AUTOREFRESH 
EUR/USD sell-off accelerates (blimey my spelling just gets worse)
By Gerry Davies || July 27, 2010 at 07:51 GMT
|| 12 comments || Add comment
We’re down at 1.2973. Euro bulls in retreat having run into a veritable cornucopia of sovereign selling interest.
Earlier this morning heard talk of buy orders down at 1.2950/70 with stops below there. Will they be enough to hold the line. We’re about to find out.
Germany’s SAP aquisition of Sybase worth 5.8 bio USD in cash
causing Euro sell off into Europe ???
anyone?
doubt its something China or SNB are interested in, but it could add to it, SNB are likely to be dumping euros they have accumalated while intervening in eurchf, and China not sure maybe protecting options, or simply trying to keep the Euro stable, rushing up is probabily no better then rushing down.
yer i heard that too Chris. i mentioned it to well informed guy. won’t repeat what he said.
who is on the bib at 80′
actually he said if he got a penny for every piece of info he got like that he’d have quite a few pence, he wasn’t impressed
i’d hazard a guess asian sovereign was either bank of korea of mas (monetary authority of singapore) both apparently having bought dollars vs their own currencies overnight which they’d want to diversify out of, at least partly)
but your commentary gets better,,,,,,,,,,,,,,,,,,,,,
its all about sifting through the raft of stuff you get. taking the stuff you feel is correct and, relevant and disgarding the…….let’s say…..crap
but your commentary gets better…….i didn’t think you could improve on perfection
Cheers Gerry
just my opinion Chris. well and someone elses. but hey, heads up very very much appreciated. if you hear ANYTHING please pass on along.