Hong Kong Dollar De-Pegging Risk Spikes As Yuan Slides, China Stocks Drop To 2-Year Lows
Update:
- SHANGHAI COMPOSITE INDEX FALLS 20% BELOW DECEMBER HIGH
To 2-Year Lows...
Offshore Yuan is being dumped again...
And The Hong Kong Dollar is under sever pressure within its peg band...
As De-Pegging risk expectations ramp up...
As we detailked earlier,following last night's notable weakness in Chinese stocks (now down 15-25% year-to-date) and today's plunge in US markets, Offshore Yuan has begun to tumble lower once again ahead of today's Yuan fix. Having slapped short Yuan speculators with a dire liquidity withdrawal, it appears traders are seeing through the "over-invoicing" bullshit of last night's trade data and outflows appear to have restarted. Equities across AsiaPac are tumbling despite PBOC injecting a massive CNY160bn of liquidity (and modestly strengthening the Yuan fix), as safe-haven flows push 10Y China bonds to 2.70% - a record low.
Chinese bonds just hit a record low yield...
- *CHINA 10-YEAR BOND YIELD DROPS 3 BPS TO RECORD 2.70%
Offshore Yuan is selling off again...
And Chinese equities are a bloodbath in 2016...
And tonight's open is not helping...
- *MSCI ASIA PACIFIC INDEX EXTENDS LOSS TO 2.3%
- *FTSE CHINA A50 JANUARY FUTURES FALL 1.7% IN SINGAPORE
- *SHANGHAI COMPOSITE FALLS BELOW AUGUST CLOSING LOW
But China "flu" appears to be spreading as carry trade unwinds spread to JPY...
Japanese stocks are plunging - NKY down 700 points from its US session highs...
To its weakest since Oct 2014...
Get back to work Mr. Kuroda!!!
Charts: Bloomberg
(12 votes)
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"And go where? Libertarian? Republican? "
Free yourself.
Abandon the failed bi-polar two-dimensional duopoly.
http://www.propertarianism.com/en_US/
Whoa...Nikkei down -3.85%, ouch!
High Frequency Plungers. Not to be confused with the Kamikaze Protection Team.
HFP. Sounds like a porno.
(Ding! & a crackling microphone voice)
This is your captain again. As you all have noticed both of our port engines tore off during takeoff and the other two are on fire. We attribute this to not enough faith back there. We've corrected the tailspin now so once everyone fills up the barf bags, please place your head between your legs and kiss your ass goobye.
And once again, thank you for flying Keynesian Air.
+10!
that's gona leave a sideways mark in some panties!
Paging Jimmy Cramer/ I usually don't beat traders up.
But Cramer has a special spot on my " shit list".
Go Pro is fine! It's fiine!!
I'm sorry for getting snappy with you, the other day.
You're a lot of fun to trade with. :-)
Bullish Gold yet , YC ???
Shorted it earlier. That right shoulder keeps building off of that H/S (continuation) pattern from Sunday.
Tiawan>0.030 US Dollar = how many offshore yuan?Gold will make you pay dearly for treating it like a play toy.
I got terrorized. You were correct, regarding your due diligence.
I know brother. We've had a long history. I've just had several avatars.
:)
Thanks for understanding.
Some days I just love reading the comments over on stocktwats. You have to be a different kind of stupid to take advice from"pro's" buying the ATFH
LOL, I'm sensing a new meme here
As the saying goes... Never be afraid to buy a new high or sell a new low.
Tonight? I'm going with the latter, and apparently I'm not alone.
Hope this is just the foreplay...
Two things that could/will make this the "most interesting" stock market since the 30's
1. Just imagine if all those Chinese that cannot sell were unleased.
2. Iranian oil will hit the markets on Monday further killing the price.
Stay thirsty my friends.
House of Pain !!!!!!!
I must can't get that image out of my mind watching Slim Picken's ride that nuke to oblivion going "YeeeeHaaaaa."
Reminds me of Leonardo DiCaprio in that movie "The Revenant". Its brutal man... dudes getting raped by bears and all kind of shit.
Allways hoped for DiCreppio getting raped by a bear somhow,just hope the bear has some wood left for Mr Weinstein....
