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Yep, so it did - I just got confirmation of the NAPM numbers being
out at 1501GMT from elsewhere as well. A market data vendor has been
shouted at ;-)
--- In realtraders@xxxx, "chrischeatham" <nchrisc@xxxx> wrote:
> 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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