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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.

USDJPY:

USDCHF:

 

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Sun, 07/24/2011 - 16:08 | 1488188 rajat_bhatia
rajat_bhatia's picture

OOpsie!!!

Sun, 07/24/2011 - 17:14 | 1488471 Oracle of Kypseli
Oracle of Kypseli's picture

New troll in town

Sun, 07/24/2011 - 17:39 | 1488567 cosmictrainwreck
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

Sun, 07/24/2011 - 17:50 | 1488610 Conrad Murray
Conrad Murray's picture

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

Sun, 07/24/2011 - 18:24 | 1488772 Central Bankster
Central Bankster's picture

Nice call on short gold!

Sun, 07/24/2011 - 16:09 | 1488190 Re-Discovery
Re-Discovery's picture

i like D cups.  maybe even double d cups

Sun, 07/24/2011 - 16:10 | 1488191 hack3434
hack3434's picture

Nice!

Sun, 07/24/2011 - 16:11 | 1488193 lubyanka
lubyanka's picture

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

Sun, 07/24/2011 - 16:11 | 1488200 Tyler Durden
Tyler Durden's picture

Current prints.

Sun, 07/24/2011 - 16:14 | 1488216 Cognitive Dissonance
Cognitive Dissonance's picture

Watch it bro. That first step is a killer.

Sun, 07/24/2011 - 18:02 | 1488604 LowProfile
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..!

Sun, 07/24/2011 - 16:16 | 1488223 fuu
fuu's picture

gaps

Sun, 07/24/2011 - 16:10 | 1488197 DaBernank
DaBernank's picture

Long Zimbabwe Dollars!

Sun, 07/24/2011 - 16:11 | 1488201 unky
unky's picture

Could you add a pic of the EUR/USD ?

Sun, 07/24/2011 - 16:20 | 1488252 Tyler Durden
Tyler Durden's picture

Sun, 07/24/2011 - 16:22 | 1488271 Eric Cartman
Eric Cartman's picture

Wow, Tyler Durden is very receptive today. 

Sun, 07/24/2011 - 16:51 | 1488375 Cognitive Dissonance
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.

Sun, 07/24/2011 - 17:24 | 1488521 Central Bankster
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. 

Sun, 07/24/2011 - 17:44 | 1488592 Stares straight...
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.

Thanks,

Sun, 07/24/2011 - 17:54 | 1488624 Conrad Murray
Conrad Murray's picture

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

http://bit.ly/o4WDg1

Sun, 07/24/2011 - 20:36 | 1489210 Stares straight...
Stares straight ahead's picture

Well whaddya know!  Identical in parts!

Sun, 07/24/2011 - 18:04 | 1488672 vocational tainee
vocational tainee's picture

it is simply hate driven..

Sun, 07/24/2011 - 19:16 | 1489024 knukles
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.

Sun, 07/24/2011 - 16:27 | 1488290 unky
unky's picture

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

Sun, 07/24/2011 - 16:55 | 1488384 snowball777
snowball777's picture

Wait a few hours.

Sun, 07/24/2011 - 17:13 | 1488467 unky
unky's picture

I will sleep by then I guess

Sun, 07/24/2011 - 16:51 | 1488376 technovelist
technovelist's picture

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

Sun, 07/24/2011 - 16:59 | 1488401 lubyanka
lubyanka's picture

you can just replace the JPY in the URL with CHF

Sun, 07/24/2011 - 17:02 | 1488416 technovelist
technovelist's picture

Thanks!

Sun, 07/24/2011 - 16:11 | 1488202 camoes
camoes's picture

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

Sun, 07/24/2011 - 16:14 | 1488210 Re-Discovery
Re-Discovery's picture

try fxstreet.com  both eur and usd suck now   usd more

Sun, 07/24/2011 - 16:22 | 1488272 camoes
camoes's picture

Thanks, everyone!

Sun, 07/24/2011 - 16:12 | 1488205 slaughterer
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.

Sun, 07/24/2011 - 16:53 | 1488382 Hulk
Hulk's picture

Nobody actually believes we will default...

