Spain earthquake ! how much impact it will affect Euro.
May 11, 2011 at 18:28
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6 Replies
forex_trader_28881
Member Since Feb 07, 2011
724 posts
May 12, 2011 at 15:43
Might want to look towards the Yen for answers.
If it was a big one people would have to buy euro's to give aid.
Yen soared after Japan. I guess it's a question of how bad it was...
If it was a big one people would have to buy euro's to give aid.
Yen soared after Japan. I guess it's a question of how bad it was...
forex_trader_2062
Member Since Oct 24, 2009
186 posts
May 12, 2011 at 18:23
..weird, that is why I stick to the technical stuff....
May 12, 2011 at 18:52
I believe the appreciation of a currency is largely due to people withdrawing what they can from the banks, for their post-disaster spending, and possibly fear that a run on the banks may occur.
The thing is, Spain is only a part of the EU. Perhaps there might be some upward pressure on the EURUSD but I suspect it will be tepid.
The thing is, Spain is only a part of the EU. Perhaps there might be some upward pressure on the EURUSD but I suspect it will be tepid.
Consistency above all.
forex_trader_28881
Member Since Feb 07, 2011
724 posts
May 13, 2011 at 03:27
(edited May 13, 2011 at 03:35)
The way to trade disasters is to see whatever took the biggest hit and buy it.
Look at Dow Jones on post Sept 11th. Recovered very quickly after the initial shock wore off. I once saw a chart with a bunch of disaster listings. Almost always there's a knee jerk panic, then a recovery as the overall fundamentals don't change that much.
My point is really don't try predict the reaction, see what the reaction is and then act. Whatever the reaction is it will reverse quite soon after the disaster.
Don't forget to donate if you make a few bucks from it !
Look at Dow Jones on post Sept 11th. Recovered very quickly after the initial shock wore off. I once saw a chart with a bunch of disaster listings. Almost always there's a knee jerk panic, then a recovery as the overall fundamentals don't change that much.
My point is really don't try predict the reaction, see what the reaction is and then act. Whatever the reaction is it will reverse quite soon after the disaster.
Don't forget to donate if you make a few bucks from it !
May 13, 2011 at 07:59
If you feel guilty about trading profits, making money out of nothing, sat in front of a screen in a comfortable chair, then you won't forget donating. If you have no feelings of guilt, you will forget donating.
TheCyclist posted:
Don't forget to donate if you make a few bucks from it !
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_28881
Member Since Feb 07, 2011
724 posts
May 13, 2011 at 11:21
(edited May 13, 2011 at 11:25)
It's not about guilt of trading or the event. I don't feel guilty for 911. Had nothing to do with it. But there was blood on those profits. I don't like blood money.
Thing is I did take the time to learn how to profit from disasters via trading. So I am entitled to something for being awake, that's why I say, I'll trade it, but a portion goes to a relevant charity for said event.
Thing is I did take the time to learn how to profit from disasters via trading. So I am entitled to something for being awake, that's why I say, I'll trade it, but a portion goes to a relevant charity for said event.
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