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Algos Celebrate Virtu's IPO With Massive Euro Stop Smash
EURUSD just exploded 80 pips higher as Japanese markets opened (once again for no good reason - just like DAX at the EU close). No ther markets are moving with it (as both spot and futures are poked higher on relatively heavy overnight volume). We assume this is just the machines over at Virtu (which IPO'd at a $19 price tonight) celebrating... after all they said the FX market was the next to be rigged by them (allegedly)...
On heavy volume...
Remember what happened after the BATS IPO... could be a fun open tomorrow.
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Very soon entire bank system will shut down.
Look at currencies and you can tell easy these are CB buys and sells. I have more than you. And so on and so on. This is all out war.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Put up or shut up, you damn Bot. Let's see your financial statements, using GAAP.
got paper?
I giggle at this sort of comment you say, cause its true.
3 important Things people are missing about the market.
1) Earnings is not that bad, they revise down, and then beat. Fancy that!
2) Crude is bottoming here, could be whats termed a “W BOTTOM formation” See here => http://www.bit.ly/1fMcakI
3) There are big analysts who keep saying the market is topping, they are saying this so they can get long, while people are selling, and getting caught out yet again and HAD! fancy that as well!!!
Do not listen to CNBC, these guys are doing the opposite to you. Yes…..fancy that LOL. :-D
Skynet is self-aware
Welcome Back My Friends to the Show That Never Ends.
~EL&P
my algo is better than yours! yeah, well my algo has lasers! yeah, well my algo has an algo that has sharks with lasers on their heads!
I am sorry, but the article is wrong!
The spike mentioned has nothing to do with the EUR/USD currency pair in particular. It is a spike across the whole USD index.
All major currency pairs are affected. The GBP/USD, USD/CHF, USD/JPY, USD/CAD and so on were spike-ing at the same time with the EURO and with aproximately the same amplitude.The USD was sold across the board.
It is likely the fact that the Asian traders were entering the FX market and were subjected to the new information since yesterday morning. And they were reacting to it by dumping the USD. Nothing more.
While I do not doubt the existence and negative effect of the HFT in the FX and other markets, less ideology and more objectivity are desired when publishing such news.
100%. It's just a dollar smash. It would have been more apt to post USD/JPY as a carry trade reversal in an article on the Asia open.
Does a ton of dollars have more or less BTU content than a ton of Japanese Yen? It is the only way that I can figure out how to value totally worthless fiat currency.
ever seen the video of the bridge collapsing ... swinging up and down in the wind before ............kaplunck
Now that you mention it......
https://www.youtube.com/watch?v=3XE5qU0c5qU
What if we emp'ed Virtual?
Must be the same ones who deleted all comments on this:
http://www.zerohedge.com/news/2015-04-06/virtus-second-attempt-going-pub...