Sun, 07/24/2011 - 16:13 | 1488207 Tense INDIAN
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

Sun, 07/24/2011 - 16:32 | 1488304 equity_momo
equity_momo's picture

At some point both the dollar and the market go down  http://www.youtube.com/watch?v=2N8gJSMoOJc

Sun, 07/24/2011 - 16:13 | 1488209 Mongo
Mongo's picture

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

Sun, 07/24/2011 - 16:14 | 1488214 IdiotsOutWalkin...
IdiotsOutWalkingAbout's picture

Who is the tallest midget in the room?

Sun, 07/24/2011 - 19:20 | 1489035 knukles
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

Sun, 07/24/2011 - 16:14 | 1488215 Sudden Debt
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...

LOOK TURKEY VULTURES!!

 

 

Sun, 07/24/2011 - 19:23 | 1489047 knukles
knukles's picture

LOL

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

Sun, 07/24/2011 - 16:15 | 1488219 slaughterer
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. 

Sun, 07/24/2011 - 17:39 | 1488573 Bear
Bear's picture

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

Sun, 07/24/2011 - 16:17 | 1488229 Diatribe
Diatribe's picture

Sun, 07/24/2011 - 16:18 | 1488241 CoopDeluxe
CoopDeluxe's picture

Best comment of the thread.

Sun, 07/24/2011 - 16:21 | 1488258 Sudden Debt
Sudden Debt's picture

TELL ME MORE!!

I might even slip in a 20 ;)

Sun, 07/24/2011 - 16:35 | 1488315 angmikey
angmikey's picture

What happened to using a dollar?

 

Sun, 07/24/2011 - 16:45 | 1488359 In Vino Veritas
In Vino Veritas's picture

Inflation. :-)

Sun, 07/24/2011 - 17:01 | 1488412 snowball777
snowball777's picture

Same thing happened to her rack.

Sun, 07/24/2011 - 17:02 | 1488414 Urban Redneck
Urban Redneck's picture

Try Switerland, the smallest fiat banknote is now USD 12.33 and I can't imagine strippers like coins (and at the high-end a single piece of SNB cotton-linen blend can buy $1,233.65 of happy endings).

Sun, 07/24/2011 - 16:17 | 1488234 Debtless
Debtless's picture

Once again REGULAR PEOPLE couldn't give a rat's ass about any of this. They don't trade this nonsense - and aren't worried or affected by these DC games. This is only for folks who push numbers around for a living. Often far too good a living, mind you.

Sun, 07/24/2011 - 16:19 | 1488235 John McCloy
John McCloy's picture

How is this not all baked in for the last 2 weeks and Dow rallies. Sell the news is imminent. Right now the dollar has nowhere to go but up since the EUR (S&P) has nowhere to go but down further devaluation and only they are subject to a sovereign road block. Who would have thought we would see the day that QE must continue globally along with 0% rates and never before seen propaganda coming from all sources of govt to promote the idea that "Deflation is evil" and that in order to save the system the peasants must be stripped of all their purchasing power. 

  Meanwhile we have 100 oil..Enjoy..All that is left now is exponential more of the same with a 3 Trillion QE program being announced, confiscation of Gold/Silver, margin hikes, another 2 stimulus programs and releasing all of the oil reserves just to keep us above water level and all to pretend that this is sustainable. Forget about the 2000 crash and 2008 this is going to be the crash to end all ponzi schemes and it will occur in 4 days times.

  The moment a nation defaults in the Eurozone due to riots and political resistance it all ends.

Sun, 07/24/2011 - 16:25 | 1488282 HellZero
HellZero's picture

Don't you need more balance sheet for QE3? And Raise the debt ceiling just to fill the BS up with more debt? 

Just cant see the Chairsatan managing to do it without a very angry population (both domestic and international ) on his hands!

