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First EURUSD Print: 1.3045

Tyler Durden's picture




 

Something tells us the BIS' Mikaël Charozé is not going to be too happy defending that all important 1.3000 border in the EURUSD tonight. First prints out of the gate: a timid 35 pip drop to 1.3045.

 

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Sun, 05/06/2012 - 14:47 | 2401169 JeremyWS
JeremyWS's picture

Going to be a fun week :P

Sun, 05/06/2012 - 14:49 | 2401177 maxmad
maxmad's picture

Collapse Bitchez!  VIVE La France!

Sun, 05/06/2012 - 15:02 | 2401219 Xibalba
Xibalba's picture

The revolution will not be ....on cnbc

Sun, 05/06/2012 - 15:03 | 2401233 SilverTree
SilverTree's picture

2012 Nevada GOP Convention Proceedings.

http://www.ustream.tv/channel/nevadaconvention

Sun, 05/06/2012 - 15:07 | 2401243 knukles
knukles's picture

 

 

 

                               maniacal giggling

Sun, 05/06/2012 - 18:08 | 2401709 francis_sawyer
francis_sawyer's picture

I have no comment until SLEWIE & YEN CROSS chime in...

Sun, 05/06/2012 - 15:05 | 2401237 FlyoverCountryS...
FlyoverCountrySchmuck's picture

Apple Stock, the New Global Reserve Currency, should SOAR tomorrow.

Sun, 05/06/2012 - 16:30 | 2401434 Comay Mierda
Comay Mierda's picture

AAPL broke 50 day moving average on heavy volume couple weeks ago and couldnt rebound, now back under 50 sma.  pile on the shorts

if EUR/USD breaks 1.3000 look out below, next support at 1.26 and if that breaks it will see parity with USD

Gold about to break higher and USD aint looking so good either

Summer is going to be  very interesting

 

Sun, 05/06/2012 - 16:55 | 2401534 DeadFred
DeadFred's picture

That's one of the problems with soaring stocks, they have such a loooong way to drop. Of course being a socially approved stock it can never be described as a bubble.

Sun, 05/06/2012 - 17:37 | 2401652 NewWorldOrange
NewWorldOrange's picture

"It's going to be a very interesting summer."

Yes indeed it is. Perhaps even better than last summer (for currency traders.)

As for this evening, I think AUD/USD and/or NZD/USD are better shorts than EUR/USD. Always great "risk off" trades, especially on a Sunday evening after such a weekend. Whether the markets perceive increased volatility much in part due to the Europe elections, a decline in global markets, or are still just pricing in the Friday's jobs report, there is likely to be a flight to the "safety of the US dollar" (yeah, I know - LMAO too) and when that happens the Aussie and Kiwi usually take a real beating. Especially if commodities markets are trending down as they have been.

Shorted both and EUR/USD Friday afternoon. Just closed EUR/USD. Just added BIG to my already sizeable shorts on AUD/USD and NZD/USD. I'll either wake up with a huge profit or most of my earnings from the past two months wiped out. Because sometimes you just gotta' go for the gusto.

Sun, 05/06/2012 - 15:29 | 2401313 banksterhater
banksterhater's picture

fumigate them. give Kernen his own chamber!

Sun, 05/06/2012 - 15:03 | 2401230 Joe The Plumber
Joe The Plumber's picture

Temporarily bad for euro but hollande likes to say " growth" a lot and the markets love to be lied too. I wouldnt be surprised to see the CAC have a nice pop in the next week or two

Sun, 05/06/2012 - 15:11 | 2401257 Joe The Plumber
Joe The Plumber's picture

Lol daily kos lurkers are highly sensitive. Somehow they believe when playas don the red team jersey it means something

Sun, 05/06/2012 - 15:39 | 2401336 slaughterer
slaughterer's picture

Hollande wants the ECB to print.  Enuff said.  

Sun, 05/06/2012 - 17:19 | 2401615 xela2200
xela2200's picture

Growth = Print

Print = Dictator for life

Sun, 05/06/2012 - 14:48 | 2401170 agent default
agent default's picture

Just wait for the bank Holiday in Greece tomorow.  

