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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (243793)6/3/2003 9:31:05 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
tippet, true that I am trying to cash in the volatility ....... and started to do so after having my core EUR's closed in CD's....... for same reason volatility and hedging

I do not see it a weeeeeeee bit hypocritical for the reason that IMHO the wild swing in the FX since February are not justified ....... same apply to last July and then a year before.

There is a difference between an adjustment of FX based on fundamentals of 1 to 2 % a month but it is not helpful gyration of 2% a day that we witnessed recently with out any real economic news.

and BTW ..... is you would read FX commentary and see the charts the big banks are only engaged in stop loss busting in the we hours of trading when bids are scarce ....... like Friday's late afternoon or Sunday evenings very early hours in EZ or US
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