EURUSD Reaction To Confidence Vote Passage: Sell The News

Tyler Durden's picture

Despite Bloomberg calling the vote in favor of G-Pap, it seems the immediate response in the EURUSD is to dump the euro currency:

Sell the news:

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MiguelitoRaton's picture

The S&P may be interesting tomorrow...I'm confident ;-)

Mike2756's picture

Too much build up going into the event, we'll see how the unions react in the coming days.

slaughterer's picture

Ah, let there be light, let there be EUR/USD 1.45!  These infidels must first scatter.  Then we will see the light!

Buck Johnson's picture

The hard vote is the austerity and they know it. 

huggy_in_london's picture

yep exactly.  All good to vote for the govt, but do you want your office stormed by the angry mob ... thats a whole different level.

BORT's picture

Spike up and now selling the SPY

huggy_in_london's picture

Oh phew, europe saved for a week.  

It's like a car crash victim and the relatives are arguing whether it's ok to leave Uncle Joe on an artificial respirator or to pull the plug. 

Either way the euro gets smoked imo

Chestire's picture

Only someone who hasn't understood this part of the market would write (and with much respect, seriously, I admire your work, you're a guide, an inspiration and most important an information source): 


Despite Bloomberg calling the vote in favor of G-Pap, it seems the immediate response in the EURUSD is to dump the euro currency:

HpDeskjet's picture

Actually, this makes sense... The more EU bailouts, the more money printing, the less the value of the EUR.

Chestire's picture

So wait, the more a country borrows the less money they have?

HpDeskjet's picture

That's one way to look at it. I think Zimbabwe has the highest percentage of millionaires, but only very few of them are "rich"

SheepDog-One's picture

Yep Zimbabwe has millionaires, sucks that half a loaf of bread costs $500,000 though.

Protonrick's picture

Increasing your liabilities, with no hope of extra income, deflates your net worth.

Mad Cow's picture

Yes, if it's a fiat currency with debt attached to it, when it was created. On the other hand, the debt is fraud, so you don't have to pay it. But you need to be awake and smart enough to realize you've been boned to begin with.

bob_dabolina's picture

eur/usd looks really weak


slaughterer's picture


SheepDog-One's picture

Stawks, bonds, and currency nonsense...all that garbage aside we can be totaly assured of 1 thing, further bailouts means great strength for PM's.

carbonmutant's picture

Syntagma Square is remarkably passive about the results of the vote...

June 28 vote next.

RobotTrader's picture

Pretty much a non-event.

Whatever happens in Greece will be overwhelmed by the CANSLIM junkies who received the "follow through day" buy signal by Wm. O'Neil of Investor's Riverboaters Daily.

Back to ES ramping tomorrow?

Who knows?

Id fight Gandhi's picture

Not without qe.

Time to dump until uncle sugar gives up some mo luv

slaughterer's picture

Robo loves those CANSLIM cups and handle formations painted by the banksters.

bugs_'s picture

eat drink and be merry for tommorrow we may not borrow

Bansters-in-my- feces's picture

And the Rothschilds/Rockefellers/ Kissinger Joo boy's smile...:=)

FunkyMonkeyBoy's picture

Take that back... the jews just happen to be the most persecuted race in history... but they are completely innocent of any and all things they have been accused of... got it!?

Id fight Gandhi's picture

Innocent riiiight.

They are da chozen. Dey tell us so.

SheepDog-One's picture

Right, the phony Jews have been expelled from about 100 countries over the past 400 years, however totaly innocent of all accusations and very 'anti semitic' to boot.

Mr Lennon Hendrix's picture

I heard that Mark Cuban, Rick Carlisle, Jason Kidd, Dirk Nowitzki, Jason Terry, and Peja Stojakovic are all Jew Lizards that came together from various parts of the globe to win the Finals for the trophy because Jew Lizards want all the gold in the world.  Muhahahahaha!

Greeny's picture

"the jews just happen to be the most persecuted race in history."

I'm not the one, but I agree..

"Above his head they placed the written charge against him: THIS IS JESUS, THE KING OF THE JEWS."

"wise men from the East came to Jerusalem, saying, “Where is he who has been born King of the Jews?” [Matthew, 2:2-3]"

I won't search more details for you, but you got the Idea.

US Uncut's picture

Most persecuted? How so? Statistically? Or just the atrocity of Hitler?


Deepskyy's picture

Timespan easily.

Egyptians -> Various kingdoms pre Saul -> Assyrians -> Babylonians -> Greeks (lesser degree) -> Romans -> Early Christians/Early Catholics post Constantine -> Muslims -> Russia/Slavic areas and Palestinians (look up the 1st Aliyah) -> Nazis -> KKK/White Trash Americans -> modern Antisemites.


Not too many peoples that can list off that many antagonists throughout time.

SheepDog-One's picture

See, Jews can do anything they want and you cant say anything about it because of 'The Holocaust', nevermind just as many 'others' were killed as well, priests, nuns, gypsies, etc....

Burnbright's picture

To be fair they are one of the oldest, if not the oldest communities ( I say communities because being Jewish is both racial and religious ).

Greeny's picture

Easy to explain.. Really there is about few millions of Jews on entire planet but think about. 26% of all Nobel Price winners are Jews.. Basically it maybe 40-50 million in total but 26% of Nobel laureates? I know, I'm in shock myself.. That's why Jesus was "born" in Israel, you got the Idea?

howswave5workingforyou's picture

euro reaction? think gamma hedging. probably too sophisticated for the tabloid snappy comments this blag is used to. 

Chestire's picture

gotcha, ATM not ITM, OTM, yet that alpha... Synthetic, yeah, could explain the currency movement.

speconomist's picture

Looks like it's scaling back up.

dracos_ghost's picture

Algos caught at an astable point. Damn feedback loop again.

Oh well, at least now we can concentrate on Italy. Now THAT's going to be fun.

Caviar Emptor's picture

The Ponzi lives! That's all any one cares about...until their living expenses are twice their income

disabledvet's picture

you mean "until our living expenses are twice their income."  maybe the problem is we really don't pay them enough?