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Dollar Flash Crashes: Currency Market Pulverized As Dollar Implodes After Close
Complete Currency Carnage...
At 1604ET - the FX world went crazy...
Here is the close-up...
As The Dollar flash-crashed...
It wasn't just the FOMC move - this something more right after the bell
led by JPY and EUR... 2 big figure collapse in JPY!!! 400 pips in EUR!!!!
And Swissy the biggest move of all...
Charts: Bloomberg
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It actually doesn't take much money to move markets any more. The HFTs spoof a shit ton of orders but then cancel them so fast nobody can fill them.
[Ignore]
I heartily agree.
HA! I was accused of that today. I look at it like an award, like an inverse yellow star of David (Lee Roth?)
Are you trying to imply that perhaps a Central Bank, or someone on behalf of the Central Bank could have entered the market? who are you ? whats your DNS number? A couple of drones have already find your coordinates
Don't walk under any tall buildings . Dollar long boyz might be dropping like flies.
OR...go Long nail gun manufacturers
World war III is the currency war.
So was WWII to start with.
They always escalate.
And someone was worried about the Euro....
Shit.
Gold just battered the euro for the last 6 months and now it's time to take it to the dollar.
worried? nah...
What part of all fiat go to zero don't people understand? It was the dollar's turn after all... ...the currency wars continue...
Seems like there was a lot of shooting in the currency wars today.
PEW PEW PEW!
the part where history comes in? like... never happened this way? which is btw the very foundation and reasoning behind the currency wars?
but I don't want to spoil your narrative, it is indeed possible that we face a never-happened-before-scenario
it just does not take away the "never-happened-before-this way" quality of it. bah, I'm tired of expecting from ZH a serious discussion on the mechanics of currency wars
you mean the DAX?
Ahaha! King dollar bitchez!
"Ahaha! King dollar bitchez!"
Your King has been raped.
I was being sarcastic great jeebus.
S T A B I L I T E E E E
... for the internal eurozone markets. that's on the manual
+/- 5 per cent in FX intraday could soon bore us.
The great paper shuffle merry-go-round is gathering steam for a big finale... ?
"IMPLODES, pulverized, CARNAGE, COLLAPSE"
Shit getting real-
There is no currency war now. It's controlled and concerted effort & at a "balancing act."
But such a "successful" CB coordinated balancing act can't and therefore won't last.
PPP is at 1.20, isn't it?
this is the biggest, most liquid market of the world. if iif you call that easy to manipulate... then there is no such thing as markets anymore
" then there is no such thing as markets anymore" -- LMFAO!!!! You're just coming to this conclusion? That's some funny shit.
He gave his love a cherry that had no stone...
He gave his love a chicken that had no bone...
He told his love a story that had no end...
https://www.youtube.com/watch?v=HaBK0dBV47E
He gave his love a cherry that had no stone...
He gave his love a chicken that had no bone...
Apropos, but this may be outside of Ghordius' cultural frame of reference.
Ghordius just reminds me of that dude... What can I say?
I presume any dude that points out that interventions on markets need firepower. and that this kind of firepower is limited
as I said above, serious discussions have left this barn
Ghordius,
naw, my brother...this is just the instant-onset-mania we Hedgers experience whenever any evidence of math erupts like a festering bloom of herpes-simplex on the upper-lips of these ghastly mephistos' maws. we've diagnosed them as diseased and depraved; and it's somewhat vindicating to see the symptoms so vividly manifest.
Hedger instant-onset-mania usually subsides in 12 to 48 hours (depending on several factors); after which, a cogent (but, admittedly, less than civil) discourse may ensue. but i share your frustration...i similarly detest the reflexive assumption that debate necessitates a good/evil narrative; and if one is attempting to understand an issue by actively divorcing their rational appraisal from their moral predisposition, one can be certain that your audience is just as actively attempting to annul your detached attempt at objectivity and rewed you to one or the other. which is why janus is never above playing devil's advocate, nor am i beneath assuming the role of grand inquisitor when satan is in the dock.
i reckon it's time i spend a spell on the continent...i'm beginning to weary of america...and besides, i've much work to do over yonder. i'll look you up when i'm in belgium.
https://www.youtube.com/watch?v=_oNmuMaAb5Q
janus
GET WITH THE FUCKING PROGRAM ghordius!
well one of the juggling bitches dropped a plate or something
krudlow - need moar lines stat
How much money did Yellen's bosses (big banks, internationally) make on this? I'm sure NONE of them were correctly positioned for today, right? Because that would be . . . well, like cheating or something. And how many non-insider funds, traders and hedgers just got torched to ashes?
