Euro Crash?

Discussion in 'Forex' started by polpolik, Sep 4, 2008.

  1. Futures closed, panic selling on the euro I suppose. Same thing with the yen, it went to 106.5 from 107.2 in 3 minutes.
     
    #11     Sep 4, 2008
  2. Fed Yellen, Bloomberg - 42 minutes ago: "``I assume with pretty high probability that the next move is up and I would be quite open minded in terms of exactly when that would occur,'' Yellen told reporters today after a speech in Salt Lake City."
     
    #12     Sep 4, 2008
  3. http://www.livecharts.co.uk/ForexCharts/eurusd.php

    its on 1min timeframe the drop is basically the cliff lol go to 10 min timeframe to see more put ur mouse on the chart click "options" and put 10min
     
    #13     Sep 4, 2008
  4. Man it's gonna be ugly for both commodities and the Equity market tomorrow unless something miraculous happens overnight.
     
    #14     Sep 4, 2008
  5. NFP tomorrow 8:30 EST
     
    #15     Sep 4, 2008
  6. Capitulation perhaps around the corner?
     
    #16     Sep 4, 2008
  7. what happens if the numbers are not as bad as predicted?

    seems like they are really looking for dog poop numbers...
     
    #17     Sep 4, 2008
  8. just21

    just21

    #18     Sep 4, 2008
  9. vix spiked 12% today to 24.03 another 1 or two points on that and you are in prime buying territory, heck even this the fact that it spiked 12% today in one singal day is something although i think it could possibly reach 25-26 because the volume on the SPY's today was almost 80 million over average of 260,000,000.

    The dollar strengthening imo is good commodities will continue to go lower which is bad for all the commodity related sectors but good for everyone that consumes them which is the other 75% of the market.

    Tmrw's numbers could surprise us (to the upside) and thats where i stand.
     
    #19     Sep 4, 2008
  10. good point, because the vix has never gone above 26...
     
    #20     Sep 4, 2008