Sun, 05/06/2012 - 15:10 | 2401258 permafrost
permafrost's picture

You mean the bank holiday in Greece this month.

Sun, 05/06/2012 - 15:17 | 2401278 taniquetil
taniquetil's picture

Why don't we just pay them to stay home and not fuck stuff up?

Sun, 05/06/2012 - 16:00 | 2401373 I should be working
I should be working's picture

Wait, Greece still has banks???

Sun, 05/06/2012 - 17:12 | 2401591 WmMcK
WmMcK's picture

Just wait for the bank Holiday(s) in Greece starting tomorrow.

Sun, 05/06/2012 - 14:52 | 2401183 I am Jobe
I am Jobe's picture

Meanwhile in the USSA, must save the EUR at all costs. Bendonkey shitting bricks and Geitner is whacking off

Sun, 05/06/2012 - 15:04 | 2401236 Joe The Plumber
Joe The Plumber's picture

Save the euro but keep it weak so we have more room to QE

Sun, 05/06/2012 - 15:30 | 2401318 Joe The Plumber
Joe The Plumber's picture

That is not my opinion or hope. That is what bernanke is thinking. I should be more clear

Sun, 05/06/2012 - 15:21 | 2401286 FlyoverCountryS...
FlyoverCountrySchmuck's picture

Goldman-Sachs is just TOO BIG TO FAIL, BABY!

(And if you are one of those people who saw Obama say "THE ERA OF BAILOUTS IS OVER!", you muss be a rassiss!!!)

Sun, 05/06/2012 - 14:54 | 2401187 ZeroPower
ZeroPower's picture

Fucking socialists taking over Europe now. And here i was thinking obamAo was a one-off event.

Sun, 05/06/2012 - 15:02 | 2401220 billwilson
billwilson's picture

Do you have any understanding of reality. In Europe Obama would be called a right wing radical.

About time the bankers got their spanking ... Good on ya Greece and France.

Sun, 05/06/2012 - 15:05 | 2401242 GeneMarchbanks
GeneMarchbanks's picture

Fear not good friend. Canada will still have the Queen on its currency while you shall continue having your 'freedom' an' shit.

All I'm saying is: there's hope.

Sun, 05/06/2012 - 17:10 | 2401587 WmMcK
WmMcK's picture

But no longer on the penny. Welcome Liz, Abe may join us shortly.
Tom in January and who know who(m) after that.

Sun, 05/06/2012 - 15:10 | 2401256 DosZap
DosZap's picture

Fucking socialists taking over Europe now. And here I was thinking obamAo was a one-off event

 

Huh?..............Europe has been Socialist for years,nuttin new here.

Sun, 05/06/2012 - 18:39 | 2401791 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

If you've been paying attention, you'd know there's not a fuckin' hair's width between the "left" & "right" anywhere anymore..  Both are merely two tribes wholly owned and operated by the moneycrat bankster stooges..

 

Wake me when we start seeing banksters hanging by their heels, throats slit and draining like pigs in a slaughterhouse..

Sun, 05/06/2012 - 14:54 | 2401189 CURWAR2012
CURWAR2012's picture

QEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Sun, 05/06/2012 - 14:54 | 2401194 carbonmutant
carbonmutant's picture

I wonder if the Chinese will chase this dog tonight...

Sun, 05/06/2012 - 14:55 | 2401198 maxmad
maxmad's picture

Chinese are shorting both Euros and Dollars tonight!

Sun, 05/06/2012 - 15:24 | 2401299 Id fight Gandhi
Id fight Gandhi's picture

That dog don't hunt

Sun, 05/06/2012 - 18:03 | 2401696 NewWorldOrange
NewWorldOrange's picture

They should short AUD/USD. About to fall off a cliff. 1.0149 now. Probably at parity within a day.

Sun, 05/06/2012 - 14:54 | 2401196 buzzsaw99
buzzsaw99's picture

1.30 is China's problem the same way usa clownbux are.

Sun, 05/06/2012 - 15:07 | 2401245 Joe The Plumber
Joe The Plumber's picture

Socialist, conservative, mere words with no meaning. We are all statists now.

