All this matures this friday.
Tin foil hat time - swiss banks own a LOT of us equities.
so they took a loan and bought tons of bonds.
This causes dxy to weaken yields go down, stonks go up, giving swiss a chance to dump equities.
then they repay that loan on friday.
further evidence - notice how the usdcnh lines riiiite up with the 30y....
buying bonds will weaken usd, moon stonks.
now swiss own bonds.
next they unload the dogshit (tech stonks) all day to anyone who will buy them.
How did swiss know earnings would be bad??
🤔
Still buying bonds in the after hour?
@SantiagoAuFund this is how the dxy member states have mitigated the dollar from hitting the stratosphere?
Each takes turns buying US treasuries - yesterday was a nice touch since the bond market is somewhat illiquid to handle such a huge demand right at the open?
You wanna see this visually?
Ok -
1) dxy relative to oil kinda tracks & falls below relative price of oil
2) oil tracks close
3) swiss buy 11B in bonds weakening dxy (that the swiss line) - stonks moon. Now relative to oil DXY a LOT weaker than oil.
So now rates++=big oil--
This prob why DXY has stayed relatively calm & in a trading range vs going to 120 (or higher) - these swap games and CB $ games - Swiss one is the one I caught - im sure there have been others more sneaky
Dxy going up or down like tue / swaps are the tell.
#CurrencyManipulation
The goal is to get dxy (purple) WEAKER relative to oil w/o mooning oil.
They achieved their goal
I imagine they might make it a little more weaker before they begin to hammer the oil market again.
So then, DXY++ (110/109 level) will mean oil-- RELATIVE to new low dxy
And what has all this swapping and crazy stuff done to other currencies lately?
Quite a bit
Red (usdchf - the swiss) tend to trade places with dxy
Rn dxy (purple) very weak, and usdchf very strong
strong dxy = weak stonks
So preparing for a swap or a slow fade today?
q's are ignoring dxy and trying to follow 30y yields
What the swiss did during opening market (1- buy bonds) today they did during the overnight (2)
its why dxy is down this morning.
CHF is continuing to buy bonds this morning
(1,2)
Its causing disruption in currency (4)
which is causing qqq's to rally (3)
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