Sharing my investment opinions/trade ideas as well as rationalizing them in words. All posts are personal opinions and do not constitute a recommendation to buy or sell any financial instrument, or to make any investments. Readers should do your own due diligence at all times.
Saturday, 8 October 2016
THAT 7% GBPUSD Drop
Yesterday morning at 7am, the GBPUSD spiked down 7% to as low as 1.15 from 1.26+. This was blamed on illiquidity and algo triggers.
A stark reminder of the perils of leveraged trading in a hugely volatile and opaque FX market.
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