ahhh yes … that “imminent” retaliation
thks for the reminder:
Oil Climbs as Equities Rally and Traders Eye Iran Retaliation
(Bloomberg) — Oil rallied as markets globally recovered from a recent rout and investors remained on edge over the possibility of a retaliatory strike from Iran on Israel. … /.
Related to 2/3rds
–
The Unexpected Winners and Losers as Markets Went Into Meltdown
(Bloomberg) — The market wipeout that swept through equities, bonds and currencies on Monday left just a few resilient pockets relatively unscathed.
authors Jeanny Yu, Jake Lloyd-Smith, Marcus Wong and Trista Xinyi Luo go on to explain what investors bought — or dumped — that might surprise.
they dont say surprise who (maybe the writers themselves or their readers)
10-yr 3.936 uP a bit
DLRx 102.98
– Dlr is somewhere between wish-washi jerky and uP
– Some ccies over 1% gain moves on the usd
– On the other hand : yen, chf : down, good hits
Stock looking to open uP
Odds of DLR gaining – 104 a sell if seen ? – continue to be iffy in my optique
I agree with those who suggest the carry trades cleaning is not complete
Nothing on Data Calendar
12:00 – collins
13:00 – janet peddles 42bln of 10yr paper
From the Morning Bid report
At the heart of the problem over the past week was that the BoJ move seemed to puncture an estimated half trillion dollar yen-funded currency ‘carry trade’, catapulting the currency higher in the process. About two-thirds of those short yen positions may have already been unwound, according to estimates by JPMorgan.
A look at the day ahead in U.S. and global markets from Mike Dolan
In an extraordinary round trip over the past week, world markets have rebounded sharply from days of turbulence – thanks in part to Bank of Japan almost apologising on Wednesday for its role in the ruckus – and traders now try to figure out what’s next.
EURUSD 4h
Supports : 1.09050 , 1.08850 & 1.08650
Resistance : 1.09250 , 1.09350 & 1.09600
Last 24h EURUSD is biding its time in some kind of a sideways correction.
Needs to go above 1.09350 to renew the pressure to Up.
Pattern wise – it is in the middle of nowhere…
Time wise – it should move in next 2 h.
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