Carry Trade Implosion Precipitates Robotic Selling Into Close As 1,055 ES Level Breached
Mon, Feb 8, 2010
Attempts by carry traders to redeem some P&L after a month of agony crashed and burned promptly, accelerating into the close as the Yen funding unwind killed not just the carry pairs but broader equities. Of particular note is the hurt experienced by AUD longs funded with either USD or JPY.
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Carry Trade Implosion Precipitates Robotic Selling Into Close As 1,055 ES Level Breached
Tags: bury-the-dow, carry-pairs, carry-traders, its-various, longs-funded, losses-on-its, market-looks, particular-note, robotic-selling
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