FX Intervention Fright Night?

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Sun, 10/31/2010 - 20:51 | 689618 pachanguero
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I just saw that!  Wow that busted through 77 like a hot knife through butter.

76.14 Is where the dam brakes and that IS coming soon!


Mon, 11/01/2010 - 00:59 | 689965 Minion
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It's almost like the flash crashes are designed to blow out sell stops of leveraged price chasers.  Terrorize the small traders, shake the weak hands out of the market, then CORNER IT!!

Sun, 10/31/2010 - 20:50 | 689625 pachanguero
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BOJ intervention bitches!!!

Mon, 11/01/2010 - 01:08 | 689974 Minion
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Birkenstock Ben will not accept this childish show of rebellion.  Suing Toyota for defects is only the beginning........

Sun, 10/31/2010 - 20:51 | 689627 NOTW777
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silver @ new hi s;

Sun, 10/31/2010 - 20:55 | 689628 bob_dabolina
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Elsewhere, gold is predictably nearing its all time highs.


Gold is going down... unless my monitor is upside down.


The Iran news was a gift and a harbinger to sell HARD

Sun, 10/31/2010 - 22:30 | 689819 Missing_Link
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Gold is down 2 points right now  ...  after going up around 16 on Friday.

2 points of movement doesn't even qualify as "going down."  That's just normal low-level Brownian motion.

Sun, 10/31/2010 - 23:34 | 689898 doolittlegeorge
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up almost 50 bucks from the low last week, too.  i did predict "gold up 50" on SA.  but that was on monday.  i'm giving myself a "ruling in the sand trap allowing for a free drop" to say "yes, i was right because the referee said i was."

Sun, 10/31/2010 - 23:46 | 689915 bob_dabolina
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You predicted something. You are like...Nostradamus or something right?

Like... you are part of the uhm, Illuminati or something?

You really have got the pulse on gold.

How bout 18 months from right now?

Mon, 11/01/2010 - 01:07 | 689971 geminiRX
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Silver is on a rocket ride....

Mon, 11/01/2010 - 00:38 | 689946 RockyRacoon
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You remind me of the guy at the race track waving around that winning ticket.

Ankle deep in losers.

Sun, 10/31/2010 - 20:51 | 689629 Cojones
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BoJ is scared sushiless of the USDJPY dropping below 79.60. Below that it's unknown territory and it will kill Japanese exports. Lemme rephrase: Take Japanese exports off life support.

Mon, 11/01/2010 - 03:54 | 690027 EscapeKey
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And for that reason alone, there might be further currency intervention coming along the line. And for this reason, there will be people trying to make this exact thing happen.

There's a reason market interventions rarely work out.

Sun, 10/31/2010 - 20:53 | 689634 pachanguero
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Gold is always behind DXY.  

Sun, 10/31/2010 - 20:55 | 689642 manhattanjoe
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DJ says the MoF denies intervention. I suppose they would have claimed responsibility if it had actually worked.

Sun, 10/31/2010 - 20:56 | 689645 Cleanclog
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Big jump Dollar Swissie too.  More like a big burp, and now the distrubed air is gone.

Sun, 10/31/2010 - 20:56 | 689646 bugs_
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I'm going to party like its 1894.

Mon, 11/01/2010 - 03:57 | 690028 EscapeKey
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Soon, we'll party like it's 1929.

Sun, 10/31/2010 - 20:58 | 689653 Yits and the Yimrum
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its pretty obvious Fed's Owners have turned the Fed into an Enron entity; and they when they exited the building and they left the the floor polishers and night watchman (gietner, bernanke etal)  holding down the fort


it was like when Argentina went down; you knew that GS and JPM were loading the brinks trucks with bullion and bearer bonds and documents nights before the crash; getting out of Dodge south American style

Sun, 10/31/2010 - 21:03 | 689664 ratava
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nah just another stophunt. retail chumps you are not welcome in this market, leave the smart people with even smarter robots to cannibalize each other.

Sun, 10/31/2010 - 21:04 | 689672 Cojones
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LOL, true. I got stopped out on my EURUSD trade just yet. 1.3940 just didn't cut it.


Sun, 10/31/2010 - 21:06 | 689674 jelyfish
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Sun, 10/31/2010 - 21:16 | 689693 bob_dabolina
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Or the Franz Ferdinand moment for the upcoming war of currencies.

...the shot that started it all.

Sun, 10/31/2010 - 22:00 | 689773 iota
iota's picture

I'll go with that. Sure as fuck hit mine.

Sun, 10/31/2010 - 23:36 | 689899 doolittlegeorge
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Sun Tzu says "good generals destroy with canon but great one's destroy with a feather."