Sun, 07/24/2011 - 16:35 | 1488319 mayhem_korner
mayhem_korner's picture

They just went from 13-column to 15-column paper...Voila - more balance sheet. :D

Sun, 07/24/2011 - 23:52 | 1489687 SirIssacNewton
SirIssacNewton's picture

I'm not sure we are going to see it all crash in four (4) days, but the writing is on the wall.......blood is the streets......and it's all down here from now.  The EE and TBTF still want this facade to continue for as long as it can so they can rob everything not nailed down.

Sun, 07/24/2011 - 16:18 | 1488236 Eric Cartman
Eric Cartman's picture

Limit down, bitchez! I like this new layout by the way. Kewww!

Sun, 07/24/2011 - 16:18 | 1488239 Brian
Brian's picture

Massive stock drop would reverse the USD drop, as margin calls create uber-demand for USD.

I expect to see all assets tank if the stock market drops substantially (even gold and silver) for a short period while the instant and massive liquidity crunch unfolds.

From there, the USD will drop and those assets will rebound, but beware.  I think this current "flight to safety" in advance of equity market opens is a head-fake.

--Brian

Sun, 07/24/2011 - 16:33 | 1488310 10044
10044's picture

Your expectation sucks
Respectfully,

Sun, 07/24/2011 - 18:00 | 1488651 boiltherich
boiltherich's picture

Net foreign investment in the USA in the last few years has almost all gone into the debt markets with less than 10% going into equity, thus a margin call situation because of a blow off to the downside in stocks would be like a candle next to a medium sized star.  The volume of the daily ForEx markets would not even notice such a margin event.  Anyway, a US equity collapse large enough to trigger widespread margin calls for foreigners would trigger a lot more selling by them which would then be expected to be turned into their local currency thus swamping the demand for dollars because of lower stock prices. 

TYLER D.:  Hey, like the new format but what did you do with the spellcheckerz?  Most of Uds are spell chex kripples. 

Sun, 07/24/2011 - 16:19 | 1488245 AldousHuxley
AldousHuxley's picture

Pirates and Emperors (from SchoolHouse Rock makers of How a Bill becomes a law)

http://www.youtube.com/watch?v=mEO3RWnHb4E&feature=related

Sun, 07/24/2011 - 16:19 | 1488248 Franken_Stein
Franken_Stein's picture

 

Is this an exhaustion gap or an island gap ?

 

Sun, 07/24/2011 - 16:54 | 1488289 Franken_Stein
Franken_Stein's picture

 

And where are the Bollinger bands and moving averages.

They're the only useful indicators in FX trading nowadays.

Oh and Goldman / Deutsche Bank FX trading outlooks, with negative sign in front of it of course.

 

Sun, 07/24/2011 - 16:21 | 1488257 Atomizer
Atomizer's picture

Lets collude two failing systems into one. No one is looking.

 

Ben S Bernanke: The Dodd-Frank Act

 

A second major objective of financial reform is to mitigate the threats to financial stability

posed by the too-big-to-fail problem. Here the Dodd-Frank Act takes a two-pronged

approach. The first prong empowers the Federal Reserve to reduce a SIFI’s probability of

failure through tougher prudential regulation and supervision, including enhanced risk-based

capital and leverage requirements, liquidity requirements, single-counterparty credit limits,

stress testing, an early remediation regime, and activities restrictions. The Federal Reserve

and other agencies face the ongoing challenge of aligning domestic regulations with

international agreements, including the Basel III requirements for globally active banks.

These efforts are going well; in particular, the Federal Reserve expects to issue proposed

rules on the oversight of SIFIs later this summer and, working with other banking agencies, is

on schedule to implement Basel III.

 

http://www.bis.org/review/r110722a.pdf?frames=0

Sun, 07/24/2011 - 16:22 | 1488268 AldousHuxley
AldousHuxley's picture
School House Rocks - Tyrannosaurus Debt (from SchoolHouse Rock makers of How a Bill becomes a law)

 

http://www.youtube.com/watch?v=_mfMG66LtVU&feature=related

Sun, 07/24/2011 - 16:22 | 1488270 vegas
vegas's picture

Shaping up to be one wild-ass trading day

Eat your peas and drink plenty of milk and remember, per excrement Bernank, BTFD.