Who gives a rats ass. The us futures just went green! Crisis over.
No, that's gangrene.
"Unpatriotic bastards! I'll see you all rot in hell for selling our government owned company stawks!!!" - Vice Public Security Minister Meng Qingfeng
Well!
Now we're getting somewhere ;-)
Brent 29.70
http://finviz.com/futures_charts.ashx?t=QA&p=d1
I have got Brent at 29.93 at Investing.com live charts.
WTI is holding at 30.56
OMG
BTW..Investing.com is real time live charts without any fee. FYI.
Ooops...delayed.
Full disclosure...I have no financial interest in any website to which I link.
China has no "external" debt. Interesting.
And is why I am sitting on a pile of reminbi.
I won't get off it, I am stubborn!
Why does the rmb keep dropping when China has no debt and the largest, untapped, consumer base on EARTH????
Arggravating! It was a great strategy for years but, now it is going against me! I refuse to convert to USD because I want to stay diversified.
This goes against reason!
Perhaps it is unwise to assume the Chinese intend for their markets the behave the way the west believes they should behave? Perhaps the numbers you see are more useful as a leash to control the behavior of others. Imagine if the internal creditors in China suddenly forgave the debt. What would China look like then? What would the world look like?
I highly recommend Popcornopolis Chigaco style popcorn. You get carmel corn and the savory kind in the same bag.
Let me know if you think tonight is getting wild enough to break out the pistachios...
Roger that.
The Ethiopians sang it best. Seems to fit tonight. To all those youngsters out there - give this a listen. Good stuff Mon. Rastafari.
https://www.youtube.com/watch?v=nu4Bd4GNJ3o
Very interesting to see how the Asian markets handle the US meltdown today on really no major news.
The Chicom's will now probably turn the tables and blame their market implosion tonight on the US Markets "turmoil" from today.
How did we arrrrive at this daaark situation ! Us short sellers will be sent to gitmo !
Don't gitmo unless you needmo
We don't need no water. Let the motherfucker burn. Burn motherfucker. Burn.
https://www.youtube.com/watch?v=WbAqWA-dxvw
I will admit when the markets get "interesting" I do tune into CNBS to see what Fed talking points the "Janet Gimps" are spewing on TV.
I have noticed a distinct change in the rhetoric every since the Chicom meltdown at the beginning of the year. Even the Gimps are acknowledging the weakness in the markets and the propensity of the markets to turn on a dime at a moments notice and drop deep into the red. All of the pro Fed cheerleading has abruptly stopped, and they are even quoting "guests" that say the S&P could drop into the 500's, a 75% correction ( same dude was ZH subject of an article the other day.
It's almost as if they are preparing their lemmings for the market to go considerably lower. I have certainly noticed the change, hell, even Kramer is negative on the markets right now.
That stacey Julie Hyman on Bloomberg actually uttered the word CAPITULATION, which means her husband is sitting in cash.
Where is Janet Felon?
Haven't seen her mug all year!
?????
You're just noticing the changing of phases.
The lord giveth and the lord taketh away. Which translated for our purposes really means that as lords of money the power to give is only made complete with the power to take away.
So if you're going to rightly lord over money you have to take away sometimes to completely dominate someone.
They are in the "OFF" phase currrently which if you are paying attention means.......
Um.... sell?
If I was really going to be cheeky I'd say short until we change phases and we'll tell you by starting to talk about helping again.
All manipulation that a few people benefit greatly from but to do a proper shakedown you have to get the party shaking good first.
Goldman Sachs lent Ted Cruz money for his 2012 Senate bid,.
http://www.freerepublic.com/focus/f-news/3383360/posts
Message from China: Wall Street is trying to short our currency
Bunch of nervous nellies. Everthings fine. This is a distraction from the Syrian mess plus Saudi descent. What do they have to do to get a income stream after the oil runs out. That's going to make a good movie
Petting zoos ?
looks like a lot of bounces of the ball all lining up. if they don't bounce the near future looks grim.
isn't it interesting that no one is calling for qe this time even though things have never looked as bad as this almost since qe was started.
usa futs are green so it doesn't care.....for now.
why would you want to own anything---other than puts