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EURUSD

  • #658,261
  • Jun 17, 2012 1:24pm Jun 17, 2012 1:24pm
Above last weeks high now
  • #658,262
  • Jun 17, 2012 1:25pm Jun 17, 2012 1:25pm
Quoting attila
No shit. So who's moving it right now? Ghosts?
This is OTC. OTC is not market.
  • #658,263
  • Jun 17, 2012 1:25pm Jun 17, 2012 1:25pm
as soon as your broker will allow it
  • #658,264
  • Jun 17, 2012 1:26pm Jun 17, 2012 1:26pm
Quoting divak
This is OTC. OTC is not market.
oh boy.. OK..
  • #658,265
  • Jun 17, 2012 1:26pm Jun 17, 2012 1:26pm
Quoting divak
This is OTC. OTC is not market.
what are you talking about! if there is a transaction there is a market
  • #658,266
  • Jun 17, 2012 1:26pm Jun 17, 2012 1:26pm
follow here

http://national12b.ekloges.dolnet.gr/index.php?lang=en
  • #658,267
  • Jun 17, 2012 1:26pm Jun 17, 2012 1:26pm
PASOK jsut announced they dont want to ally with ND......

Its gonna be a huge mess, i go short at opening.
  • #658,268
  • Jun 17, 2012 1:27pm Jun 17, 2012 1:27pm
Quoting divak
The interbank market is unregulated and decentralized. There is no specific location or exchange where these currency transactions take place. However, foreign currency options are regulated in the United States and trade on the Philadelphia Stock Exchange. Further, in the U.S., the Federal Reserve Bank publishes closing spot prices on a daily basis.

WIKIPEDIA.

Your quotes are made by market makers. Market Makers are not "the market" They are part of it only. This is Over The Counter Transactions as there is not Central Clearin system as stated...
I'm not going to argue with you here, the currency market does not close, period. If market makers are the only ones trading in the interbank right now, then they are the market.....and yes there are regulatory entities that publish closing prices, this is called a "fix", and it is mostly for corporates that deal in large fx volumes on a non-speculative basis. Trust me, I know what I'm talking about, not quoting Wiki.
  • #658,269
  • Jun 17, 2012 1:27pm Jun 17, 2012 1:27pm
almost 1.2700 according to this site...

http://www.forexdirectory.net/quotesfx.html
  • #658,270
  • Jun 17, 2012 1:27pm Jun 17, 2012 1:27pm
Quoting pips-scout
what are you talking about! if there is a transaction there is a market
leave him along. he's clueless.. no idea he's actually trading OTC day in and day out..that's cool...
  • #658,271
  • Jun 17, 2012 1:27pm Jun 17, 2012 1:27pm
Quoting lsolanki
http://www.saxobank.com/csp/widgets-...s/forex-quotes

true live quotes
Is saxobank always open ??
Alternatives are more important than the plan itself
  • #658,272
  • Jun 17, 2012 1:28pm Jun 17, 2012 1:28pm
Quoting pips-scout
what are you talking about! if there is a transaction there is a market
OTC. Its just as if i sell you a GS Share now for 10% more than the closing on Friday. We may trade if you like the price, but that price is made by you and me only.
Its not the result of market participants in general.

Trust me, i work in a Investment Bank. Damn!
  • #658,273
  • Jun 17, 2012 1:28pm Jun 17, 2012 1:28pm
EURUSD at 1.2699
Alternatives are more important than the plan itself
  • #658,274
  • Jun 17, 2012 1:30pm Jun 17, 2012 1:30pm
eurusd 1.2702
you are the creator of your own destiny-Shivyog
  • #658,275
  • Jun 17, 2012 1:30pm Jun 17, 2012 1:30pm
Quoting divak
OTC. Its just as if i sell you a GS Share now for 10% more than the closing on Friday. We may trade if you like the price, but that price is made by you and me only.
Its not the result of market participants in general.

Trust me, i work in a Investment Bank. Damn!
So let me get this straight. If it's an OTC market now only, then what kind of market is Monday-Friday?
  • #658,276
  • Jun 17, 2012 1:32pm Jun 17, 2012 1:32pm
i really wonder what reaction the market will have at opening. If the MM drive it up like that, i anticipate a sell-off. Hedgers are gonna take their profit at opening.
  • #658,277
  • Jun 17, 2012 1:32pm Jun 17, 2012 1:32pm
kak I went short on friday right before the close, thought I was being clever lol.. guess I'll pay the price now..
  • #658,278
  • Jun 17, 2012 1:34pm Jun 17, 2012 1:34pm
Official projection of result: New Democracy - 29.5%, Syriza - 27.1%. That is from the Greek interior ministry, quoted by Reuters.
  • #658,279
  • Jun 17, 2012 1:34pm Jun 17, 2012 1:34pm
dudes, market isn't driven by speculative trading only. There are much more deals over there. So when you see unexpected moves don't be so certain that some giant is playing with the price.
  • #658,280
  • Jun 17, 2012 1:35pm Jun 17, 2012 1:35pm
Quoting attila
So let me get this straight. If it's an OTC market now only, then what kind of market is Monday-Friday?
WIKIPEDIA, if you cant trust me says :
The foreign exchange market is unique because of
its huge trading volume representing the largest asset class in the world leading to high liquidity;
its geographical dispersion;
its continuous operation: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday;
the variety of factors that affect exchange rates;
the low margins of relative profit compared with other markets of fixed income; and
the use of leverage to enhance profit and loss margins and with respect to account size.

Monday to Friday is OTC too. But is accessible by ALL MARKETS PARTICIPANTS, it means banks, you, me, your mother, the hedgefund next door.
At the moment, it's only an INTERBANK Market. So its not EVERYBODY trading on it. Traders in banks are not active at the moment, coz first ITS SUNDAY, they have holidays too and the market is CLOSED for Traders until monday.
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