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[RT] Re: Interest rates and recession



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my charts say edh2 was down 5-6 before 10 et, lost another 10 on the 
report

cc

--- In realtraders@xxxx, "qwerasdf12345" <prog1@xxxx> wrote:
> 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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