Crude is $3.24 away from the magic $70/bl to fill the SPR. Image
How did the CB's pull this off?

Look closely.... Image
Zoomed in a little... Image
Adding EURCAD
and zooming in again
#Swap'dee #Swap #swap Image
adding $SVIX
They swap to store energy in currencies, then they unload woop ass on oil to crush it
$SVIX is used as painkiller for markets so they dont feel a thing. Image
Im pretty sure the gamers are fanz of godzilla, eat sushi, and have black hair. Image
And I think this is correlated - i dont understand how, but somethin tells me jPan is scrambling to please Uncle jPow.

bloomberg.com/news/articles/…
I was sniffin around currencies and saw this....

thats a pretty big move for a country that specializes in cheese with holes.... Image
If i understand this correctly - dxy states
sold US / Canadian bonds every day
(1,2,3,4,5)
THEN SUDDENLY AND ALL AT ONCE
bought every bond they could get their fingers on...and esp during the overnight and 2 sessions post... Image
Zooming out - so you can see just how massive that currency move was...

when u c it.... Image

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More from @frankoz95967943

Jul 3
Story time...
👇🧵
put on a tin foil hat for this one, tho when im done, you will find you dont need it....
Lets say you are the global hegemon and you want to maintain your global dominance....

You realize that the global dominance you once had is under threat

Read 25 tweets
Jul 2
Pre-market commentary
7/2/2024

lets build.

This is the svix.
🧵👇 Image
this is usdjpy vs svix Image
This is oil producers currencies vs svix Image
Read 18 tweets
Jun 29
A quick thread about reserve currency status.

.

Please take a minute and commit this to memory - its going to be important to you in later life.

And im gun explain right here why and how US is losing its grip.

🧵👇 investopedia.com/terms/r/reserv…
Image
Digested and simplified - there are 2 critical components of reserve currency:

1) most trade is done in that reserve currency
2) most money is stored in that reserve currency

Right now, its the dollar.
And the store is US treasuries.
Any country thats wanted a seat at the international trade table must store foreign exchange reserves in dollars. But they want some return for their investment so they buy US treasuries.

If you look at trading economics, look at FX reserves for any given country.


Because most trade is done in dollars its easier to just store dollars in US treasuries. You sell treasuries for dollars when you need them.tradingeconomics.com/country-list/f…Image
Read 24 tweets
Jun 28
Pre-market commentary
6/28/2024

yesterday was a revelation.

so many things....its all starting to click.

I get it now.

🧵👇

Who is the #1 holder of US debt?
ticdata.treasury.gov/resource-cente…
Image
Who has top motive to make sure US economy doesnt blow up with higher yields?

see higher yields crush the stonk - so offset that with lower vix.

and they have. Image
Read 42 tweets
Jun 22
This is the formula vs svix.

SVIX is a tool to crush commodities.
It has a happy side effect of lifting the stonk.

The lime line is "the formula" - the vix is an INCREDIBLY important part of the formula.

Its why i focus on the vix.

👇🧵 Image
The @federalreserve seized control of the vix on 3/2022.

They could no longer "contain" oil thru interest rate hikes. And russia pulled a russia which would make the situation worse.

This also helped the fed attack the russian ruble.

Svix and uvix act as kryptonite to oil market futures pricing.
Because russia's number 1 export is oil, it also damaged the russian currency - a happy coincidence. Image
Read 21 tweets
Jun 1
This is the russian ruble and their long 20y bond.

It is now paying 16% for 20y.

Russia is doing this to defend its currency (make it stronger).

The west does not want the russian ruble to get stronger because it can impact the price of oil.
🧵👇 Image
key to this currency war is the euro - in orange.
Euro f's with their currency value vs the ruble to weaken the ruble. Image
But they arent the only ones in this currency war battle....enter jPan.... Image
Read 22 tweets

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