...maybe the inclusion of treasury buying was to masturbate the Chinese dick after all. Dont think China loves to see their debt investments devalued by this USD selloff. I make this point because this all will definitely slow down the hunger to continue agressively investing in US debt by foreigners which should give you a clear direction where USD is heading...
CRAZY MARKETS, THEY SHOPULD REALLY GO BACK TO FIXED EXCHANGE RATES, THESE GYRATIONS ARE SICKENING FOR EVERYBODY. IN THE MEANTIME I AM FORCED TO SPECULATE IN CURRENCIES AND THANKFULLY WAS LONG EURO AND AUSSIE , BUT AFTER BEING SHAKEN OUT OF A BIG CHUNK OF MY POSITION AT THE BEGINNING OF THE MONTH
Possible, indeed, but the political dynamic is becoming tres complicated. Imagine if you're the Chinese, you got a whole lotsa USTs and there's a bullet bid out there. There's truly a possibility that (unless, of course, this was all properly arranged with them) the Fed really does run into a proper Chinese wall of money getting out of UST and into real assets. I sure hope that it doesn't happen, 'cause the one thing that we don't need right now is the US Trsy not being able to fund itself.
I wasn't even watching the market during the time personally but I'm curious to those who were on the wrong side with a S/L. How much slippage did you see?
i was at school talking to a buddy of mine and i notice the price upticked by 100 pips im like WTFFFFFFFFF, i try to sell and i cant it kept on saying rates changed, it kept on saying rates changed until i was down 350 pips it was insane. luckly i was able to make it all back today that was by going long in the EURo right after taking that loss.
I am new to forex, so i was just messing around trying to place a breakout trade (long EUR). For some reason I got confused with forex leverage and operated under the assumption that the leverage 1/20 instead of 20/1. Next thing I know my 100K account becomes 140K account while I was gone to the bathroom! God bless the Fed! Beginner's luck finally happened to me!