Wild currency moves

[bond tr4der]

:eek:

Is anyone else in awe?

 

[lemeeeplay]

These 200 pip movements per day are crazy!

 

[brocklanders]

I was just noticing the massive pump and dump into the close on the Euro. What the f? These markets are wild indeed.

 

[Peter35]

It's first time that we see such move in our lives!!! GBP/USD down 1000 pips in few hours. The world will not be like before guys....

 

[Ivanovich]

200 pips per day?

Try 1000 pips in 12 hours (Aud/jpy).

It's unreal. I'm shell shocked.

 

[Nashequilibrium]

currency traders should love this, as long as there is liquidity, we can make money!!

 

[stevegee58]

Bring it on baby. I'm making more money in forex than ever before.

 

[Gringinho]

Quote from Ivanovich:

200 pips per day?

Try 1000 pips in 12 hours (Aud/jpy).

It's unreal. I'm shell shocked.

EURJPY was 1000 pips in 10 hours

It has made the markets like a Texas Hold'Em table, I think. And there are no "technicals" right now, no matter what they say... it is simply a function of the fear - and like Hans Jürgen Redeker from BNP Paribas talked about earlier on Bloomberg.

 

[Hook N. Sinker]

I can't figure out why traders are buying yen. Maybe Bank Of Japan is selling USA treasury bonds? What happens if the USA Government attempts to borrow now?

 

[Gringinho]

Hook,

Japanese investors are taking their money back home, as well as hedging - since interest is roughly 0% there... and they need to deliver returns. Then there are also carry trades unrolling - as well as some speculators fuelling, for sure, but the markets are illiquid.