Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Frankly, there was a little too much uncertainty in this short-Euro lark that I've been babysitting for half a day. thankfully we just got a wee lurch down to 1.2080 (basis ECZ5) and so I took the stupid thing off at 1.2084. It's only 5 pips ($62.50): better than a poke in the eye, but not enough to cover the medical bill if you actually happened to have been poked in the eye previously.
Plus, the start of the Euro-session is always characterised by some smart-arse dicking around with a load of phony bids & asks in the futures. It happens in both equity index and currency: if you thought that the old 'U' order crap in marekt depth in Australia was bad, you ought to see the ridiculous flashing light display in bids & asks when the Krauts start dicking around.
