Lots of opportunity to get whipped senseless this afternoon as stock prices and currency rates thrash around in wide ranges. The old adage in that markets are most volatile at tops and bottoms, so there is a sign of hope for the “buy-the-dips” crowd in EUR/USD.
EUR/USD bounced a cent from NY session lows at 1.2280 at midday to 1.2380 before pulling back to the 1.2350 level. Where is the next hundred points gonna come from? I haven’t a clue, unless you can tell me where the direction of next 10 points in the S&P…
