[RT] Interest rates and recession

["qwerasdf12345" <prog1@xxxxxxxxxxxxxx>]

March Eurodollar fell out of bed today after the Chicago Fed's 
announcement that the US are (duh) in a recession.  I can't see any 
obvious support levels with stops hiding underneath that got hit on 
the way down which would explain the speed of the move.

I would have expected "Fed says it's a recession" leading to 
expectations of lower interest rates and as a result a higher, not 
lower price for the nearby Eurodollar.

Is this an exploitable anomaly or am I missing something ?

Regards,
Stefan Schulz



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