Sun, 07/24/2011 - 16:22 | 1488273 Catullus
Catullus's picture

Please keep your hands and feet inside the vehicle. The DC Insano Rollcoaster is about to begin. Principled individuals and pregnant women should not involve themselves in this ride. Be sure to check out the gift shop for all your interest rate and FX swap T-shirts and accessories.

Sun, 07/24/2011 - 16:23 | 1488275 Subprime JD
Subprime JD's picture

Eurusd 1.436 hasnt moved much yet

Sun, 07/24/2011 - 16:24 | 1488278 hungarianboy
hungarianboy's picture

Shit I miss the John Noyce FX weekly update. can anybody send or post a link?

thanks.

Sun, 07/24/2011 - 16:43 | 1488353 notRobot
notRobot's picture

i can send an mp3 of Noyce-inspired tounge-and-lip sound effects, if u want.

Sun, 07/24/2011 - 16:27 | 1488291 Caviar Emptor
Caviar Emptor's picture

Though the dollar walks through the valley of the shadow of death, I am not afraid. I have gold. My cup runneth over. 

Sun, 07/24/2011 - 16:32 | 1488307 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1600

You and me too brother.

Sun, 07/24/2011 - 16:35 | 1488317 Caviar Emptor
Caviar Emptor's picture

Wink Wink

Sun, 07/24/2011 - 16:27 | 1488292 Byte Me
Byte Me's picture

TD

These are of themselves not very big gap (pre-) opens. If you were observing 2,3,5 cent gaps -- well that would be something to get up about. If they maintain this sort of range they'll probably be closed fairly quickly after opening.

Sun, 07/24/2011 - 16:32 | 1488305 Caviar Emptor
Caviar Emptor's picture

That's cause many don't believe for a minute we won't raise the debt ceiling. 

Sun, 07/24/2011 - 16:59 | 1488400 Byte Me
Byte Me's picture

Based upon history and past performance, they'd be right to believe that -- and follow the trend.

Sun, 07/24/2011 - 16:29 | 1488296 RockyRacoon
RockyRacoon's picture

It's a test balloon.  There will be a "compromise" of some sort JIT to open the morning with smiles and sunshine.

The test is to see just how much damage COULD be done.   It think Congress has just shat their pantaloons.

Sun, 07/24/2011 - 16:34 | 1488313 DoChenRollingBearing
DoChenRollingBearing's picture

Congress?  Naah, clueless.  besides, they're probably still hungover.

Sun, 07/24/2011 - 16:50 | 1488370 Kali
Kali's picture

ha, not even out of bed with their 10K hookers.

Sun, 07/24/2011 - 16:56 | 1488391 Hulk
Hulk's picture

Wonder if that is debit or credit???

Sun, 07/24/2011 - 17:05 | 1488430 snowball777
snowball777's picture

Cash-only, they know who they're dealing with.

Coming Soon: gold or silver only.

Sun, 07/24/2011 - 19:34 | 1489072 knukles
knukles's picture

Oh, that'd be sooooo nice.
Open the morning with smiles and sunshine.
Then maybe Boner and Omama would take that extended week vacation in the two man tent at the nude area of Camp David togeather.
Like O twitted yesterday, that Boner was his BFF.
Honest... it was on the news (not MSM, stupid)
And maybe Lloyd'd loan them his rainbow Skittles shitting unicorn for a petting animal.  What a week!  No golf, no fancy food, no limos, no sycophants agreeing to everything, just back to nature, heat, humidity, ticks, spiders, poison ivy, heat rash, crapping in a hole you dig yourself, warm water for that refreshing treat. 
An idylic recpature of pure humility.

Why we all can't just get along?

Sun, 07/24/2011 - 16:35 | 1488318 Buck Johnson
Buck Johnson's picture

Obama is thinking that letting the markets flounder will force the republicans ttto his side.  But the republicans think that the market will force Obama to wilt.  Two fools and their camps are throwing a keg of dynamite back and forth and they haven't realized that they are both to close to the keg and it will take them both out when it explodes.

