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MarketTicker Forums Read Message in NotSoBreakingPrice
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User Info Hey what is up with the Euro in forum [NotSoBreakingPrice]
Ishmael
Posts: 4724
Incept: 2008-02-25
Gold
Los Angeles to Oklahoma, at least temporarily for now!
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Any idea what caused that big move in the Euro at close to the end of the day. Was that the Swiss*****ing away some more Franc's attempting to support the Euro? Any ideas.

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Hope is neither a good strategy or birth control methodology!
Rrman
Posts: 6223
Incept: 2007-10-27
Green A True American Patriot!
Baton Rouge, LA
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Brazil intervened to buy the Real first time since October..rumor that other countries will also support Euro most shorts ever....won't take much short covering at that level...

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Asimov
Posts: 103848
Incept: 2007-08-26
Gold
East Tennessee Eastern Time
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Probably rumors out of the g8 meeting, but nobody really knows.

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Ishmael
Posts: 4724
Incept: 2008-02-25
Gold
Los Angeles to Oklahoma, at least temporarily for now!
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Thanks

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Hope is neither a good strategy or birth control methodology!
1lumpor2
Posts: 2649
Incept: 2011-05-01
Green

Banned
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Nothing goes straight up or straight down, even if something is over priced it can still be over sold. I learned that the hard way.

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-- Done
Rvacha
Posts: 8295
Incept: 2008-10-03
Gold
Cleveland
Online
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I sorta thought it was due to the false rumor that Merkel had suggested that the Greeks add a Euro referendum to the June vote even if the timing was somewhat delayed. I don't think it was a G8 saves the world rumor since, well, saving the world would have made a lot of things rocket, not just the Euro

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"I suggest you panic." - Hugh Hendry
Widgeon
Posts: 13481
Incept: 2007-08-30
Green
Region formerly known as the United States
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Theedge111
Posts: 6802
Incept: 2007-08-07
Green
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Read Bruce Krastings post on ZH about a two tiered Euro. Scary scenario if u are short the Euro

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P.J. O'Rourke, writing in "Eat The Rich" (1998), observed that: "Economics is an entire scientific discipline of not knowing what you're talking about." The only quibble may be with the "scientific" part.
Preidt2
Posts: 552
Incept: 2009-07-31
Green
spokane/wash
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yes sir believe the benny lie more debt will mak all well........til see the tax increases....peasant

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Puppets Under Destruction
Mayorquimby
Posts: 13907
Incept: 2008-09-18
Green
The Archaic Past
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Edge- do you have a link?

I was thinking of late that they might keep the Euro for business and trading and use local currencies and conversions for day to day transactions. Just a thought,

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They who wish to hurt you, work within the law.
- Morrissey

Gold is theft.
Schwantz
Posts: 5815
Incept: 2007-11-12
Green
Toronto
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Mayor that's probably how it will be reintroduced

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When the system is corrupt absolutely you must seek representation by those who are absolutely incorruptible.
Event_horizon
Posts: 2979
Incept: 2007-07-23
Gold A True American Patriot!
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