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All Liquidity Disappears From Euro FX Market Day Ahead Of ECB Announcement
In what is likely an effort to comprehend whether the market is satiated with a mere EUR 50 billion per month in printed money, this morning's leaked ECB QE announcement (due tomorrow) sparked total chaos in FX markets and, as Nanex notes, sending market liquidity to near record lows. This is a problem. With the 'real' volatility event not arriving until tomorrow, everyone has pulled out of the market already... setting the scene for a gappy Swissnado replay tomorrow morning.
Source: @NanexLLC
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Bring It!!!!!!!!!! Bitchez
lol... this is getting fun.
WE don't need no stinkin' liqudity!!
At what point does this stop working on people?
I'm telling ya - cash in a safe deposit box. This bitch is gonna UNWIND!
Regards,
Cooter
Gold in the bottom of the lake. Fixed it for ya!
Blue girls come in every size
Some are wise and some otherwise
They got pretty blue eyes
For an hour a man may change
For an hour her face looks strange
Looks strange, looks strange
Marching to the promised land
Where the honey flows
And takes you by the hand
Pulls you down on your knees
While you're down a pool appears
The face in the water looks up
And she shakes her head as if to say
That it's the last time you'll look like today
Sail away, away
Ripples never come back
Gone to the other side
Sail away, away
The face that launched a thousand ships
Is sinking fast, that happens you know
The water gets below, seems not very long ago
Lovelier she was than any that I know
Angels never know it's time
To close the book
And gracefully decline
The song has found a tale
My, what a jealous pool is she
The face in the water looks up
She shakes her head as if to say
That the blue girls have all gone away
Sail away, away
Ripples never come back
They've gone to the other side
Look into the pool, ripples never come back
Dive to the bottom and go to the top
To see where they have gone
They've gone to the other side
Sail away, away
Ripples never come back
Gone to the other side
Look into the pool, the ripples never come back, come back
Dive to the bottom and go to the top
To see where they have gone
They've gone to the other side
Ripples never come back
Read more: Genesis - Ripples Lyrics | MetroLyricsSail away, away
Sail away, away
Ripples never come back
Calling Milton Bradley.
Start sending more Monopoly Games to Europe.
Try to convince people to take out some cash 'just in case' and you would think they were foregoing some serious interest payments. I don't understand their resistance.
Time to break out the Ex-Lax and get that shit moving......
Cash in a safe deposit box?
You are a slow learner.
I guess it must be no fun gambling when one doesn't know how the dice are going to come up.
Fucking rigged casino.
Regards,
Cooter
Hmmm, it's certainly pathetic, a word I've been using a lot over the last year(s), generally prefaced with a certain adjective.
DavidC
More fun?
From an FX account minutes ago......
The two pegged currencies, Danish Krona and Hong Kong Dollar have been removed from tradable pairs for security reasons until further notice.
Thank you,
draghi got the news and scribbled 75B? on a sticky note he plastered on his suit jacket.
Efficient and stable.
Does anyone else see a penis when looking at the graph? I see penises everywhere.
LOL, Dude don't ever take Rorschach test.
Nahhh.. It's clearly unicorn barf.
Looks more like a puckered sphincter to me.
*
That Euro bond leak from where I sit looks to have been already priced in...Im seeing nothing that says go with throttle up...Sure metals and miners are slightly red, but they were due for a pull back anyway...
Correct - Dax sitting at all time highs and after a 700 rise in two weeks just isn't tempting enough
Silver is still defending the 18 handle it picked up overnight and not all silver miners are red...
its a complete fucking joke man...
i mean look at the fucking Dow action...
r they serious????
that leak was a trial balloon. it appears the algos are not impressed.
Upon further review ...........
Effit, just BTFD's
wanna peak at a totally manipulated market????
http://www.kitco.com/charts/livesilver.html
With or without ECB QE - the Euro is going to slowly undwind and drop below parity.
I think this is not the first time in several years I read such a comment on ZH
yep, but then again, what has the Euro been doing lately? Seriously, what is the trade here? Will someone please put their money where their mouth is.
BTFD
Aren't you the one who keeps saying that it's all fraud?
So why do you look for 'Fundamentals' in a fiat world of organized fraud?
IMHO, you're either an Insider (and making money), or you're an Outsider (reading tea leaves and speculating). I hedge accordingly.
LoP, I'll imbibe. The amount of QE the ECB is talking about will be a net positive for the euro. The markets wanted a much larger ECB infusion.
Even if the european equity markets begin to pull back, the other global equity markets will also be affected, so will the $usd. I'd expect the eur/usd trade to range bound for the forseeable future, and it really doesn't offer good R/R at these levels IMHO.
This of course is predicated on the leaked numbers. Who knows what that ass~clown Draghi is going to actually pull out of his hat later?
When I was there for 9-11 -2001...the dollar was real strong....I would go back if it gets that low again....I love the food
Liquid(ity) dissapears due to a leak.
Sounds logical.
Frontrunning motherfuckers. What a fucking joke. What's the trade here?
"All liquidity disappears..." Is that the same thing as the tide going out so we can see all those old wrinkled asses?
Gold and Silver Phys, it seems, is the only safe haven - if you can ignore the paper manipulation and keep the eye on the inter-generational hand-off.
The rumor is that the FX has Ebola, ever since the SNB ran away.
That was the give away. The rumor spread like a punctured oil pipeline throws up goo in the gulf of Mehico.
As usual, the SNB was the first to know about the new FX disease. The gnomes have more insight than humans.
Now nobody knows how to kill the deadly beast. The ECB wants to douze it in fresh fiat, the FED may want to suck it into a NIRP black hole.
Lady Lagarde has stripped off her bra and abandoned her Gucci bag at Davos. She looks like she is going to do a desperate Femen stunt to scare away the drat financial virus.
You never know, it worked for Medusa!
This release was on purpose by the ECB. It's called testing the water. You could say the move will beat the expectations. Maybe 100B E per month? how it trades, dunno. Could go either way really to me.