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Beta Surge On Hail Mary Hope SNB Will Rescue Euro... For A Few Hours
Presented with little comment as chatter about the EURCHF peg being adjusted spurred some stick-save buying in EUR as it approached the critical 1.3200 level, ES (and most of high beta risk) has spiked up as US equity's day session opened. ES is 18pts off pre-market lows - well ahead of broad risk assets though. Silver and Oil spiked considerably and Gold is shifting higher as the USD leaks off a little. Volume is not that low in ES for now but we would expect it to fade after this opening excitement as Financials are leading the way +1.3% - notably outperforming their credit spreads.
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- Nov 25, 2011 10:00am Nov 25, 2011 10:00am
- ibpo
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- Nov 25, 2011 10:17am Nov 25, 2011 10:17am
- Igrach
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- Nov 25, 2011 10:18am Nov 25, 2011 10:18am
- Aaryan
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- Nov 25, 2011 10:26am Nov 25, 2011 10:26am
- DragonFire
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There is always a price for promises you don't keep!
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- Nov 25, 2011 10:36am Nov 25, 2011 10:36am
- piptastic
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Anything can happen in FOREX. There's no 100% sure
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- Nov 25, 2011 10:41am Nov 25, 2011 10:41am
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