The First FX Prints Are In...

Tyler Durden's picture

And it is not looking pretty for the dollar. Both the USDJPY and the USDCHF are tumbling following weaker pretrade indications, confirming that the market is indeed starting to listen to the complete cacafony from DC. Ironically, in a world in which USD weakness is SPX strength, will correlation desks send the ES to infinity even as the key marginal driving force is the ever larger fear of US bankruptcy? Or will we finally get decoupling.



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cosmictrainwreck's picture

data sez 11 weeks, 2 days, but never saw him (it?) till last few days... he/she/it all over every thread now - like a kid with a new toy

Conrad Murray's picture

All good trolls make several puppet accounts in anticipation of their banning.

Re-Discovery's picture

i like D cups.  maybe even double d cups

lubyanka's picture

what do the blue horizontal lines at the bottom of the charts mean?

Cognitive Dissonance's picture

Watch it bro. That first step is a killer.

LowProfile's picture

Tyler, I have to disagree with you here.

It looks to me like the dollar is coming off support and is poised to RALLY.  It's already to 74.45  Next stop before a serious decline looks like 77.5.  The EUR looks to be trading opposite the USD.

While I agree that ultimately the USD is toast, you seem to continually jump the gun on it's demise.  Relax, it'll get there.  But first there has to be more than a few pump n' dumps.

USD/JPY certainly looks bearish, although it seems ready to bounce w/in a downward channel.  Sort of makes me wonder if Japan is due for a deflationary event (whodanode).  But USD overall looks very bullish..!

DaBernank's picture

Long Zimbabwe Dollars!

unky's picture

Could you add a pic of the EUR/USD ?

Eric Cartman's picture

Wow, Tyler Durden is very receptive today. 

Cognitive Dissonance's picture

I think Tyler recognizes an inflection point when it slaps him side the head and just wants to share the pure joy of official insanity run amok.

Central Bankster's picture

Seems the institutions are pretty far from the point of "realization".  I can't get one of the biggest bank trust companies in the US to allow me to solicit a physical PM purchase on behalf of a trustee.  Paper PMs only...  the Ponzi lives on. 

Stares straight ahead's picture

Hey Cog!

Can you give us your psycho-analysis of the Norway sniper's manifesto?  Its different from any other I have seen.


Conrad Murray's picture

He plagairized a good bit from the Unabomber's Manifesto.

Stares straight ahead's picture

Well whaddya know!  Identical in parts!

knukles's picture

Ain't like this been a new line of thought for him now, is it....
Good vision, right cynicism, excellent clarity of thought, as in sanity.

unky's picture

Thanks! If I choose "US Dollar Index" then it doesnt show me a drop there?

unky's picture

I will sleep by then I guess

technovelist's picture

The USD/CHF JPG doesn't link properly; I get the USD/JPY JPG instead.

lubyanka's picture

you can just replace the JPY in the URL with CHF

camoes's picture

What about EURUSD, TD? Where do you get this data besides Bloomberg??

slaughterer's picture

Not as bad as I would expect given the likelihood of default risk.  Seriously, I thought this would be worse.    We have friends in Asia, obviously.

Hulk's picture

Nobody actually believes we will default...

Tense INDIAN's picture

now what might happen , does the markets go up because of DOLLAR down move or Markets go down because of this DEBT DEAL FIASCO

equity_momo's picture

At some point both the dollar and the market go down

Mongo's picture

Thankfully reality is not correlated with Wall Street fantasies so at some point Uncle Shit will say hello to Mr Fan

IdiotsOutWalkingAbout's picture

Who is the tallest midget in the room?

knukles's picture

Larry Summers.
No, uh.... Robert Reich
No.... Hmmmmm.  Christina Rhomer.
No!  I know!  Paul Krugman!
The Bernak
Timmah Two hands!

Nah. Larry Summers

Sudden Debt's picture

Just wait untill near end market close in Azia and when no news can't brightens their day, then you'll see some movement.

And if this mess takes another 2 to 3 more days...




knukles's picture


Yeah, as if everything in Europe's been fixed in the last few days, too.
Maybe Juncker, Sarko,, will light another fuse.

slaughterer's picture

I would expect decoupling of the ES from the USD this week.   Expect a market radically incomparable to the one we have grown to know and hate. 

Bear's picture

Why? I have been expecting this every week for the past two years and alas more push, pump and little dump

CoopDeluxe's picture

Best comment of the thread.

Sudden Debt's picture


I might even slip in a 20 ;)