Posted by windyjazz on 11th of Jan 2012 at 07:37 am
Anyone here have any info on what "event" or European data point
caused the Euro to dump 100 pips and take futures and world markets
down close to 1% with it? I'm just curious. Currently the Euro has
bounced off horizontal support in the 1.2680 area.
Posted by blake_20 on 11th of Jan 2012 at 10:00 am
Some guy at Fitch ratings made inappropriate comments for a
ratings agency. He said ECB needs to buy sovereign debt & they
should loan money to EFSF. Also he said Italy is too big to fail
& too big to rescue. Too politically hot. Rating agencies
aren't suppose to comment like this.
Posted by windyjazz on 11th of Jan 2012 at 08:08 am
looks like "someone" just pumped the Euro for 40 pips...oddly
enough the the 5 min green candles on the Euro match the green
candles on ES almost exactly.
Futures and World Markets
Posted by windyjazz on 11th of Jan 2012 at 07:37 am
Anyone here have any info on what "event" or European data point caused the Euro to dump 100 pips and take futures and world markets down close to 1% with it? I'm just curious. Currently the Euro has bounced off horizontal support in the 1.2680 area.
WindyJazzz...you didn't get the memo...
Posted by zach06 on 11th of Jan 2012 at 07:55 am
PPT went on vacation for a couple days. LOL
Some guy at Fitch ratings
Posted by blake_20 on 11th of Jan 2012 at 10:00 am
Some guy at Fitch ratings made inappropriate comments for a ratings agency. He said ECB needs to buy sovereign debt & they should loan money to EFSF. Also he said Italy is too big to fail & too big to rescue. Too politically hot. Rating agencies aren't suppose to comment like this.
Nope didn't get that memo..but
Posted by windyjazz on 11th of Jan 2012 at 08:08 am
looks like "someone" just pumped the Euro for 40 pips...oddly enough the the 5 min green candles on the Euro match the green candles on ES almost exactly.
German recession?
Posted by philosoraptor on 11th of Jan 2012 at 08:11 am
German economy shrank in 2011 Q4:
http://www.businessweek.com/news/2012-01-11/germany-may-be-on-brink-of-recession-after-gdp-decline-economy.html