Mon, 11/01/2010 - 06:27 | 690078 iota
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Sun, 10/31/2010 - 21:16 | 689692 pachanguero
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bye bye DXY!!!

Sun, 10/31/2010 - 21:18 | 689696 bob_dabolina
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Sun, 10/31/2010 - 21:17 | 689695 Downtoolong
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The more I see this kind of stuff, the sooner I'm pulling all my money out of the financial markets and investing it in a lobster farm, even if it's in Kansas.



Sun, 10/31/2010 - 21:28 | 689715 stormsailor
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we had another flash on 10/15 after 1600 hrs.   very rare to see these types of anomolies in the f/x markets.

Sun, 10/31/2010 - 21:41 | 689738 NOTW777
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just heard someone on tv bragging recently that fx markets were safe and flash crashes did not happen

Sun, 10/31/2010 - 21:33 | 689725 saulysw
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Didn't someone in BoJ say recently that FX intervention works best when it's a surprise? Yet another theory going down in flames. Of course, they will probably argue that it didn't work because it wasn't big enough.

Sun, 10/31/2010 - 22:14 | 689803 hognutz
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haHa!  Where's Krugman? 

Sun, 10/31/2010 - 21:35 | 689728 flacon
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Just buy gold and silver and be done with it. 

Mon, 11/01/2010 - 00:40 | 689948 RockyRacoon
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Just buy gold and silver and be done with it.

Check, and double check.  Diversifying tomorrow in some more lead.

Mon, 11/01/2010 - 02:48 | 690001 DoChenRollingBearing
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Anyone who has a reason to think about the future could do worse than not taking Rocky's advice 100%...

Au, Ag, Pt as well as Pb (and lead delivery systems) is always fashionable advice from us who hide behind rocks...

Sun, 10/31/2010 - 21:37 | 689729 Orly
Orly's picture

Please can we put things into perspective?  Someone sold a whole lot of yen at the open of the Tokyo stock exchange.  Maybe they were front-running the Japanese and Chinese data and they sold a position that required liquidation of a load of yen.  Not a boatload of yen, as would be expected had the Bank of Japan actually intervened.

The spike in the chart above was on another M1 chart- but it is indeed real because the retracement is several candles in duration.  Eighty pips is not a giant move and, in fact, the spike didn't close most of the gaps on the open, though the rumble was felt in all major pairs.

The question is, what was that rumble about?

Sun, 10/31/2010 - 21:52 | 689761 Shameful
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On that thought, how wild do you expect this week to be?  The election should prove ot be interesting and then the main event from the FOMC.

Sun, 10/31/2010 - 21:56 | 689768 Orly
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Off the chain.

Sun, 10/31/2010 - 23:15 | 689867 Orly
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If I were to lose my mind and trade this news, I would bet that the extreme levels in the Euro and the Ozzie Dollar are in for some kind of correction.

The AUDUSD pair still has a gap to fill at 0.9265.  I'll meet you there and we can have tea.


Mon, 11/01/2010 - 00:42 | 689949 RockyRacoon
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You guys keep the racket down.  I just lost count on my silver eagles.

Gotta start over again....  one, two, three...

Mon, 11/01/2010 - 00:45 | 689953 Orly
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Wass'yer werd, Rock?

Say, is that a new ZeroHedge symbol I'm seeing in the explorer bar?  On the homepage only...

Mon, 11/01/2010 - 09:29 | 690240 RockyRacoon
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All that FX talk is distracting.   I only deal in REAL money.

Sun, 10/31/2010 - 21:43 | 689742 NOTW777
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passing out candy to kids and thinking the scariest thing for these kids is the government and corrupt leadership;

this crap has to stop

Sun, 10/31/2010 - 22:19 | 689808 Saxxon
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Exactly what I'm doing but I think there are things even worse coming up.

Sun, 10/31/2010 - 22:51 | 689845 Cleanclog
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The trick or treaters are so sweet and adorable at our house tonight.  All polite, thank yous, introducing themselves and explaining their costumes.  

They deserve so much better than the future looming.  When will we start to really push back on the TPTB? It is our responsibility!!!


Mon, 11/01/2010 - 00:44 | 689952 RockyRacoon
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Well, ya know, those old horror stories about people giving kids poisoned candy and other fatal items embedded in fruit have stopped.  Those were not the good old days.

Sun, 10/31/2010 - 22:05 | 689783 TheGreatPonzi
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Since the complaint against JPM and HSBC, have you noticed that silver never goes down?

Sun, 10/31/2010 - 22:09 | 689793 eigenvalue
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What about Oct 19 and Oct 21? Massive raids. Nearly scared me to incontinence. :(

Mon, 11/01/2010 - 04:49 | 690046 ratava
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pre-g20 shank, happens every time.

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