Quote:
Originally Posted by islandrock
new home sales took a dive today. i positioned all USD pairs for the USD to drop, can someone tell me WHY the USD went UP instead of DOWN on the news? is the market being manipulated??
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From what I can see, the USD changed little but rest assured it will continue to slide - while at the same time US equities continue to reach all-time highs. The phrase, 'Robbing Peter to pay Paul' springs to mind - 'they' appear to be trying maintain the pretense of a strong and vibrant US economy...
So yes, I'd say manipulation is a fair description
btw, I posted a link to a Bloomberg video concering short-selling corruption and the SEC's apparent unwillingless to do anything about it, not too long ago. Very interesting I thought...