Futures Go Nowhere In Quiet Overnight Session

In fitting with the pre-holiday theme, and the moribund liquidity theme of the past few months and years, there was little of note in the overnight session with few event catalysts to guide futures beside the topping out EURJPY. Chinese stocks closed a… [...]

Guest Post: The Money Bubble Gets Its Grand Rationalization

Submitted by John Rubino of the Dollar Collapse blog, Late in the life of every financial bubble, when things have gotten so out of hand that the old ways of judging value or ethics or whatever can no longer be honestly applied, a new idea emerges that… [...]

Quote Of The Day: Is Larry Fink Confused?

This morning has seen a plague of talking-head-based soundbites propagated through the mainstream media as ‘fact’ and actionable. One that caught our eye, from none other than “largest asset manager in the world” Larry Fink of Blackrock, simply beggare… [...]

All The Overnight Action Ahead Of Today’s Nonfarm Payroll (Non) Typhoon

While today’s big event is the October Non-farm payrolls print, which with consensus having at 120K and unemployment rising from 7.2% to 7.3%, will be more of a drizzle than a typhoon, there was a spate of events overnight worth noting, starting with C… [...]

Is The ECB Implementing ZIRP or ZEURP: Zero European Union Return on Potential

  Inflation vs deflation vs stagflation The primary business of banks is lending. In a recession, not many people and businesses borrow, hence lending tends to be a poor business. In order to make money off of lending assets you need a reasonable… [...]

Overnight JPY Momentum Ignition Leads To Equity Futures Ramp

It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Ni… [...]

Overnight JPY Momentum Ignition Leads To Equity Futures Ramp

It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Ni… [...]

Overnight JPY Momentum Ignition Leads To Equity Futures Ramp

It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Ni… [...]

Overnight JPY Momentum Ignition Leads To Equity Futures Ramp

It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Ni… [...]

Overnight JPY Momentum Ignition Leads To Equity Futures Ramp

It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Ni… [...]