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US Dollar Dumped Against Asian FX As Releveraging Chinese Send Margin-Debt To 6-Week Highs
Chinese stocks are not as exuberant as European, Japanese (which are rolling over), and US markets at the open as they cling to unchanged for the day and week (despite margin debt rising to a six-week high). The main event in AsiaPac trading appears to be a huge re-entry into the EUR-ANY-EM-FX carry trade as The USDollar gets pummeled against Asian FX (despite EUR weakness). PBOC weakened the Yuan fix by the most in 8 days to its lowest in 2 weeks.
Japanese stocks soared during the US session but are fading at the open...
Chinese stocks flat in the pre-open...
Even as Margin Debt hits a 6-week high...
As The Dollar gets pummeled against Asian FX...
and PBOC weakens the Yuan Fix...
With Offshore Yuan pushing to 1-month lows...
Finally, it's almost as if China never shook up the world's carry trading malarkey... only Chinese stocks are still feeling the pain...
Charts: Bloomberg
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The PBOC weakened the Yuan again!
Schizoid!
Jeeez! If you didn't know any better, you'd think that this was a currency war, accompanied by cyber and hot proxy wars in competition for world dominance!
It's as if over billion Chinese laborers screamed out in pain and the Chi-Com government didn't hear a thing ;-)
Hey, hedge accordingly, do you know anything about bitcoin hedging? I have this coin I want to make, a Zero Hedge Coin 0 - the first iteration of a fan currency. I want to do a series of trading tutorials. I figure the first one should be on hedging. http://zhc0.com
Oh, and on topic, we still get that money here in australia. http://www.smh.com.au/business/markets/new-visa-rules-would-push-wealthy...
15horses1donkey.
I think if you keep pimping this idea on Zero Hedge as a cryptocurrency, I am gonna have to track you down, and bitch slap you into the middle of next week for being a pimp ass bankster schill bitcoin wannabe rat bastard motherfucker.
IF ZERO HEDGE HAD A FUCKING CURRENCY OF IT'S OWN, IT WOULD BE MINTED IN INCORRUPTABLE NON HYPOTHECATED NON DERIVATIVE NON MARGIN ABLE SILVER OR GOLD.
Get your shit together, and change your direction while you still have an ass to kick.
Jesus, fucking kids these days. You all think technology is a miracle. All it is is electrons that can be made to go poof any fucking minute now.
Crypto currency is just a fancy name for digital fractional reserve banking - without the reserve, or the bank.
If I blew up your phone right now, you would look like a cow at the slaughterhouse just at the moment the bolt gun goes off - " How could you do this to me ? What'll I do now ? "
Improvise. Adapt. Overcome. Triumph over adversity.
And, transform your idea into minting a fucking physical coin out of noble metals, or I will make you look like a one legged man at a nut kicking contest.
Makes no sense unless it paves the way for the Fed to raise rates "without impacting EM"
FED raising rates. That's a good one.
No. That's a real good one.
What does the BIS expect? Chinese consumers have zero debt and the SWF is shortselling $1.4 trillion in US debt. The reminbi will reach parity, or better agint the usd.
I made my wager and if the rmb goes to parity w/ usd I will have made 600% on my rmb denominated savings.
Would be nice for me.
somehow, someway they'll make this boolish for stawks
The Federal Reserve will just print more money to buy the treasuries via their banks and stash them off-balance sheet which eventually disappear.
What games when the US is given the reserve currency status.
and in the mean tyme economists will post doom and gloom on zerohedge. can anyone see the gorilla? since most here play the fed game in their head, they are being gamed into a mind fuck of cog dis and follow the gloom game of stupidity...
what a waste of emotions.
and, again once moar, the sleeping dragon yawns at sunset only to awaken to a depressed yuan,..
with the frb newfangled tool given too the task of an intolerant professor 'gadget' yellin screaming-- tyme to raise rates and churn the amphitheater 'FX Games' once A`gain?
place your bets,...
Is a 425 point spike up (+2.3%) on the Nikkei 225 now considered rollover territory?
THe weirdest thing hppened overnight to the e-minis. They behaved like the old days when price discovery mattered. There was a pop of about 5 points at the re-open and then a long slow decline with very little volatility even at the cChina open, and the Frandkfurt open, and the London open. It's like all the CBs just took a break.