Saudi Money

I believe that the repo operation today is the cause for todays down move in DXY as liquidity provided. and yesterdays up move was caused by the Increase ,rapid increase in Overnight rates .

This is an interesting story may

Carl Quintanilla@carlquintanilla NATALLIANCE: “One of our team just picked up that Saudi has pulled billions of cash from US Markets in the last 24 hours to support their own economy after the oil attacks… Add that to the treasury refunding payments and new cash… And you can see how a squeeze developed.”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.