GU:
The BBs pumped it up into the release to load up (close longs/open shorts). Now, the release/excuse has played out, and back down she goes with an extra thrust of selloffs.
All neatly planned in advance and executed as planned. There is no regard here for the true relative values of the currencies involved. That is not why price moves in this manner. This is price manipulation, pure, simple, and well conducted by those with the money to carry it off. And all for only one reason, because they could profit handsomely by doing so.
Ok, now 2-4 hours to go to the USD releases. Likely the BBs will hold up the price, take advantage of the higher ground they now have, to build short positions,.....and get rid of any longs they are having trouble unloading. Then too, the US BBs might pop it a bit for themselves to close longs and acquire prime shorts before the market, as a whole, returns to the downside.
WARNING: Speculative.
The BBs pumped it up into the release to load up (close longs/open shorts). Now, the release/excuse has played out, and back down she goes with an extra thrust of selloffs.
All neatly planned in advance and executed as planned. There is no regard here for the true relative values of the currencies involved. That is not why price moves in this manner. This is price manipulation, pure, simple, and well conducted by those with the money to carry it off. And all for only one reason, because they could profit handsomely by doing so.
Ok, now 2-4 hours to go to the USD releases. Likely the BBs will hold up the price, take advantage of the higher ground they now have, to build short positions,.....and get rid of any longs they are having trouble unloading. Then too, the US BBs might pop it a bit for themselves to close longs and acquire prime shorts before the market, as a whole, returns to the downside.
WARNING: Speculative.
Attached Image (click to enlarge)
