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Currency Carnage Continues In Asia, EURUSD 1.04 Pushes DXY Over 100
As the world's dollar funding shortage continues to unwind, EURUSD has re-collapsed to a 1.04 handle in the Asia session and dragged The USD Index above 100 for the first time since 2003. This is now the fastest surge in the USD since records began and EM FX is getting monkey-hammered. Swissy has almost retraced the entire post-SNB de-peg surge. USD strength has weakened JPY and thus miraculously lifted US equity futures (just as it did last night before the dead cat bounce collapsed to lower-lows).
EURUSD 1.04 (600 pips lower since payrolls)... and USD Index 100.00 (highest since 2003)
Swissy dumping...
EM FX is getting slayed...
EUR has weakened more than twice as much as the Ruble this year...
and JPY is coming unglued from stocks...
as S&P Futs dead-cat-bounce deja vu all over again...
Charts: Bloomberg
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Big rumors that Putin had a stroke... he's been missing since march 5... IF this is true, and it's a big IF... how long before they blame the CIA?
Link?
No link. Fact : he's done no public appearances since March 5. Fact : the Rusky government said Putin's health is ``ok``. Fact : Putin has pushed back 3 important meetings just this week. (one treaty signing with South Ossetia, meeting in Belarus and Kazahkstan postponed)
Something is up, for sure. What it REALLY is, who knows...
Now let's say Putin is out of the picture... The power would go to Medvedev... but would hardcore fanatics like Shoizu and Rogozin allow that since Medvedev is the only one in the Putin's entourage to not be an hardliner/intelligence man??
Time will tell... but for sure something is up...
It is spring break in Russia?
It was "Woman's Day" this past Sunday, and he's still not done celebrating.
This article just reinforces the fact that the fucked-up dollar is merely the cleanest dirty shirt!
https://www.cryptsy.com/markets/view/FLO_LTC
Noticed Florin Coin going ape shit in the crypto space, any ideas why ZH'rs?
War with Guilder?
Dump a $1000 worth of those Florin Coin at current price and buy order book is empty. Currency... haha
Come on. A weeks holiday and his health is O.K.
Mine would be great too.
You got more?
He's not on holiday.
https://www.stratfor.com/sample/geopolitical-diary/putin-puzzle
A Putin PuzzleAn intersection of odd events is raising speculation about what is going on in the Kremlin's corridors of power.
Not buying it.
Medvedev is no slouch anyway. He will be almost as good as Putin
Either Putin is sick or dead or he's been overthrown.
I see no reason to believe that. Kim Jong Un was missing for weeks but turns out he's just fat.
@ lolmao500: Beware the StratWhore songsheet.
Medvedev-- The Russian word for Maduro.
He could be hold up in a bunker looking at maps and shit. And or spraying WD40 on those missile firing buttons; it is never advisable to cut corners on essential maintenance.
.
It's qualitative easing, we'll get the carrage fixed up soon and you'll be on your way shortly.
Definitely strange he's not commented on the arrest of the 3 suspects in connection with the oppostion leader's murder. Imagine someone takes out the opposition leader and then takes out Putin shortly after?
No biggie. Rumor has it that Obama had lots of strokes.
On and off the golf course.
In the bath house - he plays off scratch - has to give strokes to the others
This is an article about the currency markets. You're making first post about a completely different subject. Why are you trying to steal the discussion thread?
Cause this is an ``obvious news`` story and not really interesting. This Putin is missing story is much more interesting.
Mr Bondy about to lose his shorts sounds like the next movie you should attend.
damn you Asians, why do you guys always push in herds!
be an individual, dammit!
Oh sure, like the Americans aren't a Nazi hivemind...
Yep, that explains why we stockpile guns, specie, and food.
We want to have something to contribute to the government when things get rocky.
He's in his bunker prepping for WWIII.
You just don't go into tactical nuclear war on a whim, it takes planning and preparation: Got to get those bunkers ready.
It ain't rootin' tootin' Putin. But you're on the right wave length.
USD doing a gold circa Sept 2011.
The Nikkei is going up because of March option expiries on Friday. The high on my usdx chart is right at 100, and the momentum in the move seems to be slowing.
Nikkei rises on futures-related buying | Reuters
It would be interesting for the EURUSD pair next week on Monday. The Temporary Debt Limit Extension Act runs out this Sunday, around a trillion dollars over the current cap of 17.2 trillion. Then there's the Greek payments to the IMF, first due tomorrow (Paid post-dated apparently) and a bigger one on Monday.
Any of these gains in USD strength might be pissed away next week? Considering the good is bad and bad is good topsy turvy world of the markets, I wouldn't want to speculate.
The IMF might have to be called in on Greece here.
At least the astronauts are okay.
Running Russia is really hard.
Why not Putin?
Why not Maduro?
Why not Egypt?
Seems the Secret Service was out on another bender again.
Chinese are buying the world!
The US is filling its tactical oil reserve to the brim, now why would they be doing that? Are those war drums I hear or is my neighbour banging the girlfriend again?
Uncle Sam must have heard the term "Buy low." when he was a kid.
The Swissie's "Gahbage muff.'
Remember 1983 very well.
First good job and I was only 14 years old.
Great job actually.
We all worked back then. We had a "cold war" but certainly no Vietnam(s).
I remember thinking "one day I'll travel to Europe too.". Took me thirty years but I did get there. And it was worth it.
Looks like our next chance will be as part of a combat brigade "strike team leader."
Appears to be imminent even...
Ive noticed Florin Coin in the crypto space going ape shit, any ideas why ZH'rs?
https://www.cryptsy.com/markets/view/FLO_LTC
Is somebody in trouble here? Should I get on the phone and call the man or just do my ape dance routine??
oopsie
Don't ever bet against the US. In a rigged market go with the riggers, proceed with caution and jump ship before you anyone else jumps ship and you should stand in line to make a killing. S&P will continue to break new records and when the shit hits the fan, those in the know will short it and BAM so the riggers will continue to screw you over. House always wins!
We are all fucked. It is best to begin praying early. Only a higher being can save us now. Obummer, Yellen, Hilary, Draghinini... these guys are not going to cut the mustard here. Divine intervention is required.
Things are about to get rather gnarlacious.
So much egos with these EM CBs with miniscule reserves that is much better for them to peg their currencies to $ or even the RMB. Let their real economies adjust to these pegs.
Shooting it out with handguns when bazookas are firing is delivering pennies to Lazy Traders. The volatility of these currencies shall move by 500 bps. Fix your algos to capture a basket of these junks.
I present the only USD chart porn you need for today- hockey stick, front side:
http://futures.tradingcharts.com/chart/US/M?anticache=1426167591
It wouldn't be a bad idea to start positioning for the backside action (heh) when this movement changes direction.