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US Dollar Recovers All FOMC Jawbone Losses, EUR Plunges 400 Pips
With EURUSD now down over 400 pips from the after-hours flash-crash last night, the US Dollar has recovered all of ist post-FOMC and post-flash-crash losses...
led by EUR weakness...
As it seems the life of Fed jawboning effort is now less than 24 hours...
Charts: Bloomberg
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And I am sure that all of this was completely "unforeseen"...
Interesting margin calls....
Either the EUR has to continue plunging vs the USD - OR the EU will break up (which means most of the PIIGS leaving, and even France & the UK being forced to devalue living standard in order to maintain an even remotely sustainable balance of trade & sustainable budgets).
Mr. Yellen & Mr. Lew (and their bosses, more importantly) can't defy gravity & have it both ways (and their bosses are very international/global in their citizenry, btw).
As it is, and this is a stark sign of things to come - even Germany's famed middle class & union membership is going through the same process that the U.S.'s middle class did beginning in the early 90s (Germans are seeing manufacturing jobs go to the Czech Republic, Slovakia, Croatia, Turkey, Poland & even Romania & Morocco).
It's kind of cool to see major currencies trading as psychotically as penny stocks. It's a great time to be alive!
p.s. - The BRIC block of nations' economic & financial travails have only yet begun.
Look at what's happening in Brazil just this past week for a small appetizer as to what lay ahead. Brazil could be very well be headed for some sort of civil war.
China, as the big BRIC rep, will join hands with Japan & PIIGS in ensuring that there is currency debasement relative to the USD for a long time to come, no matter what ZH articles are posted daily about an alleged shift away from the USD, as a matter of basic survival.
I think its time to end all Federal Reserve Banks.
KING DOLLAR HEAR ME ROAR
Agreed, wise men would lay prostrate before the money power and praise king dollar. The wisdom of disseminating near zero interest loans payable by a currency that gains 20% in value annually is beyond comprehension. I pity the man that would stand against those forces.
If everyone is doing it it can't be wrong, right?
they got nuthin
Lulz
https://i.imgur.com/wILxvvR.jpg
It's one thing to want to get away from using dollars. You can even try to set up systems to allow you to do so. But it's another thing entirely to actually DO it.
Right. We all know the END game for the dollar. But that end game's been in motion since Nixon took us off the gold standard. Doesn't mean it's imminent, and it doesn't mean the dollar is not going to be extremely strong the rest of 2015. The end game could come next year, it could be another 20. I just feel for guys making decisions on the presumption that it's coming next month.
if printing trillions hasnt ruined the world yet, they will no doubt print trillions more. its not about fixing anything. its about keeping the shit show going.
I don't think you understand. Dollar entries in a computer are not printed currency. Cash is a rare and beautiful thing. Let me guess, you have shiny metal rocks in your portfolio?
Ink and paper are rare and beautiful? LMAO!!!
I'm sure you goldbugs think the Mona Lisa is just oil and linen. I won't have some shiny rock collecting fools soap box me about extrinsic and intrinsic value. Your all the biggest royal libertarian dupes goin. I hope your kidding and just here for the lol's.
Since there isn't any logic left, we're stuck looking at colorful graphs
There is a logic there but you have to be sociopathic to see it . We are now in a "silence of the lambs" economy and Hannibal is on the loose....
Watching the gold price in GDP is fun, is that rise? oh good! no hang on that is the currency dropping again. I'm sure there is a lesson to learn in this somewhere...
Could it be a GRACCIDENT?
Nice fat bull flag pushing out right now. This pig closes green.....
Stop Runs fill Goldmans coffers.
dead cat bounce season
tis but a flesh wound
Looks like many decided they were out of position.
Seems like a costly move.
No more volatility? The dollar is in the clear right?
A smart investor would stick to his guns and sell anyhting not nailed down right now. The long dollar trade will be the story of 2015.
Friday closing will save them into the weekend.
Diminishing returns is a unconquerable bitch. Mr Bones says the ride never ends.
So now the Fed. has really screwed itself. The casino relevers even higher and they're getting rectal rootered by the USDX.
#winning
Do you think the Fed waits until the government borrows money before it magically appears?
Quantum mechanics in action.
No wonder why they don't want to be audited.
lol.
Easily explained.
A quick snack of pilot fish and then the sharks go back to pretending that they are okay with the little bastards hovering around their mouth and snatching a few crumbs away.
This week I have come to a complete realization that despite my best efforts there is not one of my friends or family that has any idea of what I do in the markets and how difficult it can be. Happy to know they have my back 100.
Tried to tell you yesterday to buy the dip. /DX is going to 200 or higher.