Relative etf's (buy something with something else)

eurusdzn said:
I can easily walk a few miles in that shoe as well.
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To be fair the difference is we are speculators and not tasked with running monetary policy for the reserve currency and one of the biggest economies in the world.
 
Approx. 200 trading days ago, UUP/GLD broke range and is up about 25% since then.
This spread is about to make new highs.
Fiat currencies FXE and FXY presently in QE are trending higher vs. GLD for the last 100 days or so.

Gold broke below 1100 yesterday.
 
There is follow through from the Friday, July 10? , Yellin comments regarding the feds bias to raise rates.
EDZ15 put in a top (bottom in rates), at that time and the has come off 10 bp.
2 Year T-notes, lock step, have sold off as well since then. Rates have not risen as much moving oit the Treasury curve so there has been some flattening due to Fed driven short term rate expectations. So it seems.
 
Feds Lockhard says that he feels a September rate hike is appropriate given the state of the
economy. Good movement in 2 year treasuries vs 5,10,20 . Sep and dec eurodollar futures spiked large on the statement but settled at the open price.
 
Come September they'll either not raise it (citing some kind of magically surprising bad economic data) or raise it 10bp. Either way, it'll probably be decades before we see 5% again.
 
Surprising FOMC. Emergimg market stress and the dollar will have to be addressed in Live FOMC meetings to come along with employment and inflation. Expectations seemed to be that the fed would not weigh and/or acknowledge the dollars trend and EM and China stress as much

September, Edu15 , is done and has drifted up to spot 3 month LIBOR(33ish bp.) about
99.67 . Libor rates are quietly drifting up over the last year.

December, EDZ15, dropped about 10bp. Post FOMc and has 8bp. to drift to present spot Libor by expiration.

IMO.
Things are apparantly, already a little too tight for the feds liking. I dont see how anyone can
expect US employment and inflation data to "improve" where the fed can hike by the end of the year. Will be interesting to see if markets tone remains bearish with a relatibely dovish fed.
 
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