Recent "middle eastern name" rumors on recent EUR/USD sell off - NOV 10, 2010

The wires been hot with these rumors of "Middle Eastern Names" that go against the prevailing trends. Essentially Middle Eastern SWF (sovreign wealth funds). They seem to have amassed a great amount of trading talent over the years and have the clout to move markets if they wish too… they certainly have more than enough black gold supporting their greens (or whatever color their currency is) to move markets.

Other whispers or conspiracies (which may not be far from the truth) are that "mutli-market" expertise bankers (a.k.a goldman, citi… etc) "fall back on fron month crude and equity futures when they're having trouble pushing the EUR/USD around…"

Now about the rumors and conspiracies, I'm not to sure what to make of this… from a technical standpoint who cares… from a fundamental standpoint who cares (noise noise noise)… though from a sentiment standpoint I guess this has some merit worth discussing. And its always fun to make large institutions to being the bad guys. Especially in a the grey macro area in market manipulation possbilities….

Here is a link of an examlpe of what ive seen:

http://www.forexlive.com/144614/all/eurusd-recovering

also saw a few tweets about these "middle eastern names"…. its possible that social media is blowing this out of proportion and im just adding fuel to the fire but hey its just discussion…


This discussion does highlight what i've been saying the past month or so about how the EUR/USD volume is way above its historical trend. The pip ranges and the amount of actin we been seeing in the asian and eur/asian trading hours are rediculous… sometimes completely going against trends or consolidation periods…


So what do you guys think???

Snapman wrote:

The wires been hot with these rumors of "Middle Eastern Names" that go against the prevailing trends. Essentially Middle Eastern SWF (sovreign wealth funds). They seem to have amassed a great amount of trading talent over the years and have the clout to move markets if they wish too… they certainly have more than enough black gold supporting their greens (or whatever color their currency is) to move markets.

Other whispers or conspiracies (which may not be far from the truth) are that "mutli-market" expertise bankers (a.k.a goldman, citi… etc) "fall back on fron month crude and equity futures when they're having trouble pushing the EUR/USD around…"

Now about the rumors and conspiracies, I'm not to sure what to make of this… from a technical standpoint who cares… from a fundamental standpoint who cares (noise noise noise)… though from a sentiment standpoint I guess this has some merit worth discussing. And its always fun to make large institutions to being the bad guys. Especially in a the grey macro area in market manipulation possbilities….

Here is a link of an examlpe of what ive seen:

http://www.forexlive.com/144614/all/eurusd-recovering

also saw a few tweets about these "middle eastern names"…. its possible that social media is blowing this out of proportion and im just adding fuel to the fire but hey its just discussion…


This discussion does highlight what i've been saying the past month or so about how the EUR/USD volume is way above its historical trend. The pip ranges and the amount of actin we been seeing in the asian and eur/asian trading hours are rediculous… sometimes completely going against trends or consolidation periods…


So what do you guys think???

Its possible for sure. When you get caught with your pants down you pull them back up right...So I could see how an inflow of large orders in one direction or another coud trickle down and cause a change in direction.

Though, it is very difficult to put a reason on price moves and volatility. Essentially we spend our waking hours scaling reason to everything, and in our field of speculation we scale reason to price movements. More clearly, sometimes there is no logical reason to discern, change moves swiftly without explanation. Other times reason is hidden in plain sight. Henceforth, I will follow the Middle-eastern manipulation and trade accordingly