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EUR Surges Above 1.1200 On "Significant Sudden" Buying As Liquidity Collapses
Several significant, sudden buying 'events', as Nanex Eric Hunsader notes, have crushed liquidity in Euro FX futures and pressed the EURUSD pair above Obama's "we don't want a strong dollar" spike tagging 1.1200...
and liquidity disappears again...
Charts: Bloomberg and !NanexLLC
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Somebody is making money
"The President did not state that the strong dollar was a problem," the U.S. official said.
"He made a point that he has made previously, a number of times: that global demand is too weak and that G7 countries need to use all policy instruments, including fiscal policy as well as structural reforms and monetary policy, to promote growth."
Really? He said that during this miraculous recovery that the "G7 had to use all the policy instruments yadda yaddda yadddddddda etc, etc, etc, ad hoc, Burma Shave"?
Sounds like a right policy wonk, he does.
Sure it wasn't Jan Psaki or Marie Harff said that?
Sure. OK, OK, I believe ya. Quit poking me!
OK now! Let's all hold hands and sing Kumbaya! Watchu mean you people don't know the words, bitchez?
Ah yes, the old "growth" meme again...
Growth in what exactly? The devil is in the details and infinite growth of anything in a biosphere with finite resources is impossible.
Growth in financial "products" of mass destruction? No thanks.
BFD: It was pushing 1.14 last Thursday.
http://www.marketwatch.com/investing/currency/EURUSD/charts?ma=1&maval=1...
He's just doing some commodity organizing
I saw what you did there. Brilliant.
Last time I saw the words Burma Shave was on an old sign on some two lane black top in Kansas or Nebraska, don't remember which.
Old barn in Tennessee.
That would be the inner cicles' fiends and ASSociates who had forknowledge of the coming 'dippsy doodle' and scarffed a tidy profit from the increasingly smaller pool of victims still trading these blatantly rigged markets. LOL.
when even the president is overtly in on the scam who is dumb enough to trade that shit?
Newsflash for Barry O, it doesn't matter what you want to see including negative interest rates because markets have a funny way of coming back to haunt you later for the manipulation.
Obomber don't want strong dollar, makes things tougher on his Free Shit Army.
We all know that europe is "fixed"...
Im glad Algowars, I mean Battlebots is coming back on..
Well Germany not bailing Greece.... Hmm pay the USA protection racket? Hmmmm "Sweet Caroline"
That's Pure Gold Obama. Pure Gold.
Where did the dollar bulls go? They're my favorites.
KING DOLLAR! KING DOLLAR!
:)
Long silver vs short copper if you want a trade with liquidity. Should be a fun trade with copper rolling over and silver already trashed. By mining volume and price comparision of two consumed industrial commodities with monetary histories, either silver is 10% of the correct value or copper is 10x over priced. Tons of liquidity in both paper markets.
does f ing 0bamao even understand the concept of a weak/strong dollar?
I don't think he understands much at all. He championed a massive tax hike in the middle of a depression called Obamacare. His knowledge of economics and markets is pretty low.
His job is to smile and wave for the cameras like a Disney princess and he does his job well, damn it!
"I don't think he understands much at all. He championed a massive tax hike in the middle of a depression called Obamacare. His knowledge of economics and markets is pretty low. "
IF The FED raises interest rates it might also strengthen the US$.
Higher rates tend to attract capital that had been elsewhere.
Totally normal to see no liquidity in money. It's only a market exponentially larger than equities.
Nothing is surging. Everything is going to zero. They are playing one off the other, all the way to the bottom
Hmmm -- leaked by "French Official"
No one is doing anything to manipulate the currency markets--no need for investigation and multi million dollar fines. Justa simple misunderstanding--Obama was sitting by Christine Largarde at the G7 photo shoot and whispered in her ear something about not liking strong dolls
Obomba is a foreign policy expert not a $ expert
That's right. Any minute now he is going to spring his big Foreign policy trap that will make everything he has done so far make sense.
Wait till they leak "Badges? We don't need no stinkin' Badges!"
Obama has a hard time thinking with cameron buggering him in the ass. President sparkle pony
Can't we not have a president. I don't want them anymore.
Whether the U.S. wants a strong dollar or not is academic... it's going to get one.
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...