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The EUR-USD Rollercoaster Goes Down As The Goldman Stop Losses Are Triggered
Earlier we warned everyone that the Goldman stop loss triggers were if not hot then would be any minute. That just happened and the EURUSD tumbled a good 40 pips in seconds as soon as the several supporting bids just below 1.35 were finally eradicated, bringing the Euro to a 5 week low. And as a reminder, tomorrow we have some very interesting Spanish and French bond auctions (for full list see here). As another reminder, both closed at record spreads. Better set that alarm for 2:45 am: things are getting dramaminy once again.
Last few minutes:
And the damamine nightmare since the beginning of August:
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roasting
<<<< KABLOOEY >>>>
And EUR/JPY ain't much better, 103 is now in danger of going buh-bye....
timbEUR!!! lol
Glad I am fully vested in the barbaric metals, gold and silver. No worries for me tonight. Let the world burn...
Time to get everyone out of equities and into currencies. Centrally-planned equity-market flash crash in 10...9...8...7...
how many Tylers are there. You (guys) are prolific....(and entertaining, and often right...;-)
The whole is bigger than the sum of the parts
that's what i said about janet napolitano! more cheese anyone?
Holy Moley that's a lot of holes!!
Janet got a hole lotta love. Only I think Janet saves her hole for Jill.
Don't you remember Fight Club?
Tyler is insomniac!
Except in the movie there wasn't a whole staff of Tylers.
The first rule is . . . .
...... never talk about Fight Club.
Nail Jennifer Aniston?
Who is Jennifer Aniston? And why should I care?
Jennifer Aniston is the hot chick that was married to Brad Pitt when Fight Club came out.
Jennifer Aniston is like the girl next door who only does it missionary style.
appearances could be misleading bud::))))
Now, a question of etiquette - as I pass, do I give you the ass or the crotch?
ewwww
Which brings us round full-cricle to the Jen Anniston vs. Angie debate. They're both hot, but Jen's a little porcelain princess - so she'd be the crotch, on the bed, eyes clamped shut, all the lights off, thinking of England. Angie's such a freakazoid they don't have a word for her yet - she'd be the ass. With toys, handcuffs, fists, a couple of her best girlfriends, maybe her brother, and cameras rolling from every angle.
Guess Tyler's an ass man. You could see it coming, right there in the movie. "Man, you've got some fucked-up friends, I'm tellin' ya. Limber, though..."
if it helps: "i am not one. but i am many."
Larry Fink summarized it perfect this morning. Europe's liquidity is vanishing, and they are on the verge of a catastrophe.
http://www.ftense.com/2011/11/european-debt-to-gdp-map-french.html
Didn't he create the first MBS? I could be wrong. But really, who cares what he says.
The only thing noteworthy in that interview was when he was asked about his role in the MF situation for which he stuttered and then recused himself.
I would not expect anything different. Thank you .
And the press is worried:
http://www.ft.com/intl/cms/s/0/c9efa9fe-0fb5-11e1-a36b-00144feabdc0.html...
Interpretation: GS stop losses at 1.35 because it knows hedge fund Euro attacks are escalating into the endgame. It is the US dollar, actually, that cannot be propped any longer, hence the Euro attack, hence the stop loss requirement. Ouch, ouch.
And one further contextual piece. Greece was downgraded when? When the US dollar began tanking.
Assume the US dollar's fall is inevitable (I mean, really ...). What's a financial industry to do in the face of that? Grab assets (read: attack the Euro, apply austerity worldwide). The implication, here, not missed by people around the world facing austerity, is that this debt-fight we're now witnessing has no solution. Many on this site know it has no solution. Many in the know (Dalio ad almost infinitum) know there's no solution. One is left with just a bit of time to grab as many assets as possible. GS stop-lossing at 1.35 is an attempt to keep the Euro from falling too quickly before assets are grabbed.
Major change coming. That line in the sand has been crossed.
Mostly American primary dealers are trying to talk down euro. They are responsible for buying all that US debt coming out 75-100 billion dollars worth per month if nobody else buys.
So naturally they are talking down competitors in Europe in order to keep the demand steady for FED crap paper. I'd bet there are a huge army of economists ordered to do just that in many banks.
"ITALY IS SELLING WHOPPING THREE BILLION EUROS! LOOK OUT!...(and btw, look here, we are trying to sell a little bit of USA debt, only 35 billion dollars)"
Yah, that makes sense. It was hedge fund reps (incl Soros) + big bank reps that met secretly in Manhattan to talk about the Euro. The very problem driving those meetings is what you say.
Failure of the Super Congress to pass a credible bill could send the Euro soaring
back up against the dollar.
