World Cups effect on forex?? | Forex Factory

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World Cups effect on forex??

  • #1
  • First Post: Jun 6, 2006 3:00am Jun 6, 2006 3:00am
I wasn't a trader during the last world cup.

I'm just wondering what trading was like during the last world cup? Was it slower in anyway, during London or the european sessions?

I have heard one or two people mention this in the past.

Cheers

Rusty

P.S. Australia 5 - Brazil 0
  • #2
  • Jun 6, 2006 4:41am Jun 6, 2006 4:41am
I dont know aswell, but I dont think it has any impact
  • #3
  • Jun 6, 2006 5:55am Jun 6, 2006 5:55am
Quote
P.S. Australia 5 - Brazil 0

Always wait for the opportune moment… just be careful not to miss it.
  • #4
  • Jun 6, 2006 5:57am Jun 6, 2006 5:57am
wow cool, i think i'll go buy the correct score aud 5-0

if i strike i'll be rich
  • #5
  • Jun 6, 2006 6:29am Jun 6, 2006 6:29am
Thanx for you question . i was gonna ask the same question hehe

I think EUR 'll go in Uptrend during World Cup...

Anyone have comment about that
Charting Markets into the Future...MǎҖ€¥.
  • #6
  • Jun 6, 2006 6:48am Jun 6, 2006 6:48am
I do not think it will have any affect on the market other than less volume.
  • #7
  • Jun 6, 2006 7:04am Jun 6, 2006 7:04am
At the height of Tiger Woods' popularity when he burst on the scene, it was shown that the US stock market fluctuated on the last day of the US Masters / US PGA, when he was going through that hot streak according to if he won or not, it was most interesting reading, so the idea is not far fetched.

I would watch some of the south, and central american currencies for the greatest effect, as their economies could get a short term lift if their team wins the world cup .... anyone who has been to these areas knows the effect on the psychy that football has on the population.

Oh and go the Socceroos!
You can quit and they won't care, but you will always know.
  • #8
  • Jun 7, 2006 5:06am Jun 7, 2006 5:06am
Hi rusty

The bookies would love you. I think it should be brazil 5 Aussie 2.
I was in london during the last w/cup and I can tell you when england are playing you can drive through london in fifteen minutes flat as oppose to the usual one hour plus there is just a hugh interest in the game. And since most city boys don,t mind a few pints and a game of footy you will find them in the pub during games.
  • #9
  • Jun 7, 2006 5:29am Jun 7, 2006 5:29am
Thought this might be useful for you fellas:

Match 1: June 10th, 9 AM ET

Match 2: June 15th, 2 PM ET

Match 3: June 20th, 3 PM ET


These are qualifying matches. If England makes to the final 16, I will update this thread match by match.

Looking at the schedule, I dont think FOREX will be affected at all. Match 1 will be played on Saturday when markets are closed.

Matches 2 and 3 will be played when US session takes over, thus UK volumes would be winding down regardless of World Cup.

As far as the US is concerned, I dont think Americans are soccer freaks like Europeans so I cant quite see any American trader stepping off his desk early to watch the game at the pub.
  • #10
  • Jun 7, 2006 5:39am Jun 7, 2006 5:39am
Quoting shano2000
Hi rusty

The bookies would love you. I think it should be brazil 5 Aussie 2.
I was in london during the last w/cup and I can tell you when england are playing you can drive through london in fifteen minutes flat as oppose to the usual one hour plus there is just a hugh interest in the game. And since most city boys don,t mind a few pints and a game of footy you will find them in the pub during games.
LOL! - i stand by my predictions! Aussie 5 - Brazil nada....I've gotta be kidding myself right?

Did you see the Aussie V Netherlands game .... it was like the Aussies were playing rugby or Aussie rules football.

anyways...

Thats what i mean anyways about the world cup and trading....Im guessing during major games, trading will be quiet during european sessions.

