What do you mean about systems getting shut (or more regulations if you mean), affecting the market direction?
Maybe the volume and volatility will be beheaded a little bit, but I dont think it will cause any currency pair like EUR USD to go down.
Here is the spectacular DEAD CAT BOUNCE yesterday of once-mighty EURUSD, just after the one trillion EUROs injection from IMF and European central banks. Please bear in mind that the PIIGS owe Germany, France, and the UK an enormous debt of nearly five trillion EUROs. ECB has now started printing massive amount of EUROs to buy European government bonds and the traders could smell the death knell of our EURO. (My TrendWhipsaw EA beautifully caught 200 pips 6 hours drop.)
I think someone travelled 'back to the future', and changed something in the past.
soon, biker gangs will rule the earth.
(stocks dropping for no reason in usa. greece seems to be taking EU with it down to limbo.)
ill open my own talk show soon.
Soros's parity between EURO and USD seems quite possible in just a few days time? But I am now scared by the rapid drop, and just bought back some of my EURUSD shorts.
But I am now scared by the rapid drop, and just bought back some of my EURUSD shorts.
EURUSD is now well and truly in the danger zone. People are still selling heavily at the retracements. But the bounces are getting stronger and more frequent now. I think a major rally is very near. I cut all my shorts today after seeing on the TV the German Chanceller (Is her name Angelar Markel?) giving a strong speech for needing to defend EURO. (Anyway more than 1500 pips is good enough for just over two weeks staring at the LCD monitor every waking minutes.)
Another hell week coming.
May Take Legal Steps Against U.S. Banks for Crisis, Papandreou Says" from bloomberg.
Yesterday Euro has dropped 300 pips in one drop and still dropping like a stone! Soros' Parity seems really close now?
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