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Another Blatant EUR Intervention Leads To 150 pip EURUSD Move In Seconds

Posted By admin On June 1, 2010 @ 9:19 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Tuesday, June 1, 2010

With all the grace of a drunk Keynesian at an Austrian economists meeting, the Central Banks once again kill the EUR shorts and intervene to prop it up, for a ridiculous 250 pips intraday move.

And thanks to Germany’s Economics Minister Rainer Bruderle [2], we now know that the Fed is actively manipulating the FX pairs.

Thank you Ben Bernanke for making sure that Atari has some confidence left in the manipulated market, as no humans are left any more.


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/another-blatant-eur-intervention-leads-150-pip-eurusd-move-seconds

[2] Germany’s Economics Minister Rainer Bruderle: http://www.zerohedge.com/article/german-economics-minister-confirms-fed-manipulates-fx-market

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