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Posts Tagged ‘market movements’

Extreme volatility, extreme uncertainty

Thursday, September 18th, 2008

Nobody knows what’s going to happen next in this mad environment, that’s why prices go up and down with a tremendous amount of force. One minute the majors are up 50 pips a minute later they’re falling sharply… Like for example GBP/USD went up last evening and now it’s coming down like it should have never gone so high or something… Interesting, I’ve never seen such high volume, the tick chart is like a seismograph during a powerful earthquake!

Update: just as I was typing this post, gbp/usd went up 100 pips in 10 minutes… Without any real reason. Oh my god… :)

 
           
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