Royal Wedding affect GBP? | Forex Factory

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Royal Wedding affect GBP?

  • #1
  • First Post: Apr 29, 2011 5:18am Apr 29, 2011 5:18am
Hello, may I know if Royal Wedding affects GBP pairs or other pairs?
  • #2
  • Apr 29, 2011 5:47am Apr 29, 2011 5:47am
Not until the bomb goes off
Time hides Nothing
  • #3
  • Apr 29, 2011 7:02am Apr 29, 2011 7:02am
Quoting klhh
Hello, may I know if Royal Wedding affects GBP pairs or other pairs?
no idea why it should
  • #4
  • Apr 29, 2011 7:30am Apr 29, 2011 7:30am
why would a wedding affects a currency? just wondering..
I am bored..
  • #5
  • Apr 29, 2011 7:41am Apr 29, 2011 7:41am
The Royal Wedding has affected the GBP. Its a bank holiday in the UK. Therefore, less trading volumes.
  • #6
  • Apr 29, 2011 7:53am Apr 29, 2011 7:53am
Quoting fxpilot
The Royal Wedding has affected the GBP. Its a bank holiday in the UK. Therefore, less trading volumes.
All I see is random directions across all gbp crosses. Can you please point me to why you think gbp was affected today? Maybe post some charts for me so I can grasp what you mean.
  • #7
  • Edited 8:17am Apr 29, 2011 8:05am | Edited 8:17am
I think the only real affect will be the kid will one day have his pic on the pound notes - i'll miss the grandma...
http://www.flickr.com/photos/2366321...9409/lightbox/http://us.123rf.com/400wm/400/400/ku...llar-bills.jpg
http://www.flickr.com/photos/2366321...9409/lightbox/
In trading, there is no bullshit. You either make money or you don't.
  • #8
  • Apr 29, 2011 8:33am Apr 29, 2011 8:33am
Quoting Custos
All I see is random directions across all gbp crosses. Can you please point me to why you think gbp was affected today? Maybe post some charts for me so I can grasp what you mean.
I would suggest you look at the daily ranges - they're a lot smaller than that you would normally see. Only one moving out of the four I'm watching is EUR/CHF, which moved on Swiss news.

Most markets have been affected simply because London Banks are closed today - check the FF calendar. Hopefully New York will step up to the plate and move them......?
I've got my pips - go get yours!
  • #9
  • Apr 29, 2011 8:39am Apr 29, 2011 8:39am
Quoting BackTestDummy
I would suggest you look at the daily ranges - they're a lot smaller than that you would normally see. Only one moving out of the four I'm watching is EUR/CHF, which moved on Swiss news.

Most markets have been affected simply because London Banks are closed today - check the FF calendar. Hopefully New York will step up to the plate and move them......?
I don't understand your argument. On the one hand you say that the ranges are smaller than usual suggesting no influence of the wedding. On the other hand you say that most markets have been affected.
  • #10
  • Apr 29, 2011 8:52am Apr 29, 2011 8:52am
Quoting Custos
I don't understand your argument. On the one hand you say that the ranges are smaller than usual suggesting no influence of the wedding. On the other hand you say that most markets have been affected.
I'm not arguing - I'm simply pointing out that as London is closed (due to the wedding) the ranges are small - therefore the wedding HAS affected most markets.
I've got my pips - go get yours!
  • #11
  • Apr 29, 2011 8:52am Apr 29, 2011 8:52am
Quoting Custos
I don't understand your argument. On the one hand you say that the ranges are smaller than usual suggesting no influence of the wedding. On the other hand you say that most markets have been affected.
Actually he tries to say that the small range of today's markets is caused by the wedding (as the bank holiday resulted in low volume, etc), concluding that the wedding affected markets, in that it reduced volatility.
The nail that sticks out gets hammered back in
  • #12
  • Last Post: Apr 29, 2011 8:53am Apr 29, 2011 8:53am
Quoting BackTestDummy
I'm not arguing - I'm simply pointing out that as London is closed (due to the wedding) the ranges are small - therefore the wedding HAS affected most markets.
okay, now I understand your argument. Yes, in that sense the market was influenced. Thanks for the clarification.
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