Monday, May 24, 2010

Currencies Are In Chaos Today: Huge Volatility Is Here

This is a chart of the Euro today, since midnight:

(please click to enlarge)

At midnight The Euro was trading at 1.2523; at 7AM it traded at 1.2357. That is a move of 1.33% in 7 hours. These moves have a corresponding effect on the stock prices and commodities, so volatility is to be expected again, which is great for our straddles.

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