This was recognized by william f buckley when he said conservatism ( as we knew it in the ussa) was dead

Sun, 05/06/2012 - 15:29 | 2401316 financial apoca...
financial apocalyptic contagion's picture

statists? more like totalitarian

Sun, 05/06/2012 - 18:09 | 2401710 WonderDawg
WonderDawg's picture

You can say that again.

Sun, 05/06/2012 - 15:30 | 2401317 financial apoca...
financial apocalyptic contagion's picture

statists? more like totalitarian

Sun, 05/06/2012 - 15:32 | 2401322 Joe The Plumber
Joe The Plumber's picture

It always evolves that way

Sun, 05/06/2012 - 16:26 | 2401425 Beam Me Up Scotty
Beam Me Up Scotty's picture

Hey don't talk bad about Clownbux.  People are willing to trade me gold and silver for them.

Sun, 05/06/2012 - 17:08 | 2401580 WmMcK
WmMcK's picture

But maybe just for the time being ...

Sun, 05/06/2012 - 14:59 | 2401215 The Axe
The Axe's picture

China has to...and has supported  the 1.30 level in the Euro...period...

Sun, 05/06/2012 - 15:12 | 2401262 monkeyshine
monkeyshine's picture

Maybe they should back off and wait to start 'averaging down' at the 0.7 level.

Sun, 05/06/2012 - 15:49 | 2401362 HoofHearted
HoofHearted's picture

True story- I got an invite to a conference in Caen France just yesterday. The registration fees will only be accepted in US dollars. They will not accept euros, even if you want to pay the day of, right there in Caen.

Sun, 05/06/2012 - 16:48 | 2401507 Dien Bien Poo
Dien Bien Poo's picture

bullshit.

Mon, 05/07/2012 - 17:51 | 2404839 HoofHearted
HoofHearted's picture

Hey dickhead, take a look for yourself:

http://www.ibec-info.org/2013/conference-fees/

You have to be smart enough to get down to the part that says "Payment Option A." You can walk up the stairs from the basement and ask your mommy to show you where that is. Maybe she can even read you the part about not accepting euros.

We don't need to bluff around here. We're the real shit.

Sun, 05/06/2012 - 15:04 | 2401232 Kaiser Sousa
Kaiser Sousa's picture

"Let's get ready to tummmmmble...."

Sun, 05/06/2012 - 16:25 | 2401248 Everybodys All ...
Everybodys All American's picture

I don't see how you can defend the Euro. That fiat is going a lot lower. When the Germans realize the experiment is over ... they will decide how fast this currency goes away?

Sun, 05/06/2012 - 15:11 | 2401255 ISEEIT
ISEEIT's picture

It is NOT BROKEN!!

We can make this thing werk.

Forward!

Sun, 05/06/2012 - 15:14 | 2401265 Joe The Plumber
Joe The Plumber's picture

Over the cliff! First man over wins!

Sun, 05/06/2012 - 15:17 | 2401271 junkyardjack
junkyardjack's picture

A weaker euro means US stocks go up or down?...

Sun, 05/06/2012 - 15:33 | 2401328 Joe The Plumber
Joe The Plumber's picture

Up for a while. Risk on is the new risk off in amerika

Sun, 05/06/2012 - 16:10 | 2401391 Coast Watcher
Coast Watcher's picture

A weaker euro implies a stronger dollar, and that usually (emphasis on usually) means the market drops because exports cost more.

Sun, 05/06/2012 - 16:17 | 2401411 GeneMarchbanks
GeneMarchbanks's picture

Bots respond to exports now? Good to know. Thanks for the education. Jesus.

Sun, 05/06/2012 - 15:20 | 2401282 valkir
valkir's picture

Gold 1900,silver 50 ,next 2 weeks,bitchez

Sun, 05/06/2012 - 16:52 | 2401524 TN Jed
TN Jed's picture

$27.81-$27.89 first though.  I abhor a gap and that one was created 1/2/12 after that weird holiday.  Kept me from chasing the dragon.  Just a heads up.  Been waiting for 4 months for that shit to fill and have not seen a single guru mention it.  We'll see.

