Warning:Volatile Day Ahead – 20th Apr ‘09
Take a moment to attempt to answer the questions below before reading
onwards;
Qn : What day of the week is today?
Qn: Which week and which day of the week is it of the month today?
Qn: What is expected and what can happen today?
Ans: Today is the 3rd Friday of the month. As with options, options based
assets and many other assets that are options derivatives based, there will
be huge irrational movements today, especially with USD and Yen based pairs.
Therefore, please be aware of the market conditions and how you can best
protect or benefit from this environment. If you have long term positions,
you might want to protect your profits by hedging your positions. If you are
in losing or marginally losing positions, it is best to get out and let the
dust settle down. Trust me, you shall be much more better off without all
these emotional roller coaster rides.
The only trade i will be watching is the CAD retail sales release tonight at
8:30 pm.
Happy Trading,
Seeni
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Seeni J G
