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International markets traders banter

Decent size on the SPI for this time of night, gotta be some overseas fund or something?
 

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Bahahahaha. Try half a day. :cry:

It was pretty much from the opening bell... How about the Spanish market went for a 7% reversal day.

ASX punters can thank the Queen for saving them from buying any spike yesterday.

The bailout is a bit like a person obtaining a credit card so he can fix his leaking roof. It adds to the Spanish national debt FFS...
 
No intraday for me this week, busy with a few other things.

All I am hearing on the wire recently is Sovereigns! Out in force playing both sides of the fx, but a lot of USD selling from the 'producers', ME, Germany, Korea, China. Overall though, things are about the same, with liquidity providers still heavy net longs in the JPY and CHF, lightly short on the risk basket, and mostly neutral with a hint of shorts on the USD.
 
Fellow Banterers -

From OANDA:

Dear ,

Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.

Their website:
Reasons behind our Sunday trading halt
http://www.oanda.com/corp/oandainsights/2012/jun/14/reasons-behind-our-sunday-trading-halt-55514120/

Also this article:
Oanda said halting forex trade during Greek vote
http://www.marketwatch.com/story/oanda-said-halting-forex-trade-during-greek-vote-2012-06-14
 
Wondering now if the Greek thing will be a non event. Even undiscovered tribes in the Amazon have sold out, gone to cash and waiting for the carnage.


uncontacted-tribe-picture-2.jpg
 
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