Sun, 05/06/2012 - 17:06 | 2401573 WmMcK
WmMcK's picture

Oh, I hope we see < $28 but I'll start buying below $30 tomorrow if possible.

Sun, 05/06/2012 - 18:53 | 2401574 DeadFred
DeadFred's picture

Get it now.

Sun, 05/06/2012 - 22:41 | 2402380 StychoKiller
StychoKiller's picture

"I woke up a feelin' mean;

Went down to play the slot machine...

The wheels turned around, and the lemons read:

Better head back to Tennessee, Jed!" -- Grateful Dead

Wed, 05/23/2012 - 00:30 | 2453955 TN Jed
TN Jed's picture

Hope you all waited for that $27 handle.   Looks like 1 person didn't.

Sun, 05/06/2012 - 18:38 | 2401787 AmazingLarry
AmazingLarry's picture

Silver has been tied to the hip with EUR/USD since $20.

Sun, 05/06/2012 - 15:50 | 2401295 tallen
tallen's picture

Greece fails to elect government of any form, debt repayments are not met. Banks with exposure to Greece get hammered and the financial system starts going down the toilet again.

Looking forward to a nice pullback in the ES. Bonus points if we get a lehman style collapse.

Sun, 05/06/2012 - 15:50 | 2401364 mendigo
mendigo's picture

You're talking sense.
Hope that works for you.

Sun, 05/06/2012 - 15:26 | 2401306 ISEEIT
ISEEIT's picture

I like socialism too.

Then everyday I get up and play capitalist.

If only I could keep these other fuckers from doing the same thing.

Ahhhh Merde!

Sun, 05/06/2012 - 15:30 | 2401319 q99x2
q99x2's picture

If all the currencies are being devalued at the same time how are you supposed to know what they are worth unless you buy a beer now and then.

Sun, 05/06/2012 - 16:14 | 2401404 Elwood P Suggins
Elwood P Suggins's picture

Big Mac Index.

Sun, 05/06/2012 - 17:03 | 2401563 WmMcK
WmMcK's picture

Keep buying metals every chance you get? Beers and popcorn good also.

Sun, 05/06/2012 - 15:49 | 2401355 orangegeek
orangegeek's picture

USD Index remains bullish under a elliott wave primary count (ie:  the EUR is bearish).

 

http://bullandbearmash.com/index/usd/daily/

 

This week is going to be a bumpy ride.

Sun, 05/06/2012 - 15:47 | 2401357 mendigo
mendigo's picture

They're just setting the bear trap.
Will be green accross the board my Monday.
snafu

Sun, 05/06/2012 - 16:30 | 2401423 Conman
Conman's picture

Bears? There's still bears left in the market? On a market that goes up on any news, i really font see many bears left, in fact a good amount of the notable bears had capitulated weeks ago. 

Algo trapping other algos maybe?

Sun, 05/06/2012 - 16:02 | 2401377 RoadKill
RoadKill's picture

The talking heads are already defending this as bullish...

Hollande just wants to spend 1% of GDP more. This is absolutely the correct thing to do according to Krugman and Keyenes. He will pick a respected financier as PM. The Greek government wont be convened for months and the anti-bailout parties wont change anything that tjreatens the Euro. The markets are overreacting if they sell off on this. Growth is good. The obama camp is cheering this. It shows austerity doesnt work. The Republicans better take notice. The people wont support austerity.

No one has said one freakin thing about where the money is going to come from or how what this really shows is that you are scrrwed if you let your debt go to high.

Sun, 05/06/2012 - 16:06 | 2401384 Loukanika the r...
Loukanika the riot dog's picture

Its alrerady started here! The Golden Dawn (fascist) goons kicked out reporters who failed to stand up when their leader walked into his press conference http://www.newsit.gr/default.php?pname=Article&art_id=138079&catid=9 (In Greek sorry)

and Golden Dawn leader Nikos Michaloliakos after an Athens press con. He had just been given the Nazi salute by his followers Early results show party getting 22 seats https://twitter.com/#!/ekathimerini/status/199214942543552512/photo/1 (Not proven yet)

Can I hear the sound of tanks rolling into Syntaga Square yet?

