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EURUSD Crashes 200 Pips, Biggest Drop In 9 Months
So much for The Fed stepping back to weaken the USD and save US Corporate earnings...
EURUSD -205pips...
The biggest percentage drop in 9 months...
Pushing The USD to 3-month highs...
And suggesting it is time for the PBOC to devalue again...
How will that 'help' the US earnings picture...
Charts: Bloomberg
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eh. Who care about corporate profits anyhow? CBs just keep BTFDing and BTFATHing the market higher.
Essentially this.
Until we lose control of the bond market (and maybe not even then) -- this will go churning & burning. Average person is too stupid to cognitively understand what inflation is -- so the Fed can keep doing this, and the people will keep themselves distracted with meaningless stuff.
Works for me.
Not sure why the FED would need to "save" corporate earnings. Those number are made up anyway.
You'll be buying euros for 50 cent within 5 years. Europe is being sacked right now by an invading Muslim horde. To think this is going to be economically positive for Europe is beyond naive to the point of outright delusion.
That's a best case scenario for the E.U. Just as likely it collapses entirely as the Eastern Europeans reject the genocide of their people, culture, and civilization and simply leave. The wall arond Hungaria is only the beginning. Germany, Sweden, France and the U.K. can "celebrate diversity" (white genocide) while Eastern Europe survives to fight another day.
How many billions are the corps holding on to? more smoke and mirrors as the layoffs ratchet up...
3M - 1,500 Globally
Patriot Coal - 1,900 to Start Next Week
Update: Biogen Inc. - 880
Weatherford Intern. - Plans 3,000 More by End of 2015
Ministry Health Care - up to 500
Invista plant in Orange - 110 Layoff Notices
Wells Fargo - 500
Angry Birds Studio Rovio - 213
Biogen - 400 in Massachusetts
Cabot Corporation - 300 Globally
Vallourec Star Ohio - About 100 ?
Angry Birds laying off?
Shit must really be bad when folks aren't buying Angry Birds apps...
Bending up markets for fun and profit. The EU is starting to crack, but there's money to be made and it can't possibly happen here......
It is not a crack nor a small hole. If EU is a boat than it dosn't have few hole, half of boat is missing.
Just wait until Winter sets in and the 'refugees' start seriously rioting, then we'll start seeing a real crack up....
The real unrest will occur this spring and summer when 5 million more Africans and Muslims show up. You let 2 million in this year, expect at least 5 million next year.
QUICK everyone to the other side of the boat!
Stabeeliteee
This is no big deal. The market will just get ramped before close. We might lose a few tens or scores of points, however. *shrug*
When word got around the MiddleEast and Africa that you could pay off a bunch of crooks funded by the Americans and Saudi Arabia just to ship you to Europe by boat,millions got wind of a better life than the one supporting the IMF and the dictatorial regimes that use ordinary uneducated people as modern day slave labour in order to enrich the gangsters in Washington.The countries that have been bombed into submission by the Wolfowitz doctrine and the elites saw an economic chance at getting back at the F'n crooks that bombed their societies into ruble.It's kind of like the Vietnam war where the North Vietnamese were taught to wound badly but not kill if possible.The theory being that the cost to the enemy is far greater over a longer period of time in order to economically bankrupt the opposition for its warmongering mentality.The same is being applied today by terrorist funded organizations.Send them to Europe by the tens of millions and flood them with poor people.That's the way you deal with your enemy.And that's why you see Draghi debauching the Euro.These guys are facing an endless stream of migrants for taking part as a NeoCon puppet of the doctrine from Washington.
I'm not so sure it's not the opposite, rather then terrorist driving poor people to bankrupt Europe...
The whole purpose in stirring war in these areas may be as simple as driving cheap labor into Europe, who's economy is chocking from crashing demographics.
Same for the current immigrant policies of Obama...
They're doing what their Masters have told them to do, bring us cheap labor or we move our factories to cheap labor.
It's a Cabal bent on a unified Global Government under the control of the Elite with supremacy over the US Constitution and every other Nation's Laws. Draghi, Obama, and Putin are all just pawns playing their parts in the scheme to that end.
It's the TBTF types driving this mess! Globalists Run A Muck!
As I posted earlier but it seems much like the "market" I have no short mid or long term memory.
But all the CEO's have been saying a stronger dollar hurts their international profits.
The "market" reminds me of an elderly person with dementia, and if you've had to care for one you'll know what I'm taking about. Logic center completely shuts down and does a complete 180. Instead of getting frustrated you just laugh, not at the person but at the insanity of it all. Its the only way to keep your sanity.
Now get out there and buy some VRX and some TSLA
The 2 million middle eastern refugees on welfare will help take down Europe.
Self-destruction in the not too distant future.
Starting with the most liberal countries first.
Once Sweden is under Sharia law others will join in and consume Europe.
2 million this year, 5 million this coming spring/summer. 10 million the year after that.
Europe is fucked. Expect the euro currency to keep falling until it is finally erased from existence.
What 3rd world Islamic shit hole has a strong currency? Can't name one? Well why do you think the 3rd world shitskin infested Islamic hellhole known as "Europe" will succeed.
Exactly what was wanted!
EURUSD 80 point move in the minutes before the ECB press conference started doesn't hurt to get the ball rolling. GBP also moved quite a bit before the retail sales data, but that's just efficient markets at work.
Interesting that the dollar strength is exerting so little pressure on gold.