Epic USDJPY Ramp Causes Buying Panic In Futures

Tyler Durden's picture


Wonder why the FX "cartel" sent the USDJPY soaring starting sometime around 9:00 am?

Simple: to generate the kind of momentum buying panic in ES that sent it vertical by just about 6 points in seconds.

"Fair and efficient markets."

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Fri, 02/28/2014 - 10:48 | 4488784 El Hosel
El Hosel's picture

Goldiloks Rocks the algos

Fri, 02/28/2014 - 10:50 | 4488804 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

As always, the sucker on the wrong end of the trade will get the cock up the ass.

Fri, 02/28/2014 - 11:54 | 4489162 DebtSlaveZombie
DebtSlaveZombie's picture

Yeah, and since owning gold and silver over the past 2 years has been the wrong end of the trade that cock probably feels like a ball bat.  Just buy stocks until WWIII.  SPY/QQQ up 25-30% every year until 2016/2017.  Make bank then buy gold.  See you on the coast of Thailand in 3 years... "Lookin' good Billy Ray!"... "Feelin' good Louis!"

Fri, 02/28/2014 - 10:51 | 4488813 spastic_colon
spastic_colon's picture

looks like everyone is jumping on the buy europe at 4am EST and sell right before US open and then buy ES....is it not obvious?

Fri, 02/28/2014 - 12:24 | 4489340 LookingGoodBillyRay
LookingGoodBillyRay's picture

Wake Up folks.  The early birds get fat... 

Fri, 02/28/2014 - 10:59 | 4488882 BandGap
BandGap's picture

The only way to win is not to play.

Fri, 02/28/2014 - 11:43 | 4489113 DebtSlaveZombie
DebtSlaveZombie's picture

Or buy the QQQ and SPY until Obama is out of office.  That's all you gotta do.  25% return this year and 25% return next year.  Easy cash.  Sell your home and buy gold?  Nope.  Borrow as much money as you can and buy stocks all day everyday from now until then.  NOTHING will outperform the QQQ/SPY over the next 2 years.

Fri, 02/28/2014 - 12:34 | 4489422 LookingGoodBillyRay
LookingGoodBillyRay's picture

don't be such a Big poussy....  the waters' fine BandCamp, just avoid the fundamentals with a fervor, or they'll sink you.

Fri, 02/28/2014 - 11:55 | 4489178 konputa
konputa's picture

A 35 pip increase in 1 hour is soaring? What of that 100+ pip jump in EUR/USD from 04:50-05:25 this morning?

Fri, 02/28/2014 - 17:31 | 4491091 jonytk
jonytk's picture

yep, the demise of the euro has been grossly exagerated.

Fri, 02/28/2014 - 10:48 | 4488787 Mad Mohel
Mad Mohel's picture

Anyone else having the problem of Zerohedge using ridiculous amounts of memory and locking up the browser? Started like 7-10 days ago. Come on Tylers get the shit together, or is there something else running on the site that is using so much overhead? Hmmmmmmmm?

Fri, 02/28/2014 - 10:50 | 4488803 EscapeKey
EscapeKey's picture

I had that problem with an earlier version of Chrome. So until it disappeared again, I used Firefox.

Fri, 02/28/2014 - 10:50 | 4488806 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

"Hello don't mind us looking inside your hard drive"

Sincerely, NSA

Fri, 02/28/2014 - 10:50 | 4488810 Pheonyte
Pheonyte's picture

Works fine for me. Then again, I'm running Linux.

Fri, 02/28/2014 - 10:51 | 4488812 Buckaroo Banzai
Buckaroo Banzai's picture

Get used to it. I for one welcome our NSA overseers!

Fri, 02/28/2014 - 10:55 | 4488844 American Dreams
American Dreams's picture

No issues here, Firefox with ad block running. 



the frontline is everywhere

Fri, 02/28/2014 - 10:58 | 4488871 ebworthen
ebworthen's picture

Adblock Edge.

Fri, 02/28/2014 - 11:04 | 4488903 superflex
superflex's picture

Not on my work or personal computers.  All run Chrome.

Porn websites will do that to your 'puter, I hear.

Fri, 02/28/2014 - 11:11 | 4488943 astoriajoe
astoriajoe's picture

insert obligatory SEC comment here.

Fri, 02/28/2014 - 11:05 | 4488908 superflex
superflex's picture

Not on my work or personal computers.  All running Chrome with AdBlock

German Dungeon Porn websites will do that to your 'puter, I hear.

Fri, 02/28/2014 - 11:08 | 4488930 Not My Real Name
Not My Real Name's picture

Yes. Using Firefox too.

Fri, 02/28/2014 - 11:13 | 4488955 Mad Mohel
Mad Mohel's picture

Threw on the Ad Block, looks like it loads faster already. Thanks folks.