Obviously europe volume is a lot larger than US. So - Im just wondering if anyone was around during the last world cup and experienced something similar?
  • #11
  • Jun 7, 2006 9:56am Jun 7, 2006 9:56am
I think one effect that might occur is if the football hooligans get thier way and there is a major disruption that leads to major rioting that takes out a downtown area of a major city and then islamo-terroists take advantage of the anarchary and drop a dirty bomb and the host nation over-reacts by nukin' a major islamic country that retaliates by launching a ground war against India (just because). THAT may have some effect on the market.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #12
  • Jun 7, 2006 10:08am Jun 7, 2006 10:08am
If Costa Rica beats Germany the Euro will drop

Quoting MaXeY
Thanx for you question . i was gonna ask the same question hehe

I think EUR 'll go in Uptrend during World Cup...

Anyone have comment about that
In trading, there is no bullshit. You either make money or you don't.
  • #13
  • Jun 7, 2006 10:48am Jun 7, 2006 10:48am
Quoting Rusty_forexman
I'm just wondering what trading was like during the last world cup? Was it slower in anyway, during London or the european sessions? ...
...
P.S. Australia 5 - Brazil 0
Hey Rusty, the only thing I know is that I won´t be trading during the games. At the most I´ll set some alarms on my platform, and if something shows up and I´m not to drunk I might trade!

I was reading this article and it says that in England they expect at least 25% of the staff to miss work! (http://www.newbusiness.co.uk/cgi-bin...cle.pl?id=3635)

As far as your Australian vs Brazil prediction, I think it´s easier Euro going to Zero than that happening!
  • #14
  • Jun 7, 2006 11:41am Jun 7, 2006 11:41am
Quoting Akuma99
At the height of Tiger Woods' popularity when he burst on the scene, it was shown that the US stock market fluctuated on the last day of the US Masters / US PGA, when he was going through that hot streak according to if he won or not, it was most interesting reading, so the idea is not far fetched.

I would watch some of the south, and central american currencies for the greatest effect, as their economies could get a short term lift if their team wins the world cup .... anyone who has been to these areas knows the effect on the psychy that football has on the population.

Oh and go the Socceroos!
Uh...weren't the last days of those tournaments on Sunday??
  • #15
  • Jun 7, 2006 3:14pm Jun 7, 2006 3:14pm
Quoting edu
As far as your Australian vs Brazil prediction, I think it´s easier Euro going to Zero than that happening!
haha
  • #16
  • Jun 7, 2006 6:42pm Jun 7, 2006 6:42pm
Quoting edu
As far as your Australian vs Brazil prediction, I think it´s easier Euro going to Zero than that happening!
LOL - theres no reason not to have a lil bit of faith...I mean we managed to put 3 goals against the 142 ranked team in the world which is Lichtenstein .... and in the process we were so generous, one our players slotted one in for them too.
  • #17
  • Jun 7, 2006 8:00pm Jun 7, 2006 8:00pm
G'day Rusty,

I can see you are true blue

After going to the Sydney qualifier I am ready with the match sticks to keep the eye lids open.

After the Lich.... game we have plenty of work to do but I guess they will have a few light days now to get some zip back into the legs.

As for the markets, I guess we trade what we see, if it is dead stay out
Money grows on the tree of persistence
  • #18
  • Jun 7, 2006 9:54pm Jun 7, 2006 9:54pm
Quoting ozmacca
G'day Rusty,

I can see you are true blue

After going to the Sydney qualifier I am ready with the match sticks to keep the eye lids open.

After the Lich.... game we have plenty of work to do but I guess they will have a few light days now to get some zip back into the legs.

As for the markets, I guess we trade what we see, if it is dead stay out
too right.

i dont think i have been this excited about soccer in my entire life...

I'm a North Shore rugby boy and usually clipped people over the ears and called them 'women' if they supported soccer.

Ah - funny how a bit of marketing and a few people jumping on the bandwagon can change things...
  • #19
  • Last Post: Jun 8, 2006 12:26am Jun 8, 2006 12:26am
Whacho guys gettin' all excited 'bout anyhoo. I mean 'tant like 'tis the bloomin' NFL or nuffin'.
Nolite dormiens pungere ursum. -- Latan Proverb.
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