Quote from Wallace:
rmorse said it all
one black swan event was 911, the destruction of the NY Twin Towers on Sep 11/01
the spot eurusd continued to trade but currency futures were closed for a week along
with other markets, a gap down on the $ re-open but not a lot and new trends began in
the opposite directions afterwards. much larger drops occurred with the S&P 500 and
DJIA and while the Dow didn't quite 'close' the gap the 500 did
a smaller black swan that saw the euro open down 120 ? pips was the capture of
Saddam Hussein which occurred on a Saturday; FXCM announced they'd honored all
Stops and the price recovered anyway during the Sun/Mon session
central banks' actions in the markets usually to buy their currency generates large
price swings even when they announce they'll be doing them, but gives the chance
to be out of the market, jpy has seen some large moves
if Greece or Eire were to suddenly announce they were leaving the EU or dropping the
euro - essentially defaulting, that would have a major impact on the euro, although
I think the euro might already be in a downtrend were such a thing to happen