Sun, 05/06/2012 - 16:09 | 2401392 RoadKill
RoadKill's picture

Good thing the Europeans completely defunded their millitaries over the last 20 years. It will take them a decade to build up to a level that they can fight another war. Bullish for American exports!!!

Sun, 05/06/2012 - 16:08 | 2401386 RoadKill
RoadKill's picture

1.031 and falling Bitchaz

Sun, 05/06/2012 - 17:55 | 2401679 xela2200
xela2200's picture

1.031 or 1.301?

Sun, 05/06/2012 - 16:12 | 2401400 Conman
Conman's picture

So whats the over under on eurusd going par by eRection time?

Sun, 05/06/2012 - 16:17 | 2401409 RoadKill
RoadKill's picture

EXTREMELY low. It will eiather be around 1.3 as LTRO 3, 4 and 5 meets QE 3, 4 AND 5. Or 0.7 if the EU actually sticks togeather but lets the currency get where it needs to be for exports to save them. Or 0 if the EU explodes.

Sun, 05/06/2012 - 16:13 | 2401401 RoadKill
RoadKill's picture

I would correct my previous post, but its down to 1.3027 now

Sun, 05/06/2012 - 22:45 | 2402389 StychoKiller
StychoKiller's picture

Euro = 1.2979...

Sun, 05/06/2012 - 16:24 | 2401424 Loukanika the r...
Loukanika the riot dog's picture

Wait a minute we needn't worry at all. Hot off the press from the english version of Greek Daily Ekathimerini EC to set and Office Up in Athens ...http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_06/05/2012_440871

Thank God!!! I can sleep easy tonight /sarc off

Sun, 05/06/2012 - 17:52 | 2401676 smiler03
smiler03's picture

Well that's a great place to start, greet them politely and then tell 'em to fuck off.

Sun, 05/06/2012 - 16:27 | 2401428 Irene
Irene's picture

If memory serves, when Mitterand, the last French Socialist prez, was elected the exchange rate was about $1=4FF.  Five years later, it hovering just above $1=10FF.

Can't wait to see what happens this time.  Paris real estate, bitchez!

 

Sun, 05/06/2012 - 16:45 | 2401502 Dien Bien Poo
Dien Bien Poo's picture

thats total bullshit. franc never got to 10 to$1! you madame are full of shit. so paris real estate? i doubt you can afford the white trash van you live in now...stupid bitch.

Sun, 05/06/2012 - 17:17 | 2401609 Irene
Irene's picture

Here you go, and the source is the St. Louis Federal Reserve.  February 1985, $1=10+FF. 

http://research.stlouisfed.org/fred2/data/EXFRUS.txt

I vividly recall $1=9.92FF at Amex, rue Scribe. 

Next time, rather than ad hoc (not to mention puerile) insults, go check your facts before you show the whole world just how ignorant and sexist you really are. 

Have a nice day, DBPoo!

 

 

Sun, 05/06/2012 - 17:35 | 2401654 mendigo
mendigo's picture

You talkin some euro-trash now, bitch.
Very nice.

Sun, 05/06/2012 - 18:17 | 2401727 WonderDawg
WonderDawg's picture

Well done, Irene.

DBPoo PWND!

Sun, 05/06/2012 - 18:35 | 2401781 jwoop66
jwoop66's picture

go get that sexist pig, toots!   

Mon, 05/07/2012 - 08:47 | 2402985 Dien Bien Poo
Dien Bien Poo's picture

that data is incorrect which hardly surprises me since its Fed data. You wil recall that when the Euro was launched the FRF was at 4.95 but yet your data says 7 to 1! 

Sorry but nice try. check bloomberg.

Sun, 05/06/2012 - 17:25 | 2401634 jomama
Mon, 05/07/2012 - 13:24 | 2403920 monkeyshine
monkeyshine's picture

I know it was around $1:FF8 about 18-20 (or is that 20-22) years ago. I wanted so very much to buy a Parisian flat at the time. But time is deflating faster than the euro for me now.... Or do I mean to say inflating?