Actually it's the other way around. Failure of the super committee will trigger the default spending cuts. It's highly deflationary. That would mean the dollar would tend to move up against other currencies.
At least until the fed speaks of more QE.
If they produce nothing, the sequester event is not until 2013 and all effects are delayed.
If they produce anything at all, it will be hyped bullshit and not real and will involve savings over 10 years, backloaded.
If Congress comes up with zilch, they could always vote to delay the trigger cuts.
The whole trigger idea was just BS anyway, they are not going to allow massive
defense cuts with the world involved in so much conflict. Any real spending cuts
and new taxes will not take place until after the elections, and when they come
due, will be put off again, just the way they have extended the Bush Tax cuts.
The debt and deficit spending will never be addressed by politicians until there
is a major collapse and they have no other choice.
The self elected Central Committee of the USSoA may decide what they want, but it will not save your sorry hide.
Drop it like its hot
hahaha goldman. brutal USD bidding across Asia. Happened yesterday same time after the CNY fixing. Gold is getting smashed. this a deflation trade out of Asia. Nasty
A Clockwork Orange.
It is eery tonight,as if.......
Horror show!
More Japan intervention on the way?
Let 'er rip
Good..... Now let's get the market to head south so my shorts can pay off.....
yeah, lets get this train wreck over with
No shit right? The only thing worse than being a perma-long is never knowing when to be short.
just when you think The Squid's out of tentacles "he comes forth with a new one and starts choking that thing!...OVER THERE!" Normally he's called the lawyers by now and "dropped ink" as they say. Not this time though! He's rather determined and ain't lettin' go! And the mighty Sperm Whale is just hangin' out in his living room this time "content with just the little fishies." Where's "Hank and the Killer Sperms" this time? I mean "it's your favorite meal Mr. Whale!"
sweet! im ss a ton. Lets crush this ponzi fiat currency!
*Ding Ding* $SPX Elevator - next stop 1st Floor
http://www.youtube.com/watch?v=9wjcAqhYffs
"Oh, good morning Mr. Tyler.
Going DOWN ??" ;o
Just watched (by accident) CNN report on OWS
Mother FCKING Bloomberg banned the press from the eviction
and here on ZH we had EconMatters (contributor extraordinaire) encouraging said eviction
so EconMatters this is for you
#ES&DuMoFoPIG
#Looser; fun over
I'm assuming (as opposed to presuming) that you meant #Loser.
Loser: "You're such a LOSER man!"
Looser: "Baby, can you make this choker a little looser please?"
Sorry, difficult to type in a tent...
Matt, there you go again it's spelled "trailer" but not to worry in time you may be able to trade up to a doublewide.
The #OWS initiative will surely gain me SOME sort of government hand out. A double wide would be great, after all I AM ENTITELED to have the government support me (because I went to college).
Actually I love the idea of a "Tarp" myself. You know "they took my TARP." I mean i'd be carrying a sign SAYIN' "this is my Troubled Asset Relief Program, phucker." If I wasn't pregnant of course...
Econ - nice try not only do you do bad cut and paste jobs but you also are spelling challenged
Good ... Get those hippy fuckcs out of there. They're useless ( excluding the few Ron Paul supporters).
A revolution is not some dumb fucks in the park. This thing needs to get violent and there will be some real chaos when the real revolution starts.
well said rumblefish
but perhaps a look in the mirror next time you type
the perspective of a 30 something loser (looser accrording to the dumb fck who preceded your comment) or maybe it's losers living in their mom's basement who spend their afternoons listening to Rush is always welcomed as it provides insight but in the end
talk is cheap asshole)s)
Loser, is that better? Are you going to give me another spelling lesson.
no basement, not rush.........but at least you got my age right.
no basement, not rush.........but at least you got my age right.
Rumblefish: Most (All?) great things start small; less organized. And grow. In spite of persons like yourself.
and is that what causes you to "go hunting"? Unless of course your "hunting for she's" and not a "SheHunter." Are you..."a SheHunter"?
Hopefully I will wake up tomorrow and find out that some French bankers were hung from a fucking lamp post by their ball sack!
best comment so far.
While I agree with your sentiment, I believe that a flying unicorn landing in your backyard and crapping solid gold nuggets is more probable than a ball sack being located on a banker of any nationality.
hahahaha ah sh*t that was good.
I'll order a dozen!
http://www.youtube.com/watch?v=y_Zhe2UUfcw
Former Ohio Rep. Jim Traficant "Israel Controls America"
.
http://www.australiamatters.com/cms/
http://verbewarp.blogspot.com/2011/03/operation-death-star-australis.html
This morning the words is that by Nov 1 2011 most Australian workers on Australian work sites in Australia owned by US firms will be sacked. Note: Obama signs the Permanent US Military Occupation Agreement with PM Julian Gillard this week.
