gossip 6/14-17/12

[dvermill]

Just thought this was interestin......

www.zerohedge.com/news/due-extreme-volatility-some-market-analysts-foresee


"Due To The Extreme Volatility Some Market Analysts Foresee..."
Tyler Durden's picture
Submitted by Tyler Durden on 06/13/2012 21:43 -0400

Volatility



Helmet time.

From Oanda

Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.



Please note that during this halt in trading, you can still access your account details but no trading activity will be accepted. For this reason, OANDA strongly recommends that all traders consider minimizing currency exposures prior to the trading halt.



If you do intend to maintain open positions during this period, be aware that OANDA will hold exchange rates steady during the trading halt. However, when trading resumes, rates will immediately adjust to the current market rate and it is possible that the updated rate could result in a margin closeout if the price has moved significantly against your positions.



Therefore, it is your responsibility to ensure you have adequate funds in your account to prevent a margin closeout.



OANDA apologizes for any inconvenience this may cause.



For more information, please contact a Customer Service representative.



Best regards,



The OANDA team

[dvermill]

oh ok so the pup found it

[TexasPride]

The pup ain't foolin' anyone... We all know dogs can't read. (But apparently they can cut and paste...)

[TexasPride]

Hmmm... I guess dvermill got mad and deleted his account.

Oh well... Bye Bye... Buy Bonds...

[smeagol8]

FYI, the Euro is NOT going away. Worst case scenario is the "core" EU countries continue to use it....basically that means France and Germany. Who are the only ones who should have ever been using it. The basic theory behind the Euro is that a "unit of work" is the same throughout Europe, and thats just not true: A German worker is MUCH more productive than a Greek worker, due to cultural priorities.