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Well that was fun…

By   || December 31, 2009 at 16:08 GMT
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The fixing has come and gone and there was some decent fireworks headed into the setting. EUR/USD fixed somewhere around 1.4347, I’d guess and is now lower, at 1.4337. USD/JPY made a new high for the move at 93.10 during the 16:00-16:01 fixing period…It trades still above 93.00, at 93.05.

Looks like there was an error in Chicago PMI with the employment index looking like the culprit. It was revised down to 47.5 from the 51.2 reported yesterday. The headline index was dragged down to 58.7 as a result.

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Category: All, Americas, Mkt Talk, Regions
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One Response to “Well that was fun…”

  1. Trading Nymph on December 31st, 2009 16:55 GMT

    Jamie, Total cool Fireworks…..I plot the Fibos off the SPX off the first minutes of trade and that daily fixing took the SPX down to almost it’s 685% level to the downside…now we are “attempting” our morning rally. We could have fallen probably a lot more but we had a very tight open and normally the 685% to the top or bottom is about it for a given day…….so we have a very tight leash today. But loved the fireworks.

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