International markets traders banter

[sinner]

Extremely low liquidity tonight on the EURUSD, even for a Monday.

Single trade for the day was a long on the EURUSD, exited at 1:1 R on expectations of small moves, price managed to jump another R after a retrace though. I'm not comlaining, considering the crappy liquidity.

Starting to look pretty distributiony on the hourly chart there. Time for a relief rally in the USDX?

 

[sinner]

Aussie dollar desperately searching for a bid in 0 liquidity.

 

[Trembling Hand]

Aussie dollar desperately searching for a bid in 0 liquidity.

Gee ya got that right. The USD is getting smacked around against everything cept the AUD & NZD.

Poor little skippy,

 

[sinner]

Gee ya got that right. The USD is getting smacked around against everything cept the AUD & NZD.

Poor little skippy,

From what I can see it is real money doing the selling and specs trying to get back into their carry trades. So probably it'll go until it doesn't anymore. Obviously any USD strength in the face of this kind of AUD weakness is going to do some serious damage.

I've been trading EURUSD tonight and seeing the same signs as I saw in the AUD market today, definitely looks like there just aren't any bids for EUR around.

The week so far...

 

[sinner]

Deceptacons out in full force tonight, taken a loss on trying to outsmart them...

 

[mr. jeff]

Deceptacons out in full force tonight, taken a loss on trying to outsmart them...

Sitting on a short.
It may hurt.
Can't outsmart the market.

 

[skyQuake]

Sitting on a short.
It may hurt.
Can't outsmart the market.

Hope it was AUD shorts!

 

[kid hustlr]

Hope it was AUD shorts!

Didn't they come after it. I was looking for some kind of a bounce off the low and it just never came.

Haven't had a good look through the minutes/speech yet, too busy trying to trade the vol!

 

[peterfootwork]

Do ya recon everyone is just waiting for China PMI???

 

[Trembling Hand]

Do ya recon everyone is just waiting for China PMI???

To do what?

 

[peterfootwork]

To do what?

To wake me up today.

 

[Trembling Hand]

To wake me up today.

You're not looking at the June SPI are you?

 

[peterfootwork]

You're not looking at the June SPI are you?

I have graduated from being a noob, from the last contract roll!!

It just seems (to me) to want have a small range until it has permission to do otherwise.

Cheers

 

[boofis]

So much red through the entire watchlist LOL.

 

[skc]

Something might go haywire soon?

http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25

It seems liquidity (or counterparty mistrust) is beginning to reach extreme levels in China as the nation's banking system is now quoting overnight repo transactions at 25%. The explosion in funding costs echoes the collapse in trust (and surge in TED spread) among US banks in the run-up to the Lehman bankruptcy.

 

[sinner]

Something might go haywire soon?

http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25

Yerp! and if you're a long time ZH reader, you will notice that the last time Chinese interbank yields were spiking like this was 2010, right when the Shanghai Comp was running ~3100.

 

[CanOz]

Looks like FXI has taken a beaten lately too...too late to get short...need a PB.

 

[kid hustlr]

asdfs;dofkjs;dlfkjsd;flkj

My god I got carted today. Great day for trading too, theres just too many big boys + better players than me!

 

[CanOz]

Something might go haywire soon?

http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25

Thursday, 20 June 2013 3:51:36 PM (CN) PBoC meets banks and informs them not expect liquidity help - financial press- PBoC will NOT blink first in any serious confrontation - Certain banks need to do a self-criticism, would like to see them cut loans to sectors with overcapacity, cut leverage, and curb bill financing **Reminder: On Jun 20th PBoC official said that banks were being starved of liquidity in order to make them more responsible about their lending **Note: China overnight repo rate continued to rise, currently near 25% (highest in more than ten years); O/N rate fixes at 12.85% (record high) - Source TradeTheNews.com

Figured TTN would have the unbiased story...Zero is a little bearish...all the time lol...

 

[MARKETWINNER]

If we analyze emerging markets it's been fairly violent and extreme during last couple of days. Emerging market currencies, stocks and bonds suffered a fierce sell-off on Tuesday.

Both The Brazilian real and South African rand touched four-year lows against the US dollar on Tuesday. The Indian rupee fell to a record low. Even countries like the Philippines and Mexico have been hit by heavy selling. Some central banks have begun to intervene to control the currency slides. If I am correct The FTSE Emerging Markets index fell 1.7 per cent on Tuesday.

We have to accept USD dollar was underperforming against some currencies both hard and soft currencies such as NZD, AUD, and Indian rupee due to over speculations. As I said before it has become bull currency now. In other words the dollar (USD) has entered a multi-year bull cycle. USD is number one reserve currency in the world.

As I said every asset has cycles. We have to identify this cycles before others. Both NZD and AUD have appreciated more than 50% against some south Asian currencies during last five years. Now cycle has reversed and both NZD and AUD should depreciate not only against USD but also some emerging and frontier markets currencies in Asia. Few Asian currencies including India rupee will go up against NZD, AUD and CAD in the coming quarters. They will go down against USD. On the other hand USD will appreciate not only against emerging currencies but also against currencies such as AUD, CAD and NZD.

We can expect some volatility in some assets. Today Indian rupee and their market and Korean won down. In commodity market both Gold and Corn down.

It is time to do serious research on stocks, markets, currencies and commodities. There will be some of the best life time opportunities in global markets. Always there will be bull market somewhere. Lower currency rate in some countries will benefit their export companies in the coming months. Lower raw material cost will benefit some companies globally.

In short I am bullish on selected commodities, selected sectors, USD, some markets including few frontier markets. In the medium term I am bullish on Asian currencies against CAD, AUD and NZD. New development will have positive effects on some sectors in Australia and New Zealand. There will be life time opportunities in global markets including emerging markets and frontier markets in the coming months.

http://www.bloomberg.com/news/2013-...es-fall-on-credit-crunch-bernanke-signal.html

China Stocks Fall to 6-Month Low on Credit Crunch,Manufacturing

http://www.bloomberg.com/news/2013-...before-u-s-housing-manufacturing-reports.html

Dollar Rises on Fed Before U.S. Data; Aussie Falls to 3-Year Low

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites