here in Western PA, we never got below $2 a gallon for gasoline. I guess we never will again, either.
I was publicly flogged here yesterday for daring to say we've already put in the lows for the year in oil. I mean NOBODY liked that comment. Watch your step.
I cautiously dipped my toe in the water with a small refiner.
PEIX has had a HUGE move.,..but most of these companies are bankrupt.
The Chinese just said no to half a million metric tons of soybeans...buying from South America instead.
Crazy moves....free money.
3.99 TRILLION dollar budget "just to say not 4 trillion going to five."
I'm close to bailing on US government dent 4EVR if the Fed doesn't gets it act together here.
Pull the lever monkey-boys - pull that lever
Anything to keep Gold down ...... they are desperate. Yet somehow still winning
You think that stuff just pops up on it's own, nope, somebody has to first put it there and then hire a guard.
Situation normal, all fucked up.
Tell me that deep down you don't draw some comfort from seeing the return of 'normal' ZH morning headlines like USDJPY ramps. It's so screwed up, yet we've seen it so many times it gives me that "everything is going to be OK for another day" kind of feeling. Like a beacon of "new normal manipulation" shining through the darkeness of uncertainty.
Stocks up, gold down, bonds behaving, oil leveling off. Everything is wonderful in the merry old land of O.
Time to put in a short yet?
I'm expecting some vol and weakness as February progresses and the Greek drama (tragedy?) plays out. But, like any old Hollywood movie, just when things seem the darkest a hero will save the day, get the girl and make everything just fine.
Act II will play out over the summer with some outstanding vol and weakness, with a closing effort at recovery and normalcy.
Act III is scheduled for Fall, and fall we will.
So if my selling calls meets your definition for selling "short" then yes, temporarily and nimbly.
Please make this insanity stop....
DavidC
There are two things you can not compete with, insanity is one of them.
Stop? WTF. With all this volatility I'm finally making money again after like 4 years of a Fed coma/drought.
Let's try a gap play today I think.
Exactly how is this supposed to work? Algos borrow in Yen, buy USD, then use the money to buy stocks? Has the causation between USDJPY and US equities ever been explained here or are we just supposed to buy into the connection because graphs can be lined up to look like they are correlated?
Guy makes a profit every time a transaction occurs, no transactions, no pay. These guys need something to to do, so they juggle your savings and skim off the top, if a bet don't pay, it don't matter cause they already got paid and now it's a percentage of your money that is lost.
gmak, this article offers its take on this matter:
http://www.futuresmag.com/2014/12/10/usd-jpy-and-sp-500-go-together-like...
It's a cheap way to add additional leverage to an already leveraged position and thereby goose your cash on cash returns.
Thanks for this. Now if someone could explain why the JPY is seen as a safe currency when global risks increase, I'd be all set. :-)
Because the JPY risk is perceived to be towards weakness, which would only enhance your return. If JPY heads in the other direction (e.g., stronger) well, then you're fucked.
Speaking of Swiss craftsminship.....
Oil Price Crash Brings Big Profits For Swiss Banks, Investment Corps
China Approves Swiss Syngenta Biotech Corn (GMO)
China Elite Taught Global View in $103,000-a-Year Swiss Schools
Gerard Depardieu Promotes “Proud to Be Russian” Watch Line Made By Swiss Co.
China’s Hebei Iron Takes Control Of Swiss Duferco International Trading
Some large FX options expiry at 10am.... Could get interesting along with factory orders.
every single fucking banker needs to be fucking be lined up and fucking shot.
the only good banker is a fucking dead banker.
i am so sick of this manipulated fucking system, and the bankers must fucking be punished, those fucking bastards
Gas prices went to $1.79 last thurs, now they are $2.00 this morning. Good thing I filled up last night at $1.89...back to $4.00 by memorial day, I mean cannon fodder day.
CRAZY.
Where is the FTC in all this?
Is said watch pegged to the Euro?
Or not?