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March Eurodollar fell out of bed today after the Chicago Fed's announcement
that the US are (duh) in a recession. I can't see any obvious support
levels with stops hiding underneath that got hit on the way down which
would explain the speed of the move.
I would have expected "Fed says it's a recession" leading to expectations
of lower interest rates and as a result a higher, not lower price for the
nearby Eurodollar.
Is this an exploitable anomaly or am I missing something ?
Regards,
Stefan Schulz
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