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The market mover today was the services index over 50 = growth in
services sector. The ED out months are much more meaningful than
march right now, the moves are bigger too. :-)
chris
--- In realtraders@xxxx, "qwerasdf12345" <prog1@xxxx> wrote:
> 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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