Thread: news home sales
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Old 09-27-2007, 04:31 PM
omelette omelette is offline
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Quote:
Originally Posted by islandrock View Post
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??
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...
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