headline on bloomberg.com: german business confidence falls more than forecast. that might have something to do with it.
You mean the ZEW indicator? That was released on 10:00 CET or 4:00 am EST. My Guess: someone used the opportunity to test the stop losses of the shorts. Regards Bernd Kuerbs
Big stop at 34 (where two lots traded) triggering other stops (a total of 45,000 I think) Basically large stops on the 100% retracement (I think, def a level of some sort) triggering more stops exacerbated by thin volumes (Thanksgiving). The IFO fig had nothing to do with it... in fact the move up off weak IFO in the morning was totally over the top for some reason (and retraced significantly back down to 120.16). Was actually long, but only dicking around with small size and didn't take it off anywhere near the top ( !
What do people look at when determining in and out points when trading the Bund? I was told the US 10 yr., but there must be other indicators? Any suggestions are welcome. Thanks