DislikedListen, maybe I'm misunderstanding what you meant here and if I am I apologize... with that said, not trying to be a dic but there's so much bull when it comes to this game it's getting really f-in annoying. I disagree with the statement. {quote} bull... bull... bull... Many had this pegged even amateurs like myself... {image} and then..... {image} over and out......Ignored
Bank traders had an incentive to move price up Friday through thin markets, nullifying barrier options: Eur/Usd 1.3850, Gbp/Usd 1.6500, & Usd/Chf 0.8800.
From IFR Markets:
QuoteDislikedThe overnight driver was a surge in EUR/USD that saw 1.3894 paid just before NYC opened. USD/CHF plunged faster than EUR/USD rose due to poor liquidity in USD/CHF. No real explanations provided but the excuse was the Fed's mini-taper left vulnerable EUR/USD shorts that had to be squared ahead of year end (today's spot date Dec 31) Markets are choppy & will remain so through year-end & liquidity key.
QuoteDislikedGBP/USD Option interest at 1.6450 & 1.6500 melted away as the execution of barrier options lead to the triggering of stops. The pound continued to rally, in thin holiday markets to a high of 1.6577 before reversing to 1.6475 by days end.
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