Don’t Try This At Home Kids: EUR Traders Battle The Fed/ECB And – Surprise – Lose

Don’t Try This At Home Kids – EUR Traders Holding On For Dear Life As FX Vol At Never Before Seen Levels

eur-usd

More flags, more fun – 500 billion flags! A 50 pip move in an FX pair in a week is big. A 50 pip move in an FX pair in a minute is a several hundred sigma event. As all correlation algos are near unity, we believe the risk of Thursday’s 2:40 pm festivities to recur in the afterhours session (either up or down) is frighteningly high.

May 10, 2010

Source: ZeroHedge

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