BKT FX Weekly Review - Market Anarchy, The Day Atlas Crumbled 10.10-15.08
October 11, 2008
————–Top 5 Stories in FX This Week—————-
Our Choice Recession Vs. Depression
The Missing Piece of the Rescue
Hard Look at Greenspan Legacy
Europe - the New Lehman?
FDIC How Soon We Forget
—————–The Art of Managing Luck—————
So this was an interesting week in the FX market to say the least. As I write this Dylan Radigan is running a piece on CNBC entitled Violent Volatility Vortex as he points to the the fact that VIX has now hit 70 on an intra day basis while the DOW has plunged below 8000 for the first time since 2003.
For FX traders the equity market has been the only market that matters because the one and only driver of trade in currencies has been has been risk. On Thursday we had the Aussie rise 500 points as risk assumption returned temporarily and on Friday it plunged that much and more as risk aversion came back with a vengeance.
Posted in Boris Schlossberg, FX Weekly Reports 
No Comments »
content rss