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Just Another Garden Variety "200pip EURUSD Move In One Hour" Day
If anybody thinks there are any traditional, human-based FX traders left alive in the world, you are mistaken. At this point it is all Central Bank vs Central Bank. The one with the fastest printer wins. And since today's economic news was all negative we fully expect the S&P to close well over 3% higher for the day.
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Stupid China claiming theyre not dumping EUR.
That was just the excuse used to ramp the market. The tell is that all the works done by 6 AM. See how the market struggles after hitting a peak at 10AM? As soon as the lighter fluid burns off, there is no heart in the market left to beat.
If China hadn't done as requested, someone or something else would have been used as the excuse.
+1
Funny how any rumors which would negatively impact the markets are later discredited. The moment there is a piece of data which can be detrimental to the markets we have a concerted effot to "solve" said problem usually with rhetoric. Financial whack a mole.
Socialized losses and now socialized markets. Horaay for free markets?
When the only thing keeping markets up and people in stocks is the belief that "they" will not permit them to fall I would be more than concerned.
I go by how desperate they are probably getting when bond auctions roll around. They WILL let it fall when they want to chase the $$ somewhere else. I'm getting the feeling the NWO crew are ready to pull the plug on this whole thing. Absolute insanity everywhere!!! And the sickos love watching.
Yup, huffing and puffing all day. Though here it is hitting 1100 on fumes. Bullshit.
Except on the upticks at above 1.24.
That uptick is now trying to return to earth. The only thing about a forced breakout is that it better hold or you're in worse shape than if you never tried to force it in the first place.
It appears a pattern is taking hold. Ponzi pushes up, people sell the rally at the end of the day. That is not good if you want markets to go up because it displays a certain.....um....lack of confidence the erection.....er.....ramp will hold.
1.24 and above is where China wants to sell.
Unfortunately the market isn't giving them much of a chance.
I think we will se 1.25 today or around that level
And you would expect that China will come out and say... We are dumping the euro?
They will manipulate the amrket but not that stupid.
What else can they say. They need to dump euro before others do and the best way of doing it when nobody suspects.
Maybe it is dollars they want to dump? We've had rumors of the demise of the Euro since the day it was born, but it is still here and I doubt it is going anywhere. Europe is China's largest trading "partner", they are not about to cause a collapse. And remember the Chinese actually import a lot of stuff from Europe, which is not the case with the US, so they have a natural usage for Euros.
The fiscal train wreck that is fast approaching in the US is going to shock the hell out of people and I suspect in the longer term, 1.23 will seem a pretty cheap price for Euros...
Disgusting. This ponzi scheme continues to mutate and keeps getting worse.
http://www.youtube.com/watch?v=3cShYbLkhBc
Somehow this reminds me of the song bitter peace of slayer http://www.youtube.com/watch?v=PHWzD7C5s60.
Brilliant Ty, even Archie Bunker figured that one out.
So when we spot that bright light in the sky, and become aware it is a planet killing comet, we can expect DOW 36,000 with 30 minutes?
Yup! Gold will be under a buck.
AUDJPY is up 4.2%....
The wheels are about to come off...
Seriously, how long can this be sustainable? The kind of FX movements we see today, were the kind everyone said were ridiculous, when GOOG's share price fluctuated as wildly shortly after their IPO.
Tyler, are you suggesting this market action is not normal?
Central Bank Death Match, next on FoX!
SNB to not bankrupt itself and Big Ben has just found out it correlates with SP.
As always, I am so fucking sick of this. What exactly is the point of gunning the euro every othyer day, just to have it reshorted to death. It makes me sick to my stomach to watch this. They need to stay the fuck out of the markets. Nothing will bring me more pleasure than when the day comes when they lose total control of this....
They have come to far JCB they cannot stop now they will do anything and everything to keep the plates spinning and spin more plates if necessary that is what makes a collapse so frightening because eventually no amount of intervention, new stream, propaganda will keep markets up. The only thing that will occur is the slow extraction of liberties and caps on withdrawals, limiting the amount of stock you can sell on a daily basis and eventually completely falsified economic reports and prohibition of gold holdings.
Those in control enjoy the power and have no intentions of relinquishing that power to anyone and when the power seems like it will almost inevitably slip away the next move is straight up fascism and corporate feudalism.
I got a printer, but I am out of paper!
Who do I call, GOLDBUSTERS!
Who will tame nuclear fusion first?
A) Scientists
B) Steve Jobs
C) Central bankers looking for new power source to feed hungry printers
Theres nobody left in the casino, they have resorted to gambling with each other..So in order to keep those perfect 63 for 63 streaks alive they will need to resort to all time low tactics, like leaking settlements and crap..
This is the part of the day that always gets somebody on the hook though..Gotta be on your toes at the 2 min warning..
Big drop at 3. this might get bumpy going into the close.
Not today. Maybe a bit of a pull back but we'll finish this day solidly up. All technicals right here. No reason to fight them until 200 dma. Worth a look there.
Empty casino with a BLATANT premarket components pump, while everything else market wide is pretty flat on no volume...churning between a few desks to give the illusion of great activity wow this cant end well at all. Its really the scariest thing Ive ever seen.
I don't know if I'd call it "scary" - just range trading. Actually kind of normal. Tomorrow will be more of the same. We won't get any more downward fireworks til next week I would guess.
I'd call this "range trading" just like we ZH folks consider your predictions accurate. Please - give it a rest. You are continually hunting for cockroaches in a room with a bazooka - yet you still miss and the cockroach runs away. Your reputation as a gambler has exceeded your ability to analyze the market. The "junk" ratings you attract don't lie. You are better off posting in a CNBC board where peeps will have mad respect for your postings on any "up" day...
I went long AUD CAD and MXN a couple fo days ago, and I ain't no fracking toaster.
It was due for a pop whether central bank initiated or short covering before the long weekend. End of day, nobody see's a new bull-market other than ding-dongs like Mobius etc. who always see a bull market.
So glad I'm out. Now I can just sit back and enjoy the spectacle.
Quite a reversal for AUD/JPY today as well
If not china and/or other whale(s), then who's selling euros for about 6 months now ?!
Europeans!! Like there is no tomorrow....and they know there isn't one.
Just posted a EURO monthly chart ...
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1