iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

A Seismic Intra-day Move in the Euro is Rattling Markets

My suspicions of this rally being tenuous have turned out to be fortuitous. Idiots are crumbling before the surge in the euro. This surge is pressuring bonds, as the dollar descends into anarchy.

The main beneficiary is gold, which is higher by 0.8%.

Look at the euro run, fucking millions of traders who thought otherwise.

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The NASDAQ has been weakening for an hour. I waited to post this until I was sure the reversal was real.

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Crude oil, well deservedly, is trading lower.

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Now go watch the Obama press conference discussing the dangers and plights of melting icebergs and global warming. Meanwhile, markets are undergoing classic blow off top reversals.

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7 comments

  1. MBull

    Diminishing returns of QE taking a bite?

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  2. anjing bau

    Meanwhile, markets are undergoing classic blow off top reversals…… so soon you will get another OS signal on the SPY…..

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  3. tradingnymph

    BoJ is happy. So I figure July will be the next time I really have to get scared of Central Bankers. This is really going to get ugly. China, EU, Japan, USA, England, Australia all on hold for awhile….perfect storm…

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  4. bushwacker2

    The CB’s are at wits end, as markets are no longer responding favorably to QE. The apocalypse hastens.

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  5. blahblahblah

    I bought some SHAK-poo down another 4%

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  6. goldwing

    For the Fly,
    Something I found interesting and he may as well.
    http://www.bloomberg.com/news/articles/2016-03-09/failed-trades-in-10-year-treasury-soar-as-note-stays-special

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