This is irressistable and an ironic reflection of the last pre-draghi post-draghi conference (
here) where he would do ‘whatever it takes to save the Euro’.
“My remarks in London Weren’t Misinterpreted”. Really?
+ 0.47% -> -0.27% Gold Futures (GC) still holding over 1600 ($1602.60)
and falls under $1600 – 0.07% -> – 0.37% Oil Futures(CL)
+ 0.28% -> – 1.83% S&P Futures (ES)
+ 0.29% -> – 0.97% CAC40
-> + 0.11% – 2.18% FTSE
+ 0.37% -> – 0.84% Asia: (NKD)
– 0.29% -> – 1.50% Corn Futures (ZC)
– 0.22% -> – 1.37%
From Green to Red…
That includes me!
It was a 1, 2, 3 punch of good news this morning.
China lowering bank reserve requirements.
Central Banks lower dollar swap rates hoping to bolster liquidity. ADP employment: comes in at 206,000 vs. 103,000 expected.
You don’t see this parabolic action often, with $ES_F futures up over 3% before the open, and the CAC40 up over 4%. For those that like Fibonacci, we’ve taken out 61/50/38% over the last 3 hours. Not bad if you were long at the close yesterday.
The ominous headlines this morning:
2 Million public workers strike in the UK UK embassy evacuated in Tehran
UK expels Iranian Diplomats (France, Germany and Norway recall their diplomats for consultation) Hmm…
Syria towards civil war
This entry was posted in
Thoughts and tagged CAC40 Futures, Central Banks, Dollar Swap Rates, Fibonacci, France, Germany, Iran, Norway, Ominous Headlines, S&P 500 Futures, S&P 500 Futures (ES), Syria, UK Strike on . November 30, 2011