sp'60min
Summary
*I probably should refrain from adding colourful arrows on my charts.. but hey.. its my best guess.
--
The last hour of what has been a pretty exciting week, not least with the SNB causing all sorts of havoc.
A number of FX brokers are having serious issues... not least FXCM. Here in the UK, Alpari have imploded... see HERE. Looks like West Ham United are going to need a new primary sponsor, lol
--
Seriously though... I look at the Swiss move as a pre-cursor to all sorts of 'system' trouble across the next few years.
Notable strength: copper miners, FCX and TCK both higher by 4%
-
3.12pm... Leucadia funds FXCM with 300 million... .for $250 mill of 2yr bonds....... with a further claim to 75% of the company if its sold off...
What a mess!
Market wants to sell lower into the close... sp'2008 , VIX set to close higher.
3.37pm.. Well.. so much for the sell down... sp'2012.... next zone 2015/19...
In any case.. still viable downside next Tue/Wed....
3.40pm.. short-stops getting hit hard now... sp'2015