Just a few hours ago, China unleashed its so-called Stealth QE sending the dollar spiraling down sharply.
Markets React Violently To China’s Stealth QE
Submitted by Tyler Durden on 09/16/2014 12:24 -0400
From copper to high-yield credit and from stocks to bonds and gold, markets are reacting violently to the headlines from China that they are unleashing another 500bn Yuan “stealth QE”… everything is rallying.. except the USD (biggest drop since May).
US markets…
Stocks are being driven by AUDJPY…
FX… USD’s biggest drop since May!
with AUD and EUR bearing the USD weakness brunt…
HY credit tracking stocks higher…
Commodities are all surging…
Copper surges and halted…
Halting futures for 10 seconds…
* * *
Let’s hope risk asset algos aren’t misinterpreting USD weakness-driven FX moves as a risk-on driver for too long…
Charts: Bloomberg
source »
US markets…
Stocks are being driven by AUDJPY…
FX… USD’s biggest drop since May!
with AUD and EUR bearing the USD weakness brunt…
HY credit tracking stocks higher…
Commodities are all surging…
Copper surges and halted…
Halting futures for 10 seconds…
* * *
Let’s hope risk asset algos aren’t misinterpreting USD weakness-driven FX moves as a risk-on driver for too long…
Charts: Bloomberg
source »