Sun, 05/06/2012 - 16:29 | 2401435 virgilcaine
virgilcaine's picture

Time to dump it all on Sarkozy and Merkel! (EU collapse) The sooner Mr. Hollande does the better.

Sun, 05/06/2012 - 16:31 | 2401450 RoadKill
RoadKill's picture

1.3019....

This is going to be such a fun week.

Sun, 05/06/2012 - 16:58 | 2401549 pasmurf
pasmurf's picture

falling knife on cnbc 1.3011 Der Spiegel also reports that Merkels party didn't do well in a regional election. Only German one needs in Europe in regard to austerity and Merkel's version of forever is Nein.

Sun, 05/06/2012 - 17:03 | 2401562 Quinvarius
Quinvarius's picture

How is a Socialist anti-bailout?

Sun, 05/06/2012 - 18:18 | 2401728 Ocynsoul
Ocynsoul's picture

The new Greek political model...

Take the linear left/right divide and bend it, forming a circle. One point on the circumfrence is the new extreme left/right alliance, with the squishy liberal/democrats 180 degrees opposite, shades between. Centrepoint is an overhead pastorale of the abyss...

Sun, 05/06/2012 - 20:29 | 2402099 jmcaule4
jmcaule4's picture

Anit-austerity governments and it's implication for future money printing in the Eurozone. 

http://jmcaule-whatimlookingatrightnow.blogspot.ca/

Alf Fields, King World News + More!

Sun, 05/06/2012 - 20:03 | 2402030 CommonSense89
CommonSense89's picture

Socialism is a front for Populism. Whatever winds the Proletariat up and gets them foaming at the mouth. That means being anti-bailout and anti-banker (on paper).

Sun, 05/06/2012 - 17:07 | 2401579 razorthin
razorthin's picture

Perfect.  I'm completely out.  Let it rain.

Sun, 05/06/2012 - 17:15 | 2401603 XtraBullish
XtraBullish's picture

1.3019 is like gold once the USD Ponzi winds down...all currencies are going to zero but if the Fed wasn't there to backstop EVERYTHING, the Euro would be at 2.3019

Sun, 05/06/2012 - 17:26 | 2401635 navy62802
navy62802's picture

PPT will have it back up to 1.35 by the time markets open on Monday.

Sun, 05/06/2012 - 17:32 | 2401648 loudoungroup
loudoungroup's picture

BadAss?

Sun, 05/06/2012 - 17:39 | 2401658 carbonmutant
carbonmutant's picture

Looks like somebody is defending the EURO after it hit 1.3005...

Sun, 05/06/2012 - 17:40 | 2401660 loudoungroup
loudoungroup's picture

Car....the ponzi is working the markets again...It will work until the day in doesn't.

 

Sun, 05/06/2012 - 18:04 | 2401701 mendigo
mendigo's picture

ride that ponzi wave

Sun, 05/06/2012 - 18:13 | 2401715 francis_sawyer
francis_sawyer's picture

So the Euro is at 1.30... Same as it was in 2010...

OMFG ~ my HAIR is on fire!

~~~

I've said this more trillion times than there are FIAT notes out there... The EURO is a NWO "poster boy" currency... It won't die (until all Rothschilds ~ Rockefellers ~ otherwise Bilderbergs) are exterminated... Place your FOREX bets accordingly...

I'm betting on things that perform poorly (flotation wise) on ZH poster canoe trips...

Sun, 05/06/2012 - 18:40 | 2401796 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Gold & Silver

Bullets & Hard Rations

Sun, 05/06/2012 - 20:27 | 2402087 GCT
GCT's picture

1.2975 and falling all.

Sun, 05/06/2012 - 20:28 | 2402098 jmcaule4
jmcaule4's picture

Anit-austerity governments and it's implication for future money printing in the Eurozone. 

http://jmcaule-whatimlookingatrightnow.blogspot.ca/

Alf Fields, King World News + More!

Do NOT follow this link or you will be banned from the site!