big 10(ish) point move in just a few minutes on ES probably due to power to Japanese plants. USD/JPY is on a tare too.. very peculiar
Agreed Japanese stocks jump as G-7 reportedly approves forex intervention http://www.marketwatch.com/story/ja...pike-on-g-7-forex-plan-2011-03-17?siteid=bnbh
My questions is why would BOJ intervention be ES positive, especially on the back of dollar strength. Was it off pop on the 225? I am missing the connection here... Especially on the back of no Fly and oil spike..
From the News: The U.N. Security Council, by a vote of 10-0 with 5 abstentions, authorizes a no-fly zone and "all necessary measures" to protect civilians in Libya. Military strikes are expected within hours. April crude pops another $1 to $102.77/barrel.
More money printing means ever higher commodities and prices paid, so sorry you wages can't keep up. Oil 120 by May, count on it. Banana Ben says no inflation. Banana Ben says nuclear meltdown contained.