We are being arse raped!
.
ass raping is not a sustainable model for human progress.
think about it.
did i declare this the coward registry?
please leave a comment or stfu.
Dude, you are talking to yourself.
Oh, a TD, big whoop. Some MW bitches use that as a "I read this' sign.
Get over yer dam self.
@"Dude, you are talking to yourself."..
yup. seems the way of virtual space, sadly.
.
@" Some MW bitches use that as a "I read this' sign.
Get over yer dam self."
.
while i don't know what this means i say " never ".
peas.
anyway, best to ya'.
Our fabian socialist ruler just lifted the ban on uranium to India, looks like they need to loosen themselves up and do some nuclear stretches to they're prepared to nail Pakistan o ranyone else (??? lol) in the region.
We're picking sides in the next war.
Stolper! Stolper! Stolper!
Do it again.
Dick is even better than Crammer.
It gonna be a 1960's market. Get u some Dramamine Burp
1.34 EUR handle about to go...Aug 4 here we come.
Tequila, beans, peyote and women...in that order
Nah, 1.34 will hold....my dick.
Wish you luck. But because I like cats:
"investors sold bonds issued by triple-A rated France and Austria and even prices of bonds issued by fiscally upright Northern European triple-A nations such as Finland and the Netherlands fell; "bonds issued by countries other than Italy and Greece were sold. It (the European sovereign debt crisis) is entering a new phase. The euro-selling may accelerate going forward,"
Also i'd be watching the AUD, that hits parity next three hrs or so the psycho support on the 1.34 goes it will capitulate.
I picked a bad day to close FX and snort heavily....
Tyler, the list you showed says Thursday is when the Spanish and French bonds are auctioned to the ECB.
Am I reading it wrong?
Wrong thread, and Schatzie gets auctioned in hours.....
OK thx. The link ..."(for full list see here)"... goes to the Nov list, which shows only UK/Germany tomorrow & Spain/France on Thurs.
I guess at this point, the only thing that matters is that the ECB will have to devalue and the Fed will have to buy every single printed euro to keep the market in Cloud City.
245 am? what time zone my man...
UGLY fucking contest.
But, but Dell didn't die and Beazer Homes loss narrowed and there's hope that rich Chinese wills shop at Tiffany's next month! Whoo hoo!
This is some Hot economy, someone open up a window I'm burning up!
If I were a central planning WS-type, I'd pay Starbux to make their coffee extra strong this month to induce shopping mania
You forgot "Coach bag."...sorry, i thought you were on a roll and would complete that wonderful train of thought you'd started. Unless of course "this is another lesson in the impossibility of on-line sarcasm." In which case "Coach Bags" again!
Ok, go long EUR. 5 Hours to Eurotard open. GS is buying with all tentacles and feet.
Gotta make up for Stolper.
Bail at 133.992
Based on 1.345 entry.
Euro at 1.40 in a week.
Can't argue with a GS top. They always move it there.
Euro is up 100pips since I posted above forecast. The 2:45am 'catastrophe' the 'Tyler's ' were scaring everyone with was the complete opposite. Some 'Tylers' are smarter than others. Euro will be 1.40 in a week. Get LONG.
I have always wondered how many Tyler has on staff. From my experience here it has to be at least 20 and some always around 24/7 except when Tyler allows a thread for us to rap on. That is the only time I Think!! he closes up his tiny office on planet Jupiter. lol
As long as GW chokes on perceived pollution somewhere, I don't care. Donate or click.
It's far less than 20. I know from running my own business that if you have super-competent reliable types, things run smoother with fewer people. We know of a few assistants (Sacriledge, among others) but from the writing styles I would be shocked if there are even five "Tylers." My guess is three, plus a couple assistants (not counting IT), with the real Tyler doing the investment suggestions, and he has some skillz, man.
If there's substantially more than that, I suspect it's unpaid staff with super-secret Tyler posting priveledges but I doubt this.
I do miss Marla, tho. Especially the IRC DJ nights. I wonder if we're ever getting IRC back?
tstolper@vampiresquid.com
Tom,
Could you please start making precious metal calls as well. My algo is excellent, but I can't bat 100% like you. In addition, I'm wondering how many years of experience you got under your belt because your stop levels seem to come from a free book I got on the internet. Just wondering how you liked it and whether all Squid employees make it a must read.
Wishing you all the best on the new position at MF Global making Euro calls.
regards,
-vegas
http://vegasxau.blogspot.com
Luv it!
And as a reminder, tomorrow we have some very interesting Spanish and French bond auctions (for full list see here).
And France is only offering 2% interest on the bonds... good luck with that. The ECB will come in and buy a bunch of them.
