Article Image

IPFS News Link • Business/ Commerce

Hail, Hail, The PPT Is Here!

• fxstreet.com/analysis

The day had everything. And today's currency action seems to be picking up where yesterday left off! It's crazy out there folks, you had better go to the sidelines, and see where this all plays out. Well, that's where you're going to find me, so maybe while we're there, we can get a cup of coffee, and sit down and talk about the weather, the Cardinals, or the upcoming NFL season, anything to take our minds off these crazy, wild swings in the markets.

Whoa! What a rubber band snap we had in the currencies yesterday, namely the euro. I had told you early in the morning that the euro had pushed through the 1.15 level. But that was just the start. At that time the U.S. stock futures were down 350, but they soon moved to down 650, and the buying of euros just kept going, and soon the euro was trading around 1.1575, WOW! But that's not all folks! If you call right away, we'll include the new Wham-o knife that will cut through steel! HAHAHAHA!... No wait! What I wanted to tell you about was simply that the euro didn't stop there! The U.S. Stock market then opened up and immediately fell 300, 400, 500, 600, 700 and more points, and the panic buying of euros went through the roof.


ContentSafe