What the **** is going on with Currencies?! [NotSoBreakingPrice]

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User Info	What the **** is going on with Currencies?! in forum [NotSoBreakingPrice]
Genesis Posts: 85633 Incept: 2007-06-26 Chief Bottle Washer	Euro and Pound against the YEN getting DESTROYED. YEN skyrocketing (weaker) /ZN moving higher as well - materially so. Something just went boom folks - but WHERE? ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me 2009-02-16 19:18:34 Permalink
Antone Posts: 4589 Incept: 2008-02-03 Death and Destruction to all, and to all, a good night.	Holy ***, Euro is getting crushed against Dollar! GBP is picking up to the downside too! ---------- Wir sind gefickt. I do not provide investing advice. 2009-02-16 19:20:08 Permalink*
Telenetworxx Posts: 2551 Incept: 2007-12-26	If you're asking me we're in a lot of trouble. ---------- This is why I don't post here anymore... 2009-02-16 19:20:11 Permalink
Genesis Posts: 85633 Incept: 2007-06-26 Chief Bottle Washer	That was not a small boom and it was NOT localized. It NAILED the Yen/Dollar cross (dollar STRONGER) It looks like the ENTIRETY of Europe just blew chunks. All of it - UK included. What the **?! ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE** to borrow." - Me 2009-02-16 19:21:09 Permalink
Pika-steph Posts: 44034 Incept: 2007-09-11 ^Why I keep^ fighting; so he is not fighting for nothing.	Sheeeiiit. You beat me to it, Gen! I was busy trying to figure out my tax assessment and my TOS screens were moving so violently, they caught my eye from half-way across the room. That's some ugly ** right there. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org** "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." 2009-02-16 19:21:10 Permalink
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Schwantz Posts: 5438 Incept: 2007-11-12 I am the wolfpack	Is it because the Ireland speculation is making its way around the MSM? I don't see anything else... http://www.marketwatch.com/news/story/Ir.... ---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy! 2009-02-16 19:22:21 Permalink
Genesis Posts: 85633 Incept: 2007-06-26 Chief Bottle Washer	I don't see ANYTHING on the wires correlated to this, and it just happened out of nowhere within the last 15 minutes. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me 2009-02-16 19:22:54 Permalink
Pika-steph Posts: 44034 Incept: 2007-09-11 ^Why I keep^ fighting; so he is not fighting for nothing.	Nah, it ain't Ireland. That news has been out for days....this is like somewhere. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." Last modified: 2009-02-16 19:25:08 by pika-steph 2009-02-16 19:24:49 Permalink
Downside Posts: 1424 Incept: 2007-12-16 San Francisco Bay Area	Interesting to see the Yen and Euro go down simultaneously. Usually it's Yen up / Euro down. ---------- �Sometimes a concept is baffling not because it is profound but because it's wrong.� - Edward O. Wilson "If you do as everyone else does don't be surprised when you get what everyone else gets" "After home prices go down to one-tenth of the highest price homeowners paid, then buy." - Sir John Templeton< 2009-02-16 19:25:07 Permalink
Antone Posts: 4589 Incept: 2008-02-03 Death and Destruction to all, and to all, a good night.	There was also a volume spike on /DX (670 contracts on 1 min bar) that you normally only see during market hours. ---------- Wir sind gefickt. I do not provide investing advice. Last modified: 2009-02-16 19:26:48 by antonej28 2009-02-16 19:25:27 Permalink
Pika-steph Posts: 44034 Incept: 2007-09-11 ^Why I keep^ fighting; so he is not fighting for nothing.	Absolutely every currency in the world is devaluing, except Bucky. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." Last modified: 2009-02-16 19:26:07 by pika-steph 2009-02-16 19:25:36 Permalink
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Schwantz Posts: 5438 Incept: 2007-11-12 I am the wolfpack	I've got nothing on the wires either...I still think it might have something to do with Ireland though...just a gut feeling. ---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy! 2009-02-16 19:27:02 Permalink
Genesis Posts: 85633 Incept: 2007-06-26 Chief Bottle Washer	Whatever it is, someone wants dollars NOW. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me 2009-02-16 19:27:31 Permalink
Boshaugh Posts: 1904 Incept: 2008-08-08 Northern Virginia/DC Metro Area	shouldnt the USD/JPY spike be positive for the /ES? 2009-02-16 19:27:53 Permalink
Pika-steph Posts: 44034 Incept: 2007-09-11 ^Why I keep^ fighting; so he is not fighting for nothing.	It even hit the most obscure of currencies..... is a 'zloty' anyway. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." 2009-02-16 19:28:12 Permalink
Icecastle Posts: 692 Incept: 2008-10-15	Sir: Could it be the Mauldin discussion of European banks having an estimated write-down of $25 trillion? ---------- Mala tempora currunt. 2009-02-16 19:28:30 Permalink
Patentleathershoes Posts: 8330 Incept: 2007-09-13 On the Daisy Chain	That's what you said would happen Gen. 2009-02-16 19:29:07 Permalink
Pika-steph Posts: 44034 Incept: 2007-09-11 ^Why I keep^ fighting; so he is not fighting for nothing.	Naw. This is something massive that just got hit with instant liquidation. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." 2009-02-16 19:29:22 Permalink
Schwantz Posts: 5438 Incept: 2007-11-12 I am the wolfpack	zloty is poland ---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy! 2009-02-16 19:29:27 Permalink
Tf_protege Posts: 1574 Incept: 2008-04-17 Moonbat Cowboy	Well, I guess this conincides with the Gen's old saying, "The US is Eff'd, but the rest of the world is Eff'd more" 2009-02-16 19:30:02 Permalink
Antone Posts: 4589 Incept: 2008-02-03 Death and Destruction to all, and to all, a good night.	Boshaugh, if the Yen carry trade were on, yes. But that's certainly not the case here. /ES got smoked on that move. ---------- Wir sind gefickt. I do not provide investing advice. 2009-02-16 19:30:09 Permalink
Pika-steph Posts: 44034 Incept: 2007-09-11 ^Why I keep^ fighting; so he is not fighting for nothing.	Ah, thanks, Schwantz. DAMMIT - I had decided on Friday, I was going to short GBP and EUR. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." Last modified: 2009-02-16 19:31:38 by pika-steph 2009-02-16 19:30:09 Permalink
Junkyard Posts: 5559 Incept: 2007-11-06 NZ: land of the damned	KD is correct. Somebody wants the dollar desperately. It's just that we don't know who. Strange that it's happening during the Asian cycle. Normally I'd expect the Europeans to want it, like, Real Bad(tm) Korea? Singapore? ---------- It's the people in power having to admit that they know ... But you don't say it... It's a conglomarate. If one of them betrays the principles of the accrual of money and power, the others betray him. 2009-02-16 19:31:02 Permalink
Murf Posts: 3905 Incept: 2007-08-28 surfing the continental clash	Even the French are admitting their banks are ***. Will try to find a link for a story they ran on CNBCWorld. ---------- every dollar of government debt is a promise to tax the private sector in the future with interest Al Qaeda=Goat Herders 2009-02-16 19:31:12 Permalink*
Event_horizon Posts: 2130 Incept: 2007-07-23	I saw a piece on BB a little while ago about France considering bailing out some of their banks. Didn't sound like a big deal though. 2009-02-16 19:31:15 Permalink

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