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ECB Intervention Spotted As EURUSD Breaks Escape Velocity
Not a day passes without central bankers not intervening in currency markets. Alternatively, looking at what just happened in NatGas, we could be seeing the liquidation of some massive macro hedge fund, judging by the seemingly correlated moves in Nattie and the euro.
And watch what happens to natgas at just the same time
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GS must be ready to re-isuue their long EUR call to 1.35.
I bet my breasts that this was Bernanke... after yesterday's statement is clear that he is not going to let this thing deflate!
Dylan Ratigan publicly kicks Chris Dodd in the balls over financial reform:
http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-morning_meeting#37861243
Chirs Dodd doesn't have any balls.
Greek 2-years back up over 10%. We live in interesting times.
http://www.bloomberg.com/apps/quote?ticker=GGGB2YR%3AIND
This might be related to the unprecedented war going on for gold/silver Options Expiry.
Bump that USDX to gain traction in a push over $19/$1250.
There must really be some "strategery" going on behind the scenes.
Jim Rogers must be giggling
Goodbye Italy!
Italy unexpectedly lost to Slovakia and is out of the World Cup. Some trader in despair at Unicredit in Milan must have knocked his head on the "Buy EUR1,000,000,000,000,000" button! :-)
Nah, more likely they ran out of kleenex and decided to whatever else passes as worthless paper instead, hence the massive demand for euros.
wow just got fucked on my short position again...
they should coordinate their efforts, too much enthusiasm can crash the casino
That EURO buying support has returned ...
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
It's a failed head and shoulder pattern, not ECB.
Natty moved 14 cents in 2 hours. If that's what's indicative of a "big commodity hedge fund blowing up" then we have a commodity hedge fund blowing up every other day. Take a look at historical intraday charts of front-month natural gas. 8 weeks ago, 26 weeks ago or 10 years ago.
Natty is one of if not the single most violent and brutal of the liquid commodity markets. The current volatility is business as usual.
In light of this move in the euro, The Turd projects that the Dow will be positive by 3:00 EDT
1.2337 was an important resistance level (that is currently being back tested), and the "breakout" probably wasn't caused by the ECB.
BTW: 1.2367 was the failure for a short setup.
Target for the current measured long is 1.2574, which also coincides with the next important overhead resistance zone.