Futures Turn Negative, EUR Back To Pre-Summit Levels Following Global Easefest

Submitted by Tyler Durden on 07/05/2012 08:07 -0400

• Central Banks
• Germany

In continuing the quantum physics scramble of the past 48 hours in the aftermath of the potential Higgs Boson discovery which confirms mass exists (and will soon be blamed for America's obesity epidemic) we ask if three of the world's largest central banks eased and futures turned red, did three of the world's largest central banks actually ease? Because if today is any indication, either all the EURUSD-ES algos are being furiously shut down right now to prevent risk from being dragged far lower, or we have reached peak central planner intervention. In other news, the entire EURUSD ramp since last week's summit is now gone, which incidentally is just what Germany always wanted.
EURUSD tumbles:

to retrace 100% of the EU Summit gains...

and S&P 500 futures are up a measly 1pt...