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The Euro Just Went Reverse Vertical, And the Rally Has Now Vanished
The Business Insider ^
| 6-3-2010
| Joe Weisenthal
Posted on 06/03/2010 7:43:45 AM PDT by blam
The Euro Just Went Reverse Vertical, And the Rally Has Now Vanished
Joe Weisenthal
Jun. 3, 2010, 10:33 AM
The rally just vanished. We're not surprised. Look what the euro just did. According to ZeroHedge, there are rumors of further ECB support measures paying on the currency.
[snip]
(Excerpt) Read more at businessinsider.com ...
TOPICS: News/Current Events
KEYWORDS: euro; europe; markets; stocks
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The DJIA is up 10.0 as I post. See
here.
1
posted on
06/03/2010 7:43:45 AM PDT
by
blam
To: blam
Everyone needs to pray to Obama and it will all get better, right?
2
posted on
06/03/2010 7:45:03 AM PDT
by
A CA Guy
( God Bless America, God bless and keep safe our fighting men and women.)
To: A CA Guy
This is obviously Bush’s fault with a touch of Global Warming
3
posted on
06/03/2010 7:48:31 AM PDT
by
DM1
To: blam
Reverse vertical...down or actually horizontal?
4
posted on
06/03/2010 7:49:23 AM PDT
by
stuartcr
(Everything happens as God wants it to...otherwise, things would be different)
To: stuartcr
It’s fallen by more than 1/2 a penny! Oh Noez!
5
posted on
06/03/2010 7:52:04 AM PDT
by
wbill
To: stuartcr
negative lateral slope pressure asymptotic
6
posted on
06/03/2010 7:52:17 AM PDT
by
cornelis
To: cornelis
Ahh, the ole NLSPA...I shoulda known, thanks.
7
posted on
06/03/2010 7:53:52 AM PDT
by
stuartcr
(Everything happens as God wants it to...otherwise, things would be different)
To: blam
“reverse vertical”..........Izzat like “down”?.................
8
posted on
06/03/2010 7:55:06 AM PDT
by
Red Badger
(There can be a fine line between having a vision and having a hallucination........)
To: cornelis
You don’t want to be in an aircraft when that happens...............
9
posted on
06/03/2010 7:56:50 AM PDT
by
Red Badger
(There can be a fine line between having a vision and having a hallucination........)
To: stuartcr
If my aircraft went “reverse vertical” I’d start praying very loudly.............
10
posted on
06/03/2010 7:57:49 AM PDT
by
Red Badger
(There can be a fine line between having a vision and having a hallucination........)
To: blam
The euro did what? In english please.
11
posted on
06/03/2010 7:58:29 AM PDT
by
saganite
(What happens to taglines? Is there a termination date?)
To: saganite
Wall Street Trims Gains After DataNEW YORK (Reuters) - U.S. stocks trimmed gains slightly on Thursday after data showed factory orders rose less-than-expected in April, while the non-manufacturing sector grew in May.
[snip]
12
posted on
06/03/2010 8:02:43 AM PDT
by
blam
To: wbill
Pay attention. It is now over one cent down! (The sky is falling!)
13
posted on
06/03/2010 8:06:27 AM PDT
by
Blood of Tyrants
(The US will not die with a whimper. It will die with thundering applause from the left.)
To: saganite
It went down about a penny.
14
posted on
06/03/2010 8:07:18 AM PDT
by
Blood of Tyrants
(The US will not die with a whimper. It will die with thundering applause from the left.)
To: Blood of Tyrants
isn’t this where the gambling vanity blog comes out and says intertrade (or whatever) is say ron paul futures are beating the euro futures in the upcomming election?
15
posted on
06/03/2010 8:11:53 AM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: DM1
but since global warming is George Bush’s fault, it is by default all George Bush’s fault...
16
posted on
06/03/2010 8:21:40 AM PDT
by
stefanbatory
(Weed out the RINOs! Sign the pledge. conservativepledge.org)
To: saganite
The euro did what? It hit an inflection point with a d2x2 of minus infinity
I'm sorry, I just don't know how to put it any more simply than that :0)
To: Blood of Tyrants
A penny up or down in a currency can represent billions of dollars in the currnecy markets and global trade.
18
posted on
06/03/2010 9:29:16 AM PDT
by
wildbill
(You're just jealous because the Voices talk only to me.)
To: stefanbatory
19
posted on
06/03/2010 9:41:33 AM PDT
by
DM1
To: blam
Thanks for the callout.
I checked out the EURCHF currency pair and, sure enough, the EUR was way down. I checked the EURGBP and, although it wasn’t nearly as pronounced, it appeared to be in a downward trend as well.
Based on the theory that the EURGBP was lagging, I opened a small short position (0.02 lots)... It’s still open, and I’m sitting $5 to the good.
20
posted on
06/03/2010 11:16:09 AM PDT
by
Egon
(The difference between Theory and Practice: In Theory, there is no difference.)
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