Home sales numbers at 10:00. This selloff could well be positioning for a rally if numbers are good.
Got a bid sitting at 12.25, could get filled on a quick dip after the report is released...
I had the same question. Here's what seems to be the reason:
http://www.forexfactory.com/news.php?do=news&id=364923
http://www.forexfactory.com/news.php?do=news&id=364932
:confused:
Forty minutes in and the whipsaw is running full speed.
May be better to take the day off and hit the beach. :cool:
http://www.evsjupiter.com/zoo001.jpg
Along those lines is this CNBS article. They are trying to front-run a selloff...must be a slow day in the news room!! :p
http://www.cnbc.com/id/47562567