Holy sh*t!

qazwsxedc · Apr 2, 2004

Quote from BKuerbs:

Just looked into my (somewhat outdated) statistics database: There have been 19 moves larger than one full point since the introduction of the Euro based FGBL (March 1999), all around this time of day.

Were they usually on the first Friday of the month as well ?

rjlund · Apr 2, 2004

I understood your point. But it wasn't just commentary posted early, it was exact figures and analysis of those figures. And they were posted two minutes ahead of time. I'm just sayin'. I'm not surprised, just observing what happened.

qazwsxedc · Apr 2, 2004

Quote from rjlund:

I understood your point. But it wasn't just commentary posted early, it was exact figures and analysis of those figures.

Ah. Not being on a Reuters feed I didn't know that. Right, in that case it does reek of early release of embargoed numbers. Hm. Maybe Reuters *is* worth the money.

Gringinho · Apr 2, 2004

Quote from EtfTrader:

Reuters wrote that article and was privy to that information prior to the 8:30EST report.

THEY ARE BUSTED.

No reporter could have analyzed and written that much information out in that amount of time.

Of course they wrote it beforehand, as a template it's pretty easy; then with several templates it's pretty easy to just get the thing out in a couple of seconds.
Elementary...

Kicking · Apr 2, 2004

Quote from qazwsxedc:

Seems to me that the proper capitalist way to react to these advance orders is to ride on their coattails. Seriously, this has happened two months in a row now - I'll watch for it next time and jump in. Nothing wrong with following the smart money.

you don't know what you are talking about going with the first move is asking for big trouble. Things like today don't happen vey often This is why when something like today happens the move is amplified because probably of those who fade the spike leading up to the announcement.

rjlund · Apr 2, 2004

You didn't even have to pay for. It was on their free, public homepage for anyone to lucky enough to have hit their site between 8:28 and 8:29:59. How many people will be checking Reuters immediately before the next report comes out?

As if they're gonna let that happen again.

This wasn't some templated article. It had EXACT numbers two minutes BEFORE the report was released.

Kicking · Apr 2, 2004

Quote from rjlund:

You didn't even have to pay for. It was on their free, public homepage for anyone to lucky enough to have hit their site between 8:28 and 8:29:59. How many people will be checking Reuters immediately before the next report comes out? As if they're gonna let that happen again.

This wasn't some templated article. It had EXACT numbers two minutes BEFORE the report was released.

are you sure your clock is accurate? why would they get this befor ethe announcement?

NUTSNEAL · Apr 2, 2004

Wag the Dog!

rjlund · Apr 2, 2004

Reuters clock would be the real question. I got a screen capture of it and the time has since been changed on their homepage.

EBOAH · Apr 2, 2004

BLS sends the numbers out to the news wires like Reuters before the actual release time, it is called an EMBARGO with the understanding that the news wires will not release the information until the report should be release, at 8:30am ET.

It's quite obvious now, the reporter for Reuters, Tim Ahmann released the report before it was time, at 8:28 am ET

I say the FBI needs to check into this!