-
EUR Plunges In Thin Market, Below 1.3000
While it is unclear what just spooked the EURUSD, sending it lower by 70 pips in minutes, perhaps a better question is why the EURUSD is not thousands of pips lower to begin with. As a reminder every single large bank is pushing for a lower EURUSD on hopes that a EUR collapse will kill the market and send the ECB scurrying into printing money. The problem there is that the ECB just announced its balance sheet expanded to EUR 2.73 trillion, an expected increase of over EUR 200 billion in one week (since the LTRO), and a whopping EUR 800 billion in 6 months (that's $1.1 trillion... in six months)! As such, good luck ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 28, 2011 10:34am Dec 28, 2011 10:34am
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #2
- Quote
- Dec 28, 2011 10:37am Dec 28, 2011 10:37am
- kalastaja
- | Joined Dec 2011 | Status: Member | 40 Comments
- Comment #3
- Quote
- Dec 28, 2011 10:50am Dec 28, 2011 10:50am
- Guest
- | IP XXX.XXX.158.29
- Comment #4
- Quote
- Dec 28, 2011 10:50am Dec 28, 2011 10:50am
- bimalpandhi1
- | Joined Mar 2010 | Status: Member | 2 Comments
- Comment #5
- Quote
- Dec 28, 2011 11:10am Dec 28, 2011 11:10am
- Mosmoney
- | Joined Jun 2010 | Status: Member | 297 Comments
- Comment #6
- Quote
- Dec 28, 2011 11:17am Dec 28, 2011 11:17am
- clockwork71
- | Commercial Member | Joined May 2007 | 1172 Comments
- Comment #7
- Quote
- Dec 28, 2011 11:17am Dec 28, 2011 11:17am
- Scrat
- Joined Jan 2007 | Status: Member | 279 Comments
Nihil Sine Deo.
- Comment #8
- Quote
- Dec 28, 2011 11:59am Dec 28, 2011 11:59am
- robind
- | Joined Mar 2010 | Status: Junior Member | 1 Comment
- Comment #9
- Quote
- Dec 28, 2011 12:18pm Dec 28, 2011 12:18pm
- whitehed
- | Joined May 2011 | Status: Member | 25 Comments
- Comment #10
- Quote
- Dec 28, 2011 1:47pm Dec 28, 2011 1:47pm
- Forexgain
- Joined Oct 2011 | Status: Sleeping..... | 531 Comments
- Comment #11
- Quote
- Dec 28, 2011 6:32pm Dec 28, 2011 6:32pm
- Guest
- | IP XX.XXX.134.180
- Comment #12
- Quote
- Dec 28, 2011 6:34pm Dec 28, 2011 6:34pm
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #13
- Quote
- Dec 29, 2011 9:40am Dec 29, 2011 9:40am
- Guest
- | IP XX.XXX.34.145