Or It Was A Trading (Computer) Error?
Bloomberg story: NYSE Euronext Says There Were ’A Number of Erroneous Trades’
Archive for May 6th, 2010
Carry Trade Unwinding
Ugly looking candle today. Looks the reason is EUR/JPY carry trade unwind, probably as a result of European debt problems. Chart 1. S&P 500 Chart 2. Euro vs. Japanese Yen
Initial Jobless Claims Down 11.000
Initial jobless claims were reported at 444.000. The consensus was at 445.000, last week reading was at 448.000. Chart 1. U.S. Initial Jobless Claims