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Thursday, 3 July 2014

140703: Shares Punt: ECB meeting causes volatility in EUR/USD

As the press-conference following this morning's meeting of the ECB gets undeer way, the Euro drops from $1.3650 to $1.3620. This presages a re-commencement of the Euro losing value against the US Dollar. I take a punt on the EUR/USD falling.

My punt immediately runs into a loss, because just then the Euro begins a pullback. I exit to minimise loss and then re-open the short position when the pullback seems to have run out of steam.

The race is on - swing down, swing up, five times a minute. What excitement!

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