This page has been archived and commenting is disabled.
Some After-Hours Drama with the JPY, ES to Sell Off
From DerailedCapitalism:
The markets appear to be risk-off this evening as the JPY
strengthened materially against the USD despite overall strength in the
greenback. Within a few minutes the USD/JPY managed to fall 50 pips from
81.25 to 80.75, the Yen is now flirting with all time lows against the
USD. This is extremely dangerous for the perfectly correlated markets,
we are now waiting for Bernanke's Plunge Protection Team to step
in to fight the fire. A collapse in the AUD/JPY translates into a drop
in the ES sell-off. How will the Fed's turn the market to print green by
end of day tomorrow?
USD/JPY
ES vs AUD/JPY
Is this sell off in the AUD/JPY going to be the bullet that brings the market back to reality and cause the violent market sell-off that we have been expecting since Friday's obscure close?
- advertisements -
WRONG ! ES going to 1250, minimum.
(d)
Getting those futures pumped overnight of course
i have a few apartments i would like to sell for a ridiculous price, anyone has bernankes number?
I luv this place.
terra-firma, your on solid ground but you ruined my remote control. lol
Sir, we are at war. The first casualty is truth, free markets follow.
Sorry to inform you, Truth died in the last war.
This bottle-rocket needs to fall back to earth some.
Back to 10500 than off the launchpad again.......... ?
Check the wave count, if you're into that sort of thing. It takes 3 up before a real crash......
this post reeks of desperation and self-promotion
What?
For USDJPY, Nikkei newpaper says it's because of China, who announced tighter control of capital flowing into China.
Or it could be investors shifting out of the EUR and seeking safety in the JPY. Which could further explanation broad-base weakness in the EUR. We expect a massive amount of stops have been placed @ 80.50 in the USD/JPY. A breach of that mark will likely cause the cross to move sub-80.
Every bear in the zoo has been predicting a sell off for over a month. Even Prechter & Co. had to change their wave count to reflect reality, after the market made a new high.......
Feelin' a market crash coming on tomorrow.
I'm feelin' it too, fish! But my puts get blowtorched every time......
This whole episode taught me to never trust my bones. Only trust the tape.
The rise is getting old and I'm sure we'll have a correction back to 10500ish, then Blackhawk Ben will come in with a Chinook load full of pallets and pulverize the bears yet again!
"Only trust the tape". ..... Right, because the man behind the curtain has the tape fully contained and controlled.
"only trust the man"?
A mongoose does not perceive the cobra's thoughts when he's about to eat him, he only reacts to his lunge with a counterattack to the neck! Point being, tactics > strategy when dealing with snakes.
Follow the trend....... until it ends, then get out of the way!