Anybody know what zapped the currencies around 11:45 EST?
Somebody just hit the dollar buy button. CB?
Somebody just hit the dollar buy button. CB?
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What just zapped currencies - USD Buying?
- Thread starter downrivertrader
- Start date
Quote from WharfRat:
Verbal intervention - Market News is reporting "ECB officials to express concern about Euro".
yea i've also been seeing a shit ton of similar type comments from traders and desk all morning...kinda makes you nervous about holding dollar shorts. i think its just a waiting game now though - we gotta see how the currencies react to the next cut, and see what the ECB has to say.
i'm assuming a lot of yesterdays action (sunday late afternoon/Asia) was major panic liquidation and margin calls. the fed & BSC really caught everyone off guard releasing all that news on a weekend. volitility will probably dry up (as compared to the action the past 12 hrs) until we see what the fed does and the ECB/BOJ's response is to that.