Wednesday, July 13, 2011

Quick Updates in the Morning

  1. Another wild day in late NY and early Asia. Increasingly looks like markets are being highly manipulated.
  2. Moody's threatens to downgrade USA and this news came at when market has low volumes, which makes it easy for manipulation.
  3. USDJPY and USDCHF fell like a rock but have recovered somewhat.
  4. EURUSD went through the roof and ended up at a high of around 1.4280. Looks quite toppy to me.
  5. NZDUSD keeps going up and up and this causes AUDNZD to crash.
  6. EURGBP seems the only stable pair at this moment.
  7. Market stable for now but could turn violent. Stay out if you cant understand whats happening.