If you watched the USD treading down before the FOMC news you knew where to go. After the news - too late.
I think I can hear some euro shorts screaming over their margin calls from the plane that just flew over...
I sold all my euro, i don't care))). War is war....
They'll be opening the plane's doors for a dive next time.
Gives expression "day late and a dollar short" new meaning ..
fuck off to all those ass hats like that drunk Art Cash-In who were saying Euro Dollar parity was inevitable very soon...
@Squid V.
"Euro Dollar parity was inevitable very soon..."
What part of "very soon" did you understand? Soon as in 'now' or soon as in 'sometime later'?
Rigged market of funny money
Weeeeeeeee!!!!
NZ dollar vs $US up 3% just like that.
""The Committee currently anticipates that, even AFTER employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate BELOW levels the Committee views as normal in the longer run," the Fed said."
My emphasis.
Well fuck me . Who'da thunk it?
Can someone buy the Chairperson a chair 'cause they be standing in a corner of there own creation for some considerable decades.
When there is no "risk" there can be No "reward"
"Can someone buy the Chairperson a chair..."
Her NAME is Grandma Yellen....all she needs for the full effect is a corncob pipe and missing front tooth.
Fuck me...I did not buy enough popcorn....
Popcorn, like Pb, is a precious commodity.
You can never have enough.
Let me guess, Michael Jackson bought the last of the popcorn . . .
Things finally went FULL retard
Prediction: this is Mensa compared to what's coming.
You are probably right it is just hard to imagine things getting dumber, but they will
Yup. Every time I see something and think that the government, the fed or the banks cannot possibly go fuller retard, they find a way to go fuller retard. It is astounding. It's like they're begging to be guillotined.
FUCK. THAT YOUNG KID HEDGIE PROLLY GOT SMOKED IF HE WAS TRADING SPOT FX TODAY.
Hamanahamanahamanahamanah....(long dollar)
So....no rate hike....Fed can start QE4 since QE3 almost nearly did the trick? Or...nothing. No rate hike, no QE...and inflation keeps falling and bond yields keep falling and oh yeah Oil keeps rising because slightly slower growth will reduce inventory levels?
Goldman please explain.
The fed lost control along time ago, mr market got its big boy pants on now . It in control
IT'S A MADHOUSE!
https://www.youtube.com/watch?v=VFCM6TZgTMI
The commie Apes win.
From my cold dead hands!
For God's sake!
Hollande's gonna be disappointed.
Oh man I made so much money today. This trade was fucking obvious. Dollar had gone parabolic. Parabolic moves almost always crash back down to Fibonacci levels. WEEEEEEEEEE!!!!!!!!!!
https://www.youtube.com/watch?v=hxRoXuPjAKc
Yeah, I was short the USD/CHF
The thing was due for a massive reaction.
up to a dollar and ten. impressive. /SARC
Hedging the chaos, surfing the apocalypse.
/bitchez
Debtors Prison
For those not playing along with the illusion of due process, a dress for peer pressure politics, Family Law serves as a catch-all, and now women are being thrown in the clink. Congratulations, you can’t get a job without a license and you can’t get a license without a job, and if you happen to get a job, you lose it, because you don’t have a license. That’s credit for you.
Placing an ad in WSJ or Telegraph, a column proposing a tightening titration against the backdrop of global QE, will certainly get the job done. Bank isn’t any more your friend than family sitting around on welfare, gossiping about whoever isn’t in the room, and complaining about government in between, misery loving company. Warren Buffet is a prisoner like all the rest; he just has a better box seat, to watch the sh-show.
Empire and Debtors Prison are one and the same, just another form of prisoners dilemma, the game theory of feudalism, normalized with public education, robbing from the back of the line to pay the front of the line, spiritual bankruptcy begetting intellectual bankruptcy begetting physical bankruptcy, in the other direction. The Revolutionary War was no such thing. Manifest Destiny has always been the means of the passive-aggressives, divide and conquer. The colonists simply moved feudalism and saw no reason to pay the King.
IPOs, M&A, and Government are all the same. Whether military steals from university healthcare or vice versa is irrelevant, because they are the same. Once upon a time, in the West, US Navy didn’t tolerate Family Law. Now, feudalism prevails everywhere, and bred behavior isn’t changed in real time. Putin is a moneychanger like all the rest, as Greece expected, but not everyone in Russia, China and everywhere else is a dupe.
