TayFx

Another Week of Swap Reduction?

Short
QUANDL:FED/RESH4SCS_XCH1_N_WW   FED/RESH4SCS_XCH1_N_WW
Central bank swap lines decreased by another $33 billion over the past week.

At just $122 billion, they're about 3/4ths paid down from their $449 billion high point in May.
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Comments

What are we shorting?
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TayFx Man_Uses
@Man_Uses, this isn't an asset that can be traded. This is the deduction in the weekly swap lines as of last weds.
+1 Reply
@TayFx, so fundamentally we should expect dollar to rise, right?
Reply
TayFx Man_Uses
@Man_Uses, What time frame are you talking about? There's divergences on just about every time frame, so it's not easy to answer that. I'm bearish on the Dollar
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@TayFx, thank you for the honest response. Appreciate your help
Reply
TayFx Man_Uses
@Man_Uses, Np
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