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EURUSD Up 300 Pips In Last 24 Hours, Dollar's 2nd Biggest Drop In 6 Years
As EURUSD surges towards 1.1200 once again, we note that it is now 300 pips stronger than 24 hours ago. This is the 2nd biggest collapse in the USD since March 2009... Treasuries and Bunds are getting monkey-hammered... and US stocks just want higher (as Dax slides)...
Euro surging...
Roundtripping to May 22nd's plunge...
This is the 2nd biggest down day for the Dollar since March 2009...
Charts: bloomberg
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of course stocks are up. they hit the 50day, ZH posted about it, and all HFT went into "uber" buy mode.
Sure, why wouldn't the world's two largest, most deeply liquid currencies move 3% in a matter of hours on no news? Because reasons.
All fiat currencies decline to zero. The only difference is the rate at which they decline.
Evil dollar
Euro is the cleanest dirty shirt. Not the $eppo
-More gold then the US
-Net creditor
-no trade deficit
-China's biggest trading partner
-Higher usage population wise
There is a chance that the Greek gangrene could be cut off the European corpus.
Just buy the ATFH and stop worrying about anything else!
I'm so fucking sick of the whole thing that I may have to just stop following it.
Seriously! It makes my blood pressure skyrocket and I can't handle this dysfunctional country and world anymore!
Changeing the wallpaper doesn't fix a leaky roof, but they have plenty of wallpaper and no ladder.
I guess today the machines need Euros, tomarrow they may need Yaun, Yen or USDs. Its not a plan its an hourly position.
...and gold soars $5.00 an ounce!
Wow Wee!! That means...
It's...it's...it's HAMMER TIME!!
It looks suspiciously like the Gold Meisters are setting us up for a big time monkey hammer. They may be trying to encourage gold buying ahead of the big economic/Grexit numbers due out soon. Then they will reverse the Euro, causing the dollar to strengthen, and at the same time hammer gold. I'm waiting...
So is Grexit 'good' or 'bad' for the Euro? I bet no one really knows!
grexit will be excellent for euro. but not yet me thinks ... few weeks from now.
than USD will collapse and small brains will HAVE TO RAISE RATES to save old bucky :-)
Will the grexit trigger private bank derivatives? If so, the global financial system, interconnected as it is, will be in ruins. Bankruptcies of major banks here in US... the FED wont be able to raise interest rates, it may for a very very brief time, but the FED may have to go negavtive to keep the banks afloat. in which case there will be bank runs. I think the complex system will very quickly slip through their fingers and they will be relatively powerless.
Hell yeah! Set up shop in Greece, pay everybody in Drachmas that are worth next to nothing compared to the Euro, which will go up in value compared to other currencies because it no longer has that Grecian anchor pulling it down (or the Spanish, Portuguese, Irish, Italian, French anchors either once the prescedent is set) - then sell the products to the Germans and Brits. Opa!
according to the deflationists its good because there will be more deflation in Europe. Queer deal eh ?
The Euro will steal less of my buying power, so yes it's good.
On a more serious note, deflation is bad on a debt based economy not on limited/fixed money supply such as PM's and crypto (100% reserve economy), the Fiat system just need to die already.
Anyone who thinks the Greeks are going to be allowed out of their debt slavery is deluded.
The extend and pretend will be dragged out forever - there can be no escape.
371.25 grains of fine Silver = 1 United States Dollar per the US Constitution. What's a fed dollar again?
An empty promise, like all Fiat around this planet.
Pretty green toilet paper with faces of dead white men for which you can smear feces upon.
MARC TO MARKET WHERE ARE YOU?!
:)
hes long the dollar in Euros. Thats where
I use to play teeter taughter when I was a kid. the thing just went up and down until we got tired and bored. Then we went and played dodgeball. And yes, I dont have a clue what I am saying anymore. But I say it anyway. :-)
The only reason I check with ZH anymore is hopes there is an article that this entire planet is sucked into a black hole :-)
Words like "collapse", get thrown around more than a gang of outlaw bikers having a marathon Dwarf Toss at Burning Man.
It's not a collapse if it was where it was within a penny a week or month ago. Fer krissakes! It's a decline.
And a bump up 1-3 cents this week or next is not a "skyrocket", it's an increase. Fer Krissakes!!
And of course gold does nothing. Those algos only work when the USD goes up then they monkey hammer gold down. When the USD drops, the algos are turned off.
stateside
lol. I bought aud/jpy last night after the RBA. I figured the majors GBP, EUR, JPY,AUD were all oversold but AUD showed the best R/R for a long trade. That's a nice bearish engulfing candle [daily] that usd/jpy has going on. ;-)
I like all the yen crosses right now. If the yen continues to weaken, and with the majors so oversold vs the $usd, it's a pretty decent setup. Even if the $usd continues to weaken, the majors should strengthen offsetting any yen strength.
AB=C 3D
a 1.0818 b 1.1005 = c 1.0890 d 1.1077 d 1.1121 d 1.1192
ROLMAO