Thanks for the explanation. I'm flat everything but some distressed bonds at the end of the day most days, so should sleep well!
How would you trade it after the fact? What moves or opportunities would you be looking into? Just trying to pick your brain again. Would a fade of the reaction be a type of trade? I imagine GBP/USD would be over extended in either direction.
Late post but worth noting. WTI settle yesterday was a textbook sushi roll. If you check the Dec contract for RB and HO, ditto. The gas and heat spot market and spreads have been so volatile that it has been worth keeping an eye on the forward curve. And this is happening in front of my MADns. The last week has produced this relentless run from my MAUp all the way to the MADn and I am thinking that we probably go through here to the QAUp or even lower (this is where I get in trouble ). But looking at the last few years, more often than not, Q2 moves have been completely reversed starting end of Q2 into Q3. It will be interesting to see what follows. I mean, Q2 pivot for me is a long ways down!
where do you think the yen will end up if the Brits exit, will be very interesting. Euro is gonna get smacked too, good times!
FX liquidity warnings over Brexit. http://www.bloomberg.com/news/artic...-currency-market-disruption-on-day-of-eu-vote First results expected at 0100 GMT and final count by 0400 GMT on the 24th, so all this in the Asian session. This earlier piece mentions CB intervention to at least provide liquidity. I wasn't trading FX when the Japan Tsunami happened, Mav any recollection of that time? http://www.reuters.com/article/us-b...8d44&utm_medium=trueAnthem&utm_source=twitter