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EURUSD Surges By 200 Pips (To China's Delight) On Trichet Comments That Inflation Cracks Starting To Appear

 
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01/13/2011 10:28 AM
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EURUSD Surges By 200 Pips (To China's Delight) On Trichet Comments That Inflation Cracks Starting To Appear
EURUSD Surges By 200 Pips (To China's Delight) On Trichet Comments That Inflation Cracks Starting To Appear

Submitted by Tyler Durden on 01/13/2011 08:58 -0500

Those looking for vol in stocks really should shut down their E-Trade account and get some forex terminal. As we have been stating for well over 6 months now, with the Fed artificially ramping stocks, and making stock vol extinct, daytraders continue to be forced to find other avenues to day trade volatility. And the FX is just that market. The EURUSD has just done its daily 200 pip song and dance, putting yet another several hundred Japanese housewives using 50x leverage underwater by 10 times their capital amount. But at least China is happy. Oh and yes, with $4 trillion in FX turnover per day in 2010, this kind of mindblowing volatility is sure to end well.

cont'd:

[link to www.zerohedge.com]

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