"Close Only" trades at Vantage FX, until after the Brexit vote --- and other news

Beginner Questions
1

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[B]Vantage FX[/B] announces “close-only” policy
for all EUR and GBP pairs, except EUR/USD and GBP/USD,
until after the Brexit referendum.

[I][B]Finance Magnates[/B][/I] ARTICLE.

From the same article —

If the Brits vote to exit the EU, [B]Goldman Sachs[/B] predicts:

• up to an 11% drop in the value of the GBP

• a 4% drop in the value of the EUR

• and a 14% