EURO Manipulation - Call the cops | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Broker's Feed Manipulation??? 54 replies

Broker Price Manipulation? 35 replies

bad luck or manipulation ? 48 replies

Dow manipulation on Friday? 2 replies

Charting Software with Time Zone Manipulation ? 4 replies

EURO Manipulation - Call the cops

  • #1
  • First Post: Feb 2, 2007 8:42am Feb 2, 2007 8:42am
This is the kind of thing someone should go to jail for. Don't you find it interesting that just as the Euro was about to make a possible breakout to the topside that this would hit the wires. Talk about manipulation. I would love to know who makes the decisions to release this. What timing.... just around 9:30 EST I believe. Give me a break . Someone call the cops.


Boston, February 2. EUR/USD remains
on the defensive in the wake of an article from Market News International
quoting ECB sources as suggesting a significant pause could play-out after one
more hike from the ECB in either March or April at the latest. This would knock
one peg out from under the Euro stool, the idea that interest rate differentials
are set to narrow further. Spreads are widening on the report, favoring the USD
by 109 bp in the 2-year maturity, out from 106 before the data.
EUR/USD trades at 1.2982 after a brief run to 1.3065 after the weak NFP
headline.
  • #2
  • Feb 2, 2007 8:48am Feb 2, 2007 8:48am
Maybe the ECB don't want the Euro going too high so they leaked that. I can't see the problem.
  • #3
  • Feb 2, 2007 9:35am Feb 2, 2007 9:35am
Quoting DownRiverTrader
This is the kind of thing someone should go to jail for. Don't you find it interesting that just as the Euro was about to make a possible breakout to the topside that this would hit the wires. Talk about manipulation. I would love to know who makes the decisions to release this. What timing.... just around 9:30 EST I believe. Give me a break . Someone call the cops.


Boston, February 2. EUR/USD remains
on the defensive in the wake of an article from Market News International
quoting ECB sources as suggesting a significant pause could play-out after one
more hike from the ECB in either March or April at the latest. This would knock
one peg out from under the Euro stool, the idea that interest rate differentials
are set to narrow further. Spreads are widening on the report, favoring the USD
by 109 bp in the 2-year maturity, out from 106 before the data.
EUR/USD trades at 1.2982 after a brief run to 1.3065 after the weak NFP
headline.
I have the police on the phone now.......they said stop worrying about fundamentals.
  • #4
  • Feb 2, 2007 9:50am Feb 2, 2007 9:50am
Quoting hidethereal
I have the police on the phone now.......they said stop worrying about fundamentals.
That's because you called the wrong devision. You wanted the fundacide department. LOL
  • #5
  • Feb 2, 2007 9:56am Feb 2, 2007 9:56am
Quoting smjones
That's because you called the wrong devision. You wanted the fundacide department. LOL
hahaha
  • #6
  • Feb 2, 2007 10:05am Feb 2, 2007 10:05am
I used the opportunity to load up on more EUR, JPY and GBP.

See you at the top.

DRT
  • #7
  • Feb 2, 2007 10:11am Feb 2, 2007 10:11am
Quoting DownRiverTrader
I used the opportunity to load up on more EUR, JPY and GBP.

See you at the top.

DRT
Congrats...
  • #8
  • Feb 2, 2007 11:50am Feb 2, 2007 11:50am
Quoting DownRiverTrader
I used the opportunity to load up on more EUR, JPY and GBP.

See you at the top.

DRT
Are you sure we won't burn at the bottom?
Try hard, think fast, die young
  • #9
  • Feb 2, 2007 12:20pm Feb 2, 2007 12:20pm
DRT: The cops leaked the report! I think there was a news piece that was artfully timed at 8:30 AM last NFP too now that I think of it!

By the way nice to see you here on the boards. I hope you post a journal! Hope all is well with you!
  • #10
  • Feb 2, 2007 12:24pm Feb 2, 2007 12:24pm
Its dubious, to say the least.
Had an offday and only looked at NFP and sentiment briefly. Eur shot up and I closed my system, being quite at ease about my longs into gold. Subsequently, the shock was quite terrible upon my return...

Thats the sort of news that poisons the markets, it reeks...

just my .02

Matt
  • #11
  • Feb 3, 2007 7:40am Feb 3, 2007 7:40am
There were likely a lot of bad longs selling on that spike up to get out. Remain patient....maybe we will test this area again soon.

DRT
  • #12
  • Feb 3, 2007 7:52am Feb 3, 2007 7:52am
Quoting DownRiverTrader
There were likely a lot of bad longs selling on that spike up to get out. Remain patient....maybe we will test this area again soon.

DRT
Referring to fx or to the gold market?

Matt
  • #13
  • Last Post: Feb 4, 2007 8:33am Feb 4, 2007 8:33am
I was referring to FX

Quoting Lily
Referring to fx or to the gold market?

Matt
0 traders viewing now