Quad Witching Tomorrow 6.18.09
June 18, 2009
There are no U.S. economic reports tomorrow but that does not mean that we wont have some interesting volatility in the financial markets. Quite the contrary as we have Quad or Quadruple Witching on the calendar. Quadruple witching only occurs four times a year - on the third Friday of March, June, September and December.
It is a day when the contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire. This usually leads to some erratic price action in the equity markets. Since currencies like to take its cue from equities, we could see some uneven price action in the forex market.
For a more thorough outlook, make sure you read by Daily Currency Focus on FX360.com. Today’s leading topic is EUR/USD: What Triggered the Reversal
Posted in 2009 eurusd forecasts, eur/usd, forex blog
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June 19th, 2009 at 9:29 am
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June 19th, 2009 at 5:46 pm
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June 21st, 2009 at 9:17 pm
So exactly how can I turn this volitlity into trading opportunities?