I try to be a sensible trader, setting limits, being patient, using VWAP algos … But when I wake up to charts like this I just YOLO and start market lifting offers.
Yachtzee !!!!
#China has its #crypto ETF, what about #America? Watch this space. While this is good for the price performance, pls remember “not your keys not, your coins!”
I try to be a sensible trader, setting limits, being patient, using VWAP algos … But when I wake up to charts like this I just YOLO and start market lifting offers.
Yachtzee !!!!
U can create using CIX on Bloomie, here is the formula. I look at values of RRP and TGA as of their last print before the debt ceiling bill was signed on June 3rd. If RRP is falling that is +ve for $ liq, if TGA is rising that is -ve for $ liq. I look at the net of the two.
The USD doesn't have to lose reserve status, for a financial crisis to happen. When an entity is highly leveraged like the USG, marginal changes have outsized influence.
If even a small % of trade and or savings flow out of USD and into other cccys it will have massive impact.
Right now the net of +$77bn means the TGA refill is not hurting risk markets. It might turn out that TGA refill is nothing to worry about, and then I will speed up the pace of adding crypto risk to my portfolio. If this index goes -ve I will slow down or halt my purchases.
I created a custom index on Bloomie <.USTLIQ U Index> to monitor how the TGA refill is affecting $ liq. Index > 0, +ve for $ liq; Index < 0, -ve for $ liqd.
U can create using CIX on Bloomie, here is the formula. I look at values of RRP and TGA as of their last print before the debt ceiling bill was signed on June 3rd. If RRP is falling that is +ve for $ liq, if TGA is rising that is -ve for $ liq. I look at the net of the two.
Once TGA > $450bn it probably means US Treasury will slow down issuance of debt. I want to know if this refill on its own is adding or removing $ liq.