Fri, 02/28/2014 - 11:20 | 4488987 bigrooster
bigrooster's picture

Yeah some articles load that piece of shit "media player" when you click the link.  Then all kinds of POS ads start popping up.

Fri, 02/28/2014 - 11:55 | 4489171 The Wisp
The Wisp's picture

Cough Cough... MalwareBytes.. Cough...

Fri, 02/28/2014 - 10:49 | 4488794 EscapeKey
EscapeKey's picture

Oh, it's Friday again.

Next you'll tell us six-sigma events need to have a reason.

Fri, 02/28/2014 - 10:50 | 4488799 markelshark
markelshark's picture

Wow a whole 10 pip rise? That really "soared"...

Fri, 02/28/2014 - 10:50 | 4488809 AGoldhamster
AGoldhamster's picture

30 pips a ramp ????

OMG - you folks are really getting silly now.

Fri, 02/28/2014 - 10:55 | 4488849 spastic_colon
spastic_colon's picture

was that supposed to be an email to one of your co-SEC employee buddies?  cuz it was out loud /s

Fri, 02/28/2014 - 10:52 | 4488826 LawsofPhysics
LawsofPhysics's picture

Skimming at the speed of light (and still no guillotines) - "winning".

Fri, 02/28/2014 - 10:53 | 4488832 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Someone's really been reluctant to let gold move above 1330 over the past two weeks. It's been bouncing off that ceiling for a while now, with only a few short penetrations.

Fri, 02/28/2014 - 10:56 | 4488857 Kaiser Sousa
Kaiser Sousa's picture

horrid GDP number - no problem...

and why r the phony paper prices of the only 2 forms of real money trading sideways and down?

All Down

Abrantes-Metz and Metz screened intraday trading in the spot gold market from 2001 to 2013 for sudden, unexplained moves that may indicate illegal behavior. From 2004, they observed frequent spikes in spot gold prices during the afternoon call. The moves weren’t replicated during the morning call and hadn’t happened before 2004, they found.

Large price moves during the afternoon call were also overwhelmingly in the same direction: down. On days when the authors identified large price moves during the fix, they were downwards at least two-thirds of the time in six different years between 2004 and 2013. In 2010, large moves during the fix were negative 92 percent of the time, the authors found.

There’s no obvious explanation as to why the patterns began in 2004, why they were more prevalent in the afternoon fixing, and why price moves tended to be downwards, Abrantes-Metz said in a telephone interview this week.

“This is a first attempt to uncover potentially manipulative behavior and the results are concerning,” she said. “It’s down to regulators to establish why there are such striking patterns but banks have the means, motive and opportunity to manipulate the fixing. The results are consistent with the possibility of collusion.”


Fri, 02/28/2014 - 10:57 | 4488863 AGoldhamster
AGoldhamster's picture

Long way to go still for ZH'ers whining .... wake me up when SnP > 3000.

Fri, 02/28/2014 - 11:45 | 4489122 Rising Sun
Rising Sun's picture

How about you crawl up Janet Yellen's ass and when you fall out you know she will have either died or stopped printing??


That work for you?

Fri, 02/28/2014 - 11:58 | 4489180 AGoldhamster
AGoldhamster's picture

Yes junk me, I like it ... you already junked me last fall when in the lower 17xx I said 18xx to be seen. And we finally just marched higher and higher. And you still junk me. Now at 186x. Good.

This market acts like gold in 2004 or 5 or so. Nobody believes, while there is still a long long way to go. SnP 23xx or maybe even 25xx just for this year.

Looking back from December 2014 you will understand. Like a few understood this last December.


Though - when you stop junking me I know it's time to exit this market and look for other shores.

Fri, 02/28/2014 - 11:00 | 4488886 Iam Yue2
Iam Yue2's picture

Benoit Anne changed his mind again?

Fri, 02/28/2014 - 11:16 | 4488974 Law97
Law97's picture

I've been short for two weeks betting that poor economic news, a worsening Ukraine, and weak revenues would reassert itself over the markets.  Finally covered today at a 50% loss.  You can thank me for marking the top today.  Screw this!

Fri, 02/28/2014 - 12:28 | 4489365 HRamos_3
HRamos_3's picture

So... Why don't you BTFATH now?

Fri, 02/28/2014 - 11:27 | 4489031 elwind45
elwind45's picture

Perfectionary pricing models they to shall pass

Fri, 02/28/2014 - 13:12 | 4489671 merchantratereview
merchantratereview's picture

Whoever wrote this article obviously does not understand forex.


A 20 or 30 point move happens all the time.

Fri, 02/28/2014 - 14:51 | 4490204 smcapmachine
smcapmachine's picture

And the score is:

US Fed 1000

Zerohedge 0

Fri, 02/28/2014 - 22:07 | 4492379 medium giraffe
medium giraffe's picture


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