The 2015 Christmas Poem

T’was just days before Christmas

By Michael O’Neill (with apologies to Clement C. Moore)

T’was just days before Christmas, when all around the world

Not a trader was stirring, beneath desks they lay curled.

Their P&L sheets were hung on their monitors with care

In hopes that Saint Nicholas would put some winners up there.


The traders were restless, wished they were snug in their beds,

While visions of profitable trades danced in their heads.

Yellen in her kerchief and Draghi in his cap

Had both closed their books and settled in for a nap.

Central bankers don’t get much sun

The year had been crazy, January flowed with red ink.

Central Banks in Canada and Switzerland, raised quite a stink.

Canadian interest rates jumped, the EuroSwiss peg was abandoned.

And long positions in CADDollar and EuroSwiss became stranded.

The rest of the year was filled with the same sort of clatter

Draghi promised lower rates, below zero didn’t matter.

The Fed said that they would hike when the data was right

And repeated those words night after night.

The US dollar was bought by every Tom, Dick and Joe

But the market was choppy, profits would come and then go

And now December was here, the deeds promised were done

However the many mixed messages left profits un-won.

When out on the street there arose such a clatter

Traders sprang from their hidey-holes to see what was the matter.

Away to the windows they flew in a dash

Then Reuters and Bloomberg screens started to flash.

They turned their heads in an instant and then turned around

On their screens appeared St. Nick, Ms. Yellen as background.

Oh, their eye’s how they twinkled, their dimples how merry

Their cheeks were like roses and their noses like a cherry.

Their droll little mouths were drawn up like a bow

And the hair on their heads was as white as the snow.

They may have snow on the roof but there is fire in the furnace

St. Nick went to work while Yellen spoke from the screen

“Dollar bulls should beware of reversions back to the mean”

2016 is coming fast, the economy is on fire

And interest rates will keep moving higher and higher,"

" Iran will become friends, its Russia we’ll hate

Unless Mr. Putin will abdicate

Americans will choose between a frump and a chump

The White House will be occupied by Hillary or Trump"

The EU may be shaken right down to its core

If Greece or some other country heads out the door

There’s lots to worry about and plenty to trade

So put your money on the table, there’s cash to be made"

Then the screens faded to black but the sound was all right.

Merry Christmas to all and to all a good night.

Categories FX, Foreign Exchange, Currency, Canadian Dollar

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

search previous next tag category expand menu location phone mail time cart zoom edit close