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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Shane
Lahore, Pakistan
Posts: 209
15 years ago
May 6, 2010 22:57
NEW YORK -- There were no erroneous trades on shares of Procter & Gamble or in any other shares at the New York Stock Exchange on Thursday, said Eric Ryan, a spokesman for the exchange. A massive selloff of stocks on Thursday afternoon saw the Dow Jones Industrial Average plunge nearly 1,000 points triggering the NYSE's circuit breakers. During that time, P&G shares were seen sliding on trading screens by more than 60% to trade as low as $39.37. The NYSE says they only traded as low as $56. A number of other erroneous trades were reported, including in shares of Accenture and Apple . According to media reports, the Nasdaq stock exchange, where electronic trade takes place, was looking into the trades. The heads of the Securities and Exchange Commission convened the heads of both the NYSE and the Nasdaq to discuss some trades and whether they should be honored.
14raj
Kolkata, India
Posts: 210
15 years ago
May 6, 2010 22:23
Ashraf,
Just now I booked my USDCAD long which I initiated at 1.0112 even booked my short Euro position initiated near 1.3320 at 1.2648( I mentioned these positions last month April). Ashraf, just now I took some long positions in EURUSD at 1.2650 and long one crude at $76.80(NYMEX current).Is it too early to go long?
Regards,
Rajib.
speculator
Posted Anonymously
15 years ago
May 6, 2010 22:18
trader error haha. seems like a black monday scenario again
lucky
Nigeria
Posted Anonymously
15 years ago
May 6, 2010 22:07
please comment on gold please
lucky
ibadan, Nigeria
Posts: 377
15 years ago
May 6, 2010 21:59
do opposite your thought dont follow there trend they are deceiving every body when gold was 1050 euro was 150 thats 700 euro per ounce now 1 ounce in euro term 960 euro these the time to eat the fruit be carefull from a gold pullback ecb we sell gold to find liquidity these my opinion i hope from people to correct me if i am wrong
Stationdealer
London, UK
Posts: 715
15 years ago
May 6, 2010 21:52
all i can say this no algo error
this was manufactured again
Its perfect opportunity for people with conspiratorial views and opinion to come out put all us professionals to shame and like rub it in our faces, saying told you so!

iv'e come to the conclusion that there just too many bastards in the world
Stationdealer
London, UK
Posts: 715
15 years ago
May 6, 2010 21:47
this is caused due banks pulling out investors on mostly their discretion that causes a snow ball effect every time it happens
lucky
ibadan, Nigeria
Posts: 377
15 years ago
May 6, 2010 21:46
euro will correct higher before resuming your target 120
speculator
Posted Anonymously
15 years ago
May 6, 2010 21:44
its called financial contagion..nobody wants to lose money when panic and fear is looming. Sell orders FLOOD IN!! This correction may be the mother of all since march 2009. sub 1.30 was well and truely broken and we are heading for 1.20 by june!!
Stationdealer
London, UK
Posts: 715
15 years ago
May 6, 2010 21:42
ECB leaves rates unchanged, introduces no measures to improve liquidity, market function. Did not discuss buying bonds, Trichet says.
S&P affirms Italian debt rating, quelling rumors of downgrade
Merkel: Market is exaggerating tensions, speculators are our adversaries
Greece passes austerity law; rioting resumes
Merkel: IMF had to act on Greece because Europe could not act alone
German cuts tax revenue estimates, Italy cuts growth outlook
Feds Bernanke: US economy continues to strengthen
US jobless claims fall to 444,000 from 448,000
Trading error in S&P 500 rumored to have sparked nearly 8% US equity slide intraday
Ive seen quite a few market panics in my nearly 25 years in the market but today was definitely one of the top ten and maybe one of the top five Oct 1987. Black Tuesday 1992, and the days after the Lehman collapse might rival today, but few top it
Markets were already under extremely intense pressure at mid-afternoon in New York with more rioting in Athens flashing across traders screen when US equities went into an epic freefall, never before seen in terms of the speed of the move, in my experience. The Down fell almost 1000 points intraday, the S&P 500 fell more than 100 points and all the other markets came completely unglued. Credit began to freeze like it did in 2007 through early 2009 and the market -making function almost seized.
It would not surprise me at all to hear of central banks intervening in markets tomorrow, not to change the markets direction so much as to try and lower volatility.
EUR/USD fell as low 1.2510, coming perilously close to triggering what is rumored to be a massive 1.25/1.35 DNT
Expect markets to be razor thin on Friday with banks conserving capital and speculators spooked by a spike volatility. Non-farm payrolls are small potatoes compared to what weve seen today and will be an asterisk, in the schedule.
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