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EURUSD Plunges To 1.09 Handle - Lowest In 11 Weeks
With the biggest 2-day plunge in 9 months, EURUSD has broken back to a 1.09 handle this morning. It appears Mario Draghi has officially become US Corporate CEOs greatest nemesis (along with BoJ's Kuroda) as The USD Index surges to 3-month highs...
350 pips... on Draghi's words...
This will not please US CEOs...
Meanwhile, as we just noted, China's offshore Yuan is plunging to 1-month lows...(and decoupling from the onshore market suggesting outflows are accelerating)
Charts: Bloomberg
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Who needs jobs when you can import everything you need?
Euro Trash...
Here is a new definition from one of Goldman's own, Mario..
Parity, Bitchez.
(where's the Yen Cross take on this?)
BTC up 8 of the last 9 weeks with weekly volume tabs meaningfully higher than the rest of 2015. A C C U M U L A T I O N
H E D G I N G - fixed it for you. Like all hedges, this involves a certain amount of risk.
So, we have a STRONG dollar, 6+ year of ZIRP/NIRP, the ten year back to 2.0% and equities continue to go UP?!?!
Any idea how much longer we have to live in bizarro world?
Things really are laughable now.
Any idea how much longer we have to live in bizarro world?
I think the quote is something like, "The market can stay irrational much longer than you can stay liquid."
Algos have no logic. We are living in a very delusional time. We all know the sell side analcysts are less trustworthy than a Nigerian prince looking for a bridge loan. We know that there is no way out of the debt death spiral. We all know that the central banks (central bank the people that own the world own them all) will keep printing. Shit the FEDs only option will be to print moar to stem the tide of dollar strength and the shitshow goes on and on.
Its only a currency war if your in the bottom 99.9%. The top of the FED chain will own moar and moar until we get back to the economy of the 1890's. Welcome to the world circa 2030.
We wait for the event. Many possible events out there but when the first one hits there is no resilience left in the system to absorb a shock.
This is good for Eurozone in the real economy; not in the Virtual economy.
But the US lives in the virtual economy! ...
fist fuck us ceos up the ass
Euro ceo?
Not a good day trading the Forex market for me now I know why..Especially Thursday I am a good Forex trader but Thursday and today looks like several banks and countries were selling Euros before the news even came out,, It seems like someone had inside information.. To move that(Forex) market you need collaborations and conspiratorial circumstances with governments and Banks... it's not like the Stock market were Goldman Sachs Riggs with no consequential punishments only small fines and then back to business as usual Thanks ZEROHEDGE feel better now and keep posting the truth!!