If US Navy controls international trade, and the Imperial Admiral just said it did, why is the global economy contracting, with ever-growing hubs?
Funny thing about large, ineffective organizations; to become large, effective organizations, they must pass through small, effective organizations, so they build a system to gobble up small, effective organizations, maintaining the status quo, until they can’t. The Fed, Congress and State are the problem, in a positive feedback loop, a problemsolution, not the solution. Productive Family is the only possible building block, and the single mother is still the poorest performing unit, by design, upside-down economics, in an ivory tower built for the purpose.
Things happen. Whether they are opportunities or threats depends upon whether you have a surplus or not, beyond the empire, whether you think and work ahead. Divine Providence is always a gold rush, trading wealth for money, going nowhere, faster and faster, always rebuilding the past. Set that circuit board on a table by the beach, and watch what happens. University doesn’t hide STEM in a black box by accident. It’s just paper, looking in the mirror at itself, in the past.
I wake up in the morning, not worried about an utterance from the Chairperson, but because 1 in 100 actually does the work required, despite the gravity of empire. Don’t lose heart; apply yourself where it does some good. Kindness of a Stranger is the only path, because once adopted, habits are hard to break. If you should find yourself in debtors prison, remember, you can only change yourself. Whether others follow the example is up to them. Many a lifeguard drowns attempting to help those who do not want to help themselves, damsels in distress.
+1. though I have to note that "Empire and Debtors Prison are one and the same" is not correct
plenty of historic cases where they were completely separate. yes, the logic of them is related. but it needs a certain additional disdain of humanity to implement debtor's prisons
They're all levvered up to buggery
C$ up almost 4%.
MASSIVE BLOWN OUT ACCOUNTS TODAY FO SHO.
THE DANSE MACABRE OF THE CURRENCIES HAS BEGUN.
Again.
beggering thy neighbour becomes buggering your own...irrational exuberance !
Everyone see what Target just did? Raised minimum to $9/hr....but not before laying off 3100. Fucking epic! I love the we are cutting costs..no not really but yes we are....
I think you mean YES WE CAN!
To be fair I'm sure Target is streamlining operations and magically found "reserve capacities" , thus the need for less workers.
Less workers that will now be expected to do more.
Such is always the case now. I've been to a few trade shows and it looks like technology will soon take my job. The cost is the only thing slowing it but that won't be for long.
The thing that really troubles me are the younger group saddled with all their educational debt. They can afford it due to our relatively high wage but I'm not so sure if they could working at Target.
Miffed
Last week one of my friends from Mini told me he had been one of the workers let go in the latest round of layoffs....He is a really smart guy and gets things done. That must've been his downfall....
Corporatocracy
With the dollar drop, stawk gains today basically a wash. Then again I recall the 'olden days' of 2007 when stawks were in lockstep with any tiny currency move.
My vharts show this crash at 4:00 PM to the minute and for JPY is wasn 121 at the time it was 120.
Basically my forex crashed and I had to reload because of all the trades that got knocked out. So now it shows about 4:04 as Tyler said but JPY still is showing it was 120.
Time to up margin requirements , this is crazy.
i don't get it.. if the $ is tumbling, it sholud take the chf/usd UP, not DOWN..
Unless CHF is crashing even harder. Otherwise, there are some arbitrage opportunities.
That chart should say USDCHF that's a misprint by Tyler.
DXY getting up off the mat
My "dollars" at the store have been flash crashing for the past few years with hidden inflation. New case in point. Went to Wal-Mart to buy some potting soil. The price is some 70% higher than it was two years ago. Potting soil is softer than the other garden soil since it contains a good bit of those soft, white Purlite flakes. Well, this bag smelled like it was loaded with nothing but horse manure like the garden soil bags are, and it has so little of the white Perlite in the bag that I thought I had bought the wrong bag. This is yet another example of hidden inflation and the 'flash crash" of our federal reserve note's value.
Yea most of that stuff is now just ground up trash, have to go for the still-quality Black Gold or Ocean Forest...costs a ton though.
It's likely to be much more cost effective to purchase your soil/compost by the truckload, if that option is available. Many larger greenhouse/nursery operations offer these types of bulk purchases. You might also just bring your pick-up truck and/or utility trailer and haul your own soil.
Yup Roll your own.. peat perilite vermiculite bark mulch mini nuggets whatever you want make it yourself. don't forget some pain dirt for microbiotic infusion
.
