• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

EURUSD Dropping Despite Unremarkable Trichet Press Conference

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Thu, 10/07/2010 - 10:45 | 632049 infotechsailor
infotechsailor's picture

...clearly that they intend a return to competitive bidding...


no foreign central banks will exit until amerika exploders

Thu, 10/07/2010 - 10:23 | 632060 iota
iota's picture

Not the only one moving. $20 drop on spot gold. If you buy the dips, that's a decent dip.

Thu, 10/07/2010 - 10:24 | 632063 snowball777
snowball777's picture

Ire-who? Portu-what? Grease? I'm sorry, you're breaking up...

Thu, 10/07/2010 - 10:25 | 632067 RobotTrader
RobotTrader's picture

Looks like the retail stocks are celebrating the big drop in commodity prices today.

Thu, 10/07/2010 - 10:32 | 632088 SDRII
SDRII's picture

yeah better sales. Might want to check in on H&M - sales flying margins crushed

Thu, 10/07/2010 - 10:31 | 632084 Sudden Debt
Sudden Debt's picture

I do believe the dollar is a strong currency.

If you don't believe me, just do the following:

1. Take 1 dollar bill

2. place it on a rock

3. and try to hit that dollar bill with your fists as hard as you can!

I bet it'll start hurting after 100 times and the dollarbill will still be there!


Thu, 10/07/2010 - 10:36 | 632093 wiskeyrunner
wiskeyrunner's picture

Buy this dip, tomorrows numbers are rigged to look good. All economic data till the election will be rigged. It's not right but you can either kick the dirt and mutter under your breath, or you can make some free money in this risk free fed pump.

Thu, 10/07/2010 - 10:37 | 632098 HelluvaEngineer
HelluvaEngineer's picture

Dollar up.  Gold down.  Market up.  Gotta love it.

Thu, 10/07/2010 - 10:39 | 632100 Commander Cody
Commander Cody's picture

(1) FX should reflect fundamentals; (2) US wanting a strong dollar (!!!) and (3) that nobody likes excessive volatility.

Liar, liar, pants on fire!  FX fundamentals?  Strong dollar - who in the US, expect perhaps those who still believe in liberty and are governed by, what some used to refer to as, the Constitution?  Nobody likes excessive volatility?  I'd say a few trading desks would disagree.

Thu, 10/07/2010 - 10:40 | 632109 gwar5
gwar5's picture

Something is cooking, no confidence, Ben is calling all the shots, and Trichet is just carrying his water and stalling trying not to spill any beans and screw it up right now

Probably doesn't help that Japan now has the jitters, nobody there wants to fall on a sword or lose their head

....Clearly they're all stalling Bernanke on purpose, just waiting for his psychological assessment reports to get back to them first so they can look it over and make sure he's not mad as a hatter




Thu, 10/07/2010 - 10:40 | 632110 DYLAND
DYLAND's picture

The reason why the EUR- USD is dropping because the move from Aug 24th to Oct 7th matches the price move from June 7th to Aug 6th. Simple Geometry.

Thu, 10/07/2010 - 10:42 | 632116 system failure
system failure's picture

GOLDMAN SUCKS recommendation to buy the EUR was dead on yesterday. I must say, you will be rich when you do the opposite of GOLDMAN SUCKS and KRAMMERs recommendations. Simply unreal at how bold their comments are into the slaughter. LOL

Thu, 10/07/2010 - 10:45 | 632122 mr_fro2000
mr_fro2000's picture

lovin how Waddell and Reed is the defacto reason for all negative news.

im stealing this sentiment for my personal life.  if anything ever goes bad im blaming Waddell and Reed.

Thu, 10/07/2010 - 10:46 | 632129 infotechsailor
infotechsailor's picture

blame it on capitalism.

Thu, 10/07/2010 - 10:54 | 632143 Cognitive Dissonance
Cognitive Dissonance's picture

I blamed last nights erectile dysfunction on Waddle. Then I thought about Reeds and things stiffened right up.

However by that time my wife had rolled over and gone to sleep so I blamed Tyler and the ZH crew. :>)

Thu, 10/07/2010 - 10:57 | 632160 primefool
primefool's picture

They are all relaxed because Ben has the oil and gold markets covered and completely under control. As well as the Treasury markets and stock markets .
All markets are free to do as Ben dictates. Free markets.

Thu, 10/07/2010 - 11:04 | 632181 Grand Supercycle
Grand Supercycle's picture

Updated FTSE weekly chart:


Thu, 10/07/2010 - 11:04 | 632185 A_MacLaren
A_MacLaren's picture

Fiat volatility is never a good sign.

Thu, 10/07/2010 - 11:12 | 632212 unwashedmass
unwashedmass's picture

gang rape on gold and silver.....spectacular buys in the miners getting even better....

little tiny boy MNEAF...announced five new veins of high grade silver this morning......1.95 per share......i am loving this....

thank you JPM...

Thu, 10/07/2010 - 11:17 | 632235 Dr. Engali
Dr. Engali's picture

But Goldman told me to buy the Euro.

Thu, 10/07/2010 - 11:22 | 632254 unwashedmass
unwashedmass's picture

ah you betcha they did. someone had to buy them out.

Thu, 10/07/2010 - 11:59 | 632435 virgilcaine
virgilcaine's picture

Risk off.. me bitchez.

Thu, 10/07/2010 - 12:30 | 632558 system failure
system failure's picture



We should be closer than ever to that dump the hay wagon and unload phase pretty soon. Maybe today!!!




Waddell and Reed must be selling

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