Hi everyone!
I have a question regarding th strange price action today on the Eurodollar. Almost till 16 London time, the bear have been in control. However, in less that 15 minutes, the price shot up by 60 pips, and then went back down afterwards… However, this does not correspond to the publication or any economic figure! But it perfectly coincide with the FX flashing in London, if what I read on the internet is correct.
How come? Would that mean that the market is manipulated? Does it happen often? Would you enter the market on such moves at this hour?
I know that this happen relatively often on the equity market. So I am just wondering if you think this is the case here, or if I missed something!
Cheers!