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Point taken about th eout months, but what the NAPM numbers were late
out today - 1517GMT is when I saw them first. Nearby Eurodollar
started dropping 1501GMT, that's why I didn't understand what was
going on. Did you see the NAPM figures earlier ? (Read: Is my news
feed getting slow ? ;-)
--- In realtraders@xxxx, "chrischeatham" <nchrisc@xxxx> wrote:
>
> 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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