Let the dollar circulate
http://www.youtube.com/watch?v=rhl6ZPQ1Wx4
that line on the graph [ 134.73] is now @ 134.50 so graph that!
the EUR is falling so far, so fast, that stocks are starting to awaken from their PPT-induced recent c.o.m.a. and head south, also fast, BiCheZ!
stay tooned...can SNB support be far behind?
one trainload of swiss francs, comin up!
for some good info not available in one place anywhere else.. to my knowledge..
http://www.santangelsreview.com/
lots of Great! Video's and some white papers as well.
enjoy!
JW APPROVED!!
some trader saying this: "Part of it is simply a correlation trade. They're all just so linked by the computer models that when one of those three (EUR, AUD and stocks) goes, the other two go with it,"
Huge gap down on US markets coming...lets smash all supports, HFT's get loaded and short you f*cking robots. Europe falls apart before christmas
yeah bets on Greece is exiting the EU, then Italy, Spain, Portgual...France is done too.
1.34 goes, boom, ping pong on equities then a CB prints. Meantime EUR is going down.
Wow, look at that head and shoulders. Double it up baby. Target 1.29-1.30
gutsy call you may get in early...i'd feel more comfortable shorting at 1.30ish which imo would be h&s confirmation...i hope you're right, i'm staying away for now...it's all up to the "super duper committee" or whatever the fuck they're calling it now
AUD/USD dropping hard to just barely above par...looking for that to break down further also.
1.40 here we come :-(
And I am holding a bunch of FAZ, PHYS, and EUO overnight :-(
Funny thing is even in October I picked up 10% while shorting financials. You know, the month the market was fixed.
Must dump. Everything is going to be better tomorrow because US GDP growth is going to be 3.5% this quarter according to Steve Liesman.
I guarantee Liesman will say any/or of the following "all in all it is a good report" or "it looks like we are avoiding a double dip" or "there is some good stuff in here"
but will he say "you're playing with my Tonka truck Joe Kernan..and i want it back now!"? That's what i want to know...
quick we need some hopetimism before the open
and here comes the m/s/m hope machine via cnbc
With US Data Improving, Markets May Ignore Europehttp://www.cnbc.com/id/45312374
some of the most fun stuff always happens in the wee hours of the morning.........
i guess this means that gold and silver will remain range bound.......
Scary looking charts. Hi all! Just checking to see if my account works. I registered "Weeks" ago ... but then that 4 letter word got the best of me .... "WORK" .... Yes, I'm a Slave/Serf in the Kingdom of President Zero. (I'll be good, I promise, Well ... Sort of .... HeHeHe - Evil Grin)
Welcome to the Circus. grab a seat, grab a beer, kick up your feet, light 'em if you got 'em and enjoy the show:-)
i second this sentiment
Staying in bed all day is cheaper than working for fiat.
Uh-oh! Someone please help! We need a new rumor of a plan to make a plan to save the Euro. Soon please!
Sleep is for closers
I made some fresh popcorn for tonight.
Risk off again. It's like drug three times a day.
CNBC Ostrich Market!
Translation:
Put your head in the sand. It is good down here and we can't see Europe at all. Who cares if our asses are exposed.
so if you say "we're not gonna be the dumb money again" and you are again...what do you say to that? Here's a thought: "i want a job with CNBC." You never know! "You used to be REALLY RICH!" And now? "You're just comfortably well off."
Sticks , candles, curves... That big white " skid mark" , means something!
Right?
The United States will pass $15 trillion in debt this before sunrise. Amercia!! Fuck yeah!!
Yet another false alarm.
http://www.marketwatch.com/story/the-euro-is-dead-long-live-the-euro-201...
The euro is dead. Long live the euro. Commentary: The euro’s actual behavior has defied expectationsDid someone strap an anvil to the Euro? Sure looks like it in the last half hour. Look out below!!!!!!!!!!!!!!!!!!!!!!
Alas, the euro was a trojan horse designed to destroy sovereignty.
Thus, of course, they shall destroy to conquer,
with their monetary religion.
Would depend on momentum but 1.30 could see a "hail mary" bull reaction.
OK. I think this shouldn't surprise anyone, in fac I was pissed yesterday as of course the hft bozo's ramped up off the trend line at the end of the day, and if you had been following the trend lines the s and P hadn't gotten to the point it needs to for support, and udn (weekly hadn't) hit it's support line. so of course the open would be down today, now we can screw about for the week and move up going no where and then big drop. why we don't just drop to where we need, good knows. it's a hft front running scam and allowed what a joke every hourly over sell off getst boought into sp we close higher and drop to the lower low. the joke the us markets have becone, and of course if it ws charted out we hit the eop of the down trend and sold towards the end of the day. Watch the hourly macd if you want to trade this crap.