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Euro Surges In A 1.3900 "Digital One Touch" Stop Hunt

Tyler Durden's picture




 

After the USDJPY predictably, if briefly, touched 105.00 last night as expected...

... following some mixed data out of Japan including stronger than expected inflation and cash compensation, even if regular wages failed to increase for an 18th consecutive month, it seems that the entire move was driven to cash out a 105 one-touch digital option.

This morning, the stop hunts continue, only this time in the EURUSD, which has been on a steady upward trajectory and starting below 1.37 has crossed nearly 200 pips in the matter of 12 hours, and moments ago stopped just shy of 1.3900 where it seems another one touch digital threshold can be found.Depending on how much money the seller stands to lose should 1.39 be taken out, expect a fierce (or not so fierce) defense of the barrier.

Sadly, these kinds of intraday and year end shenanigans are now all too common, and the lack of liquidity and the preponderance of algo traders only makes the gimmickry behind the scenes that much more apparent. We wonder just which chat room cabal is responsible and will earn millions for the two manipulation of the two key currency pairs overnight, while retail investors everywhere are stopped out of their positions.

 

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Fri, 12/27/2013 - 08:09 | 4278737 Sufiy
Sufiy's picture


US Dollar Crashed Below 80.00 - Will Gold Move Higher Now?

FOREX market is moving very fast today with US dollar move nothing less than to be called crashing down below 80.00. It stands at the 79.78 at the moment of writing with Euro at 1.3861 and Pound at 1.6544. Will Gold finally move higher now from potential Double Bottom formed this year? 10 Year Treasuries are pushing the all-important level of 3.0% now. All metals are moving higher today with Copper up 1.58%.

 

http://sufiy.blogspot.co.uk/2013/12/us-dollar-crashed-below-8000-will-go...

Fri, 12/27/2013 - 08:28 | 4278751 Quinvarius
Quinvarius's picture

The USD actually got pounded VS the CNY last night before the Chinese government got it under control.  They usually keep that exchange rate locked down.  Last night was very interesting.  Possibly this is all about the 10 year coming up on 3% or the Yen.  So many balls to juggle and nothing left in the circus but clowns.

Fri, 12/27/2013 - 09:29 | 4278799 TheRideNeverEnds
TheRideNeverEnds's picture

nope, USD down, bonds down, gold down, silver down, natty gas down, oil up, stocks up to new, new, new highs. ('merica!)

 

at least twitter is crashing in the premarket; quick buy the bip before it sharply reverses 10 dollars to new highs!...

 

 

Fri, 12/27/2013 - 08:16 | 4278740 CuttingEdge
CuttingEdge's picture

JPM or GS?

Could be either.

Someone on the right side of the apartheid Max Keiser was on about yesterday...the "right side" comprising of those that doesn't get jailed, as they have all the politicians in their collective pocket.

 

Fri, 12/27/2013 - 08:21 | 4278743 katchum
katchum's picture

Higher capital requirements due to asset-quality review (AQR).

Trade surplus in eurozone.

Shrinking balance sheet at ECB. 

Fri, 12/27/2013 - 08:24 | 4278746 travelling man
travelling man's picture

dont look so far, it is just your reliable investment bank that structured some derivatives for private investors that has a barrier if triggered within a certain time frame will expire worthless. when else if not in the comöletely illiquid days right now??

Fri, 12/27/2013 - 08:26 | 4278748 Quinvarius
Quinvarius's picture

Whoops!  Inflation and no wage increases?  How come Schiff was right again?  And lets face reality.  If their rigged inflation calculations show inflation, it is really bad.

Fri, 12/27/2013 - 08:44 | 4278763 El Hosel
El Hosel's picture

Bonds, Copper and now the Euro, the most recent big Holiday Overnight Fat Fingers Events.... are all non-events in the New Normal.

 The Markets are clearly not "manipulated", this is blatent "in your face" Rigging.... any questions?

I want to throw up at the "suggestion of manipulation", 24/7 the markets are "Owned" by the machine. This is so far beyond manipulation it is comical. Have we "restored confidence" in Wall Street and the Regulators yet?... If not, home many more ATH's will it take?

All time highs, Bitchez. Peak Rigging.

Fri, 12/27/2013 - 09:02 | 4278770 Save_America1st
Save_America1st's picture

Did anybody except for Turd catch this one???

 

The Big Squeeze - mystery hand scoops up copper

Fri Dec 20, 2013 10:46am EST   

* One investor held over 90 pct of copper contracts

* Further squeezes seen amid shortage of inventories

* Exchange says rules robust against manipulation

 

By Eric Onstad and Josephine Mason

LONDON/NEW YORK, Dec 20 (Reuters) - Someone has made a near billion-dollar bet on copper this week, virtually cornering the world's key stocks of the metal.

 

http://www.reuters.com/article/2013/12/20/copper-squeeze-idUSL6N0JX2FG20...

verrrrrry interesting stuff right there, folks.  And when they say "someone" has cornered the market, don't ya think they're pretty much talking about JPMorg? 

Fri, 12/27/2013 - 11:25 | 4279001 falak pema
falak pema's picture

Manifest of 11 German Economists to reinforce the governance of the <Eurozone. 

A very forceful and realistic view of the troubled BAnking sector of EZ and its fall out on EZ economic growth.

It condemns the current complacency reigning in German government circles today post Mutti coalition. 

Vers une Union de l'euro

Question to our friend Ghordius :

Do you know of these eleven signatories ? 

What do you think of this eleventh hour common sense?

2014 will be a crucial year in EU as the parliament and Commission Heads of EU change. 

Fri, 12/27/2013 - 15:04 | 4279744 jonytk
jonytk's picture

and of course bitcoin surged on news of a higher euro.

as arbitrageurs buy with USD and sell for eur , then sent the eur to bitstamp where is converted at latest prices to USD... getbitcoins same with stocks, oil etc

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