bucintoro
Forumer storico
e aspetta dai.....anche ieri dovevano spaccare il mondo.....io ho uno stop loss a 1160 se me lo prendono .....bravi
FTSE Mib Futures solointraday - Cap. 1 (55 lettori)
- Creatore Discussione solointraday
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e aspetta dai.....anche ieri dovevano spaccare il mondo.....io ho uno stop loss a 1160 se me lo prendono .....bravi
Moma
Nipote di Massam
bucintoro
Forumer storico
By Katie Martin
Authorities around the world are buying dollars on a huge scale in an effort to hold their own currencies down.
But they’re not keeping hold of these freshly acquired bucks.
Instead, they seem to be churning them into things like euros, sterling, and the yen, irrespective of large flashing “sell” signals on each of those currencies. So the dollar gets weaker still.
And the authorities have to intervene more.
Oh dear.
This is bad for several reasons.
Firstly, logic suggests that it will end in tears. The phrase “spiral of doom” springs to mind.
Secondly, it means that the euro is climbing in a highly disturbing way that is totally out of whack with the currency bloc’s hideous debt mess. Similarly, sterling is on the up and up despite the forthcoming winter of austerity (or even of discontent.)
The happiest next step is that the euro and sterling simply snap, and drop back down. It could be rapid, and ugly, but it would just be an unwind of earlier overshoots.
The less pleasant consequence is that this persists, and it ends up hurting euro-zone and U.K. exports. At least, it doesn’t help the U.K. or the euro’s weaker members, to improve their lot. Greece, for example, can certainly be happy that the euro still exists. Whatever the die-hard euro fans say, that was looking shaky at one point this year. But it does not need the euro to be trading north of $1.37 against the dollar, with a central bank eyeing the exit on super easy monetary policy. It’s tough to imagine a more poisonous mixture for getting back to economic growth.
But here’s the bit that’s really ugly. Maybe official reserve managers are dumping dollars for a reason. Maybe (whisper it, and it might not happen) the dollar is losing its status as a safe retreat in times of stress.
This is a big deal. It upends the way the currency market works.
You come to rely on certain things happening in a certain way. Lehman Brothers, a U.S. bank, goes down the drain, and investors buy, er, U.S. dollars. When the euro zone is in trouble, no one buys euros. When the U.S. is in trouble, people buy dollars. It doesn’t make sense, but everyone knows that’s how the world works. Argh! Panic! Buy safe stuff! Buy Treasurys and dollars!
If the dollar loses this long-standing relationship with fear, then no one really knows what the currency markets will look like, or how they will work.
There are already some scary signs of this. A big one is that even though the U.S. upped the pressure on China’s currency policy massively this week, by passing a bill that could easily lead to trade wars, the dollar didn’t climb. Here we have a big global risk to investor sentiment, and the dollar is falling. Maybe investors’ attitudes are shifting. The buck is not the safest bet around any more. It’s one of the riskier ones.
Some smart cookies have argued for years that the dollar’s so-called safe haven status has always been ridiculous. They must be feeling terribly smug
The currency markets could be on the brink of something really messy.Authorities around the world are buying dollars on a huge scale in an effort to hold their own currencies down.
But they’re not keeping hold of these freshly acquired bucks.
Instead, they seem to be churning them into things like euros, sterling, and the yen, irrespective of large flashing “sell” signals on each of those currencies. So the dollar gets weaker still.
And the authorities have to intervene more.
Oh dear.
This is bad for several reasons.
Firstly, logic suggests that it will end in tears. The phrase “spiral of doom” springs to mind.
Secondly, it means that the euro is climbing in a highly disturbing way that is totally out of whack with the currency bloc’s hideous debt mess. Similarly, sterling is on the up and up despite the forthcoming winter of austerity (or even of discontent.)
The happiest next step is that the euro and sterling simply snap, and drop back down. It could be rapid, and ugly, but it would just be an unwind of earlier overshoots.
The less pleasant consequence is that this persists, and it ends up hurting euro-zone and U.K. exports. At least, it doesn’t help the U.K. or the euro’s weaker members, to improve their lot. Greece, for example, can certainly be happy that the euro still exists. Whatever the die-hard euro fans say, that was looking shaky at one point this year. But it does not need the euro to be trading north of $1.37 against the dollar, with a central bank eyeing the exit on super easy monetary policy. It’s tough to imagine a more poisonous mixture for getting back to economic growth.
But here’s the bit that’s really ugly. Maybe official reserve managers are dumping dollars for a reason. Maybe (whisper it, and it might not happen) the dollar is losing its status as a safe retreat in times of stress.
This is a big deal. It upends the way the currency market works.
You come to rely on certain things happening in a certain way. Lehman Brothers, a U.S. bank, goes down the drain, and investors buy, er, U.S. dollars. When the euro zone is in trouble, no one buys euros. When the U.S. is in trouble, people buy dollars. It doesn’t make sense, but everyone knows that’s how the world works. Argh! Panic! Buy safe stuff! Buy Treasurys and dollars!
If the dollar loses this long-standing relationship with fear, then no one really knows what the currency markets will look like, or how they will work.
There are already some scary signs of this. A big one is that even though the U.S. upped the pressure on China’s currency policy massively this week, by passing a bill that could easily lead to trade wars, the dollar didn’t climb. Here we have a big global risk to investor sentiment, and the dollar is falling. Maybe investors’ attitudes are shifting. The buck is not the safest bet around any more. It’s one of the riskier ones.
Some smart cookies have argued for years that the dollar’s so-called safe haven status has always been ridiculous. They must be feeling terribly smug
Ultima modifica:
Positiva o negativa?
Eh, sono nuovo, non ho le tue "sensazioni"!
Eh, sono nuovo, non ho le tue "sensazioni"!
Jedd
GORDON GEKKO
Per me inizia la discesa con oggi! Soprattutto di la!!15,55 e 16,00 Altri dati in arrivo !!!!!
Altra sceneggiata !!!!!!!!!!!!!!!!!!!!!!!!!!
- Stato