I've found that composting horse manure with a lot of yard waste produces some pretty good stuff.
Horse manure tends to be lower Ph (acidic) so a little lime or stove ash might help. Same advice with chicken poop.
My soil PH is around 8.0. The entire state is like that for the most part. Manure will only do so much to that. I just accept that there are some crops, like blueberries, that will not do well here. There are also some native cultivars that do great.
Check where it came from....Lots of that stuff was being expoted from China. US labs were testing it and finding it was full of some pretty toxic stuff.....enjoy those veggies!!
I'm long night soil and gutter oil!
Market realizes that CB's are full of it and no way out. NO LIFT OFF WORTH NOTING?
Fukin' A!!!!!!!!!!!!!!!!!!!!
Break Buck
After the close. How appropriate. 16 hours(roughly) to straighten shit out and have another great day in the land of psychopaths tomorrow. Maybe. Perhaps will get a rare fed reversal. Who fucking knows anymore. At this rate we could get mass abducted by gay aliens and raped tonight.
But the FED was created to stabilize the markets and currencies........BULLSHIT!!!
Today's Market Summary in Film
https://www.youtube.com/watch?v=VFCM6TZgTMI
https://www.youtube.com/watch?v=ZOtIoBAxDUw
Looks like a few prople heard a bell ringing.
We rang some some bells.
Frankfurt is in flames. Germany may for forced to leave the EU before Greece.
Don't tease us...
Those are some sick moves. Kevin Henry must have had some bad tacos and stepped away for a minute.
PS: I cannot believe what is happening to the CHF. How can it be that weak. Things are seriously screwed up.
Holy Shit! Holy Mackerel, Andy! Where are the lifeboats?
and tommorow they will start rate hikes ... not because of "recovery" but to save usd ha ha ha
i see a lot of ending diagonals everywhere
The Fed's game as it's always been. To buy debt with printed money and monetize it.
Legal tender laws steal our labor of course by forcing us to accept garbage in return. Few people know the story of where they came from and how we got them. The 5th amendment "prevents" the gov't from taking our property with nothing in return, so how do they get away with it? Simple. Corruption.
http://www.thetruthaboutthelaw.com/they-make-you-use-money-that-is-backe...
Why am I thinking now both JPY and EUR will suddenly also reverse in a bad way and that something big has started here.
As the dollar has run up on JPY and EUR printing the only question is how little of a dip can the Fed create. The last couple times they tried to bring it down EUR and JPY went right back to where they were or worse and the dollar went up.
Can the Fed keep the rest of the world's money supply out of the US? I think that the answer is they won't be able to. The dollar up move as we got bad data already shows you the world believes the USD is gold as it was in Depression I. In Dep I people were used to trading gold so they went back to what they knew. Now there's no gold trading anymore, and the poor don't have any money to buy gold; unless it's by credit card.
Bitcoin toast too. Hey Bitcoin must be tied to the dollar. Dollar go up. Bitcoin go up. Dollar go down. Bitcoin go down. Somebody wake up God. Bitcoin not fiat.
It's a virtual up or down with the Bitcoin... load up that virtual wallet.
The US dollar could have been bitcoin if they had pulled the plug on the printing presses after periodically replacing only the physically worn out currency.
Yea... where IS phonystar and his shitcoin comments?
That is why the general public should never try to trade the currency markets or any other market for that matter.
Anyone long the dollar today with a sell stop within 500 ticks ($5,000 per contract) below yesterday's close was wiped out.
And I would bet they were filled somewhere near the daily low.
I was just looking at the 1 minute chart on the June 15 dollar index futures contract. Within 5 minutes is went from 97.445 down to a 94.765 low only to rally back up to the 97.290 level.
What a scam these indexes (formerly markets) have become.
The fucking currency of an entire fucking nation should not move four fucking percent up or down in 8 hours of trading fucking ever.
Burp!
Enough 0's behind the keyboard will.
really fat fingers (finkers)
So the Euro gained 3 Cents, right?
The BRICS want to kill the US dollar and so does the Fedral Reserve.
Just a matter of time before they get their wish of a free falling US dollar.
It should be common knowledge that actively trading anything with leverage is for the highly skilled only - and even we have more than we can handle often enough.
Moron regulators will probably raise margin requirements again.
This is fucking bullshit! All this shows is how fucking rigged this world has become. The market always wins and is always right, ALWAYS!!! to think otherwise is absolutely foolish. False pops...false drops...how can they be false if they actually happen? We are witnessing a depression being masked by the central banks of the world. I don't care to know why, but I do know that eventually this shit show will fall apart. Historically the fed has raised or lowered rates to "control" the economy. I think we can all agree our fed is paralyzed now. It can't raise rates in a deflationary environment...period. The only choice it has is either to continue zirp as it has since 08' or go negative. That's it...period. Anything to the contrary is complete noise and an excuse to drive markets down to btfd!!!
It's all Bullshit!!!
There is a relation between $ value, oil price and stock value. They are linked but as the bubble grows they are getting more and more out of step. Market balancing cannot keep pace with money print which destroys the balance between, oil/$/stock value. The balancing mechansim is being distorted by hot money plays now trying to stay alive in shorter and shorter time horizons thus distorting the "fundamentals" of the trilateral balance between money, stock and energy valuation.
We see the same in EU. Draghi's QE is now bringing down the Euro, and thus mechanically pushing up the stock to maintain its value in $ but also making energy marginally more expsensive all the while it gets cheaper in $.
European QE is winning momentarily its currency war to export more but at the expense of stock euphoria and euro depression; aka asset monetary devaluation. Its not true growth, its just based on more debt and "free" money print in the hope that others suffer more in the currency war.
Germany feels its model will resist best in the eventual unwind. They have a point but they don't have a big nuclear stick in case the game hottens up into shooting match in Ukraine.
What does that tell us?
That Germany will try avoid that the US pushes it into a Hobson's choice.
Germany has French nuclear weapons.....I think France, Germany, Italy are at one on Russia and Ukraine - and seeing the US game to isolate Germany from Russia. The US is trying to tighten control of Europe and lock it into the TTIP Empire
patient and slow efficient markets
"That's the way this job is, Bledsoe. Indeterminable periods of boredom punctuated by moments of brief, intense excitement."
On behalf of the anti-Semitic Zero Hedge staff and editorial / propaganda board, I'd like to congratulate Benjamin Netanyahu on winning another term!!
- The Zero Hedge staff
Professor Kevin MacDonald is my hero.
Read his Culture Of Critique and you'll never look at the world the same way again.
I did over 10 years ago.
I don gettit.
"Patience"
"Fears of my death have been greatly exaggerated."
Lots of love, the Euro.
I don't know about you guys but personally I'm just thankful that the major central bankers of the world have such a
great handle on things.
America's back!
'murica, baby.
Hell yeah!
To me after looking at everything it looks like YET AGAIN buying of Swiss Franc set this off.
Da Flash Boys, dem figured out FX.
Some corporate taglines redux by moi
Enjoy :)
GOLD Everywhere you want to be
LEAD It's whats for dinner
SILVER The other white metal
USD ”The Ultimate Diving Machine”
EUR Good to the last drop
GRD "Do More"
JPY The next stage
RUB Takes a licking and keeps on ticking
CNY Legendary reliability
ZWL I’ve fallen and I can’t get up
4PM The pause that refreshes
SEC No rules Just right
PPT We move the world
FED Talk They’ll listen
CNBC The art of performance
ProShares How well do you share?
Hewlett Packard Strong enough for a man, but made for a woman
Madoff Investment Securities LLC That was easy
Ak47 Reach out and touch someone
The EU will be back below 1.06 by Friday afternoon.
"People who believe in government have more peace of mind, produce less cortisol (the stress hormone)....."
You had me at 'people who believe in government ..produce less'
And thats where (the only place) we agree.
Ya see..there in lies the rub. The useless eaters (non producers) should be..dealt with..not given a free ride.
Just like cattle.
Cattles have been around long before man created houses.
They were working and eating on their until humans created houses and arranged easy food for the benefit of becoming steak.
Is it now the fault of castles, if the owners' economic model caused him to become bankrupt and unable to continue financing the cattle house?
I better read "Rich Dad Poor Dad: before it's to late.
Eh.....just a sausage link passing through the aorta of the financial system. Cleared now.
Gold will see $2,000 by end of year many analysts report.
Today's US$ collapse is an extraordinary move, which I hope is the beginning of an 'unknown unknown' in the collapse of world trade and commerce that leads to a surprise ambush and destruction of the world's EU-IMF-FED-BIS-Rothschild financial criminal syndicates:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dxy&insttype=&freq=1&show=&time=5
Why Does It Hurt When I Pee? + Sofa
https://www.youtube.com/watch?v=nLPIxe6GUKY (7:51)