Go Back   DailyFX Forex Forum | FX Forum
Reload this Page Sidebar Wrapper

Thread: Discuss EUR/USD News with a DailyFX Analyst
View Single Post
  #8381 (permalink)  
Old 08-08-2008, 11:18 AM
cmellon's Avatar
cmellon cmellon is offline
Member
  
Join Date: Apr 2008
Posts: 1,654
cmellon is an unknown quantity at this point
Quote:
Originally Posted by carthage View Post
If I were a corporate treasurer and had some hedging responsibilities, I would certainly jump in buying Euros first thing Monday. It would be difficult to criticize me even if I were premature.
Well in some cases, such as in the first example (the largest EUR move ever), it'll be too late to buy Euro first thing Monday, because by the time it opens, it has gapped by more than 100 pips! The action is on the weekend, when most retail investors, traders, and insitutions can't buy.
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 10:49 PM.
Copyright ©2009 Daily FX. All Rights Reserved.