Sun, 07/24/2011 - 16:49 | 1488368 mayhem_korner
mayhem_korner's picture

Nice visual.
The MSM and the sheeple are so engrossed in the political battle that thy don't see the importance of the potential wake-up call that will come with even a minor derailment of pretend and extend.

We are in the late innings, my friends.

Sun, 07/24/2011 - 16:53 | 1488373 mayhem_korner
mayhem_korner's picture

Dupe

Sun, 07/24/2011 - 16:39 | 1488334 Debtless
Debtless's picture

The real fun will start when the official downgrades begin.

This debt limit debate is just kabuki.

Sun, 07/24/2011 - 16:39 | 1488335 GeneMarchbanks
GeneMarchbanks's picture

Tyler meant to write 'cacophony' of course. But good use of the word none the less, meaningless static.

Sun, 07/24/2011 - 16:39 | 1488337 No Bid
No Bid's picture

Gotta decouple.  No way after all the SPX strength over the last week that Monday opens green.  Profit taking and a decent reason to sell means red open, red finish, imo.  

 

Sun, 07/24/2011 - 17:21 | 1488504 Bear
Bear's picture

SPY dropped .50 during the afternoon on Friday ... nothing seems to have changed much since then except for Dingy Harry's 2.5T 10 year plan

Sun, 07/24/2011 - 18:04 | 1488675 No Bid
No Bid's picture

i would think volume picks up a touch tomorrow vs friday.

Sun, 07/24/2011 - 16:42 | 1488346 ThirdCoastSurfer
ThirdCoastSurfer's picture

Wow! That's a gap fill that even Michael Strahan is jealous of! 

Sun, 07/24/2011 - 16:44 | 1488355 What_Me_Worry
What_Me_Worry's picture

(Total Score:2)

Sun, 07/24/2011 - 16:43 | 1488350 What_Me_Worry
What_Me_Worry's picture

I would guess this thing will cause a dollar spike after the knee-jerk reaction is over.  Won't there be tons of margin calls if there are major moves in every market at once?  Not everyone is hedged 1:1 and bot monkeys will quietly exit stage left once the tomatoes start flying.  Might take a few days to gather momentum.  Of course, everyone who has the ability to give an opinion on Debtapalooza says a deal is imminent before "whatever arbitrary event".

Anxiously awaiting JGB to buy USDs with freshly printed JPY and burning them live on a press conference.  I think that's the only option they have left.

I'm guessing they needed to give the great "American" people something to keep them entertained since the NFL is still down and American Idol is over.  Can't have bread and circus without the circus.  Although, at this rate they won't have the bread, either.

Sun, 07/24/2011 - 17:22 | 1488512 Ghordius
Ghordius's picture

Burning money is patriotic, by jingo!

Sun, 07/24/2011 - 16:53 | 1488379 virgilcaine
virgilcaine's picture

hopefully susan li of bloomberg will have something silky on to set the mood @ 7pm ET.Turn up the ac at HK .

Sun, 07/24/2011 - 19:37 | 1489084 knukles
knukles's picture

Liz Clayman.

Sun, 07/24/2011 - 16:55 | 1488386 holdbuysell
holdbuysell's picture

"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."

Tyler, based on the above sentence, are you expecting a decoupling at some point?

Sun, 07/24/2011 - 17:33 | 1488558 steveo
steveo's picture

At some point yes, but with a strong correlation, it is a fools game to bet money that you picked the exact right time for the correlation to end.   And in the zone bet, bets on continued correlation.

Sun, 07/24/2011 - 16:58 | 1488388 Slap That Taco
Slap That Taco's picture

EDITED: Dollar move not newsworthy.  I hate the new format, by the way.  Peace out, bros.

Sun, 07/24/2011 - 17:05 | 1488428 mayhem_korner
mayhem_korner's picture

Can you delete all yer other posts on the way out? You know, free up some space 'n' all.

Sun, 07/24/2011 - 19:11 | 1489018 Slap That Taco
Slap That Taco's picture

OK.

Sun, 07/24/2011 - 17:13 | 1488464 unwashedmass
unwashedmass's picture

gold. gold. gold. gold. gold.

everyone holding gold sleeps tight tonight.

gold. gold gold. gold. gold gold.....

everybody wang chung tonight.

Sun, 07/24/2011 - 17:33 | 1488559 Triggernometry
Triggernometry's picture

Silver too, but I see platinum and palladium taking a dip with auto productions still trudging.  Play the ratios...

Sun, 07/24/2011 - 17:15 | 1488479 Bear
Bear's picture

Congratulation Tyler ... your ads are really going mainstream

Sun, 07/24/2011 - 17:26 | 1488525 HUGE_Gamma
HUGE_Gamma's picture

zero hedge on shareposts?

Sun, 07/24/2011 - 17:44 | 1488591 pebblewriter
pebblewriter's picture

Not to oversimplify things, but this is equity chart that matters the most right now.

http://pebblewriter.blogspot.com/2011/07/chart-that-really-matters.html

 

Sun, 07/24/2011 - 17:45 | 1488596 TheGoodDoctor
TheGoodDoctor's picture

Won't this help with American exports overseas? /sarcasm off

Sun, 07/24/2011 - 17:54 | 1488626 gunsmoke011
gunsmoke011's picture

Actually - I would find this extremely encouraging - if I believed for one minute that the Republican would not cave once Wall Street opens. I suspect we will see a deal by about 10:00 A.M. once the market opens and the MSM has a field day with the "Boehner Drop" and places ALL fault on the Responsible Party -- which is not to say the one responsible for the drop.

Sun, 07/24/2011 - 18:08 | 1488700 speconomist
speconomist's picture

I am somehow confused, what do you mean by print, the spot exchange rate? Something else?

Sun, 07/24/2011 - 18:27 | 1488787 Central Bankster
Central Bankster's picture

E.G.  Gold Futures "printed" a high of 1607.7 on 7/22.

Sun, 07/24/2011 - 18:45 | 1488895 speconomist
speconomist's picture

Thanks!

Sun, 07/24/2011 - 19:10 | 1489013 laomei
laomei's picture

Guess who just emptied all US accounts and went physical on friday?  Yep, that'd be me.  Kinda cool holding 2kg of gold and not in the US at that.

Sun, 07/24/2011 - 20:07 | 1489154 Don Keot
Don Keot's picture

Let me see now. If the Fed raises the interest rate on the money it loans to the banks to buy the treasuries does that mean the interest rate on the treasuries has to go up to "attract" the banks to purchase the said treasuries? Is that what a downgrade means?

Sun, 07/24/2011 - 21:00 | 1489267 Yen Cross
Yen Cross's picture

  usdjpy has bounced back to the Friday close, but I would take a look @ the COT chart for futures reads... Heavily long Yen!

Sun, 07/24/2011 - 21:01 | 1489271 robertocarlos
robertocarlos's picture

I'm Canadian and my Dad gave me a tonne of US cash to hold for him. My parents had it for years now. I asked him why he didn't change it to CDN dollars and he says it's still worth a dollar in the US.

Mon, 07/25/2011 - 06:36 | 1489995 Yen Cross
Yen Cross's picture

  The Fed can trade at  (225 billion/ 14.3 trillion) I can trade @ 50:1 on currencies and 1:1 PM's. Or I can trade ETF's . Or buy a CME seat. What happened to CFD's?

 

    F... The FED and the breakdown has begun!!!!

Tue, 08/23/2011 - 23:30 | 1593556 karmete
karmete's picture

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Mon, 12/19/2011 - 04:44 | 1993483 simoniddings
simoniddings's picture

Consumer expectations are running wild, and speculators are jumping at every sign of pessimism. The current climate of fear plus the unpredictability of stock markets would make some people very rich, while bankrupting others. Will 2012 be a better year?

 

Simon - http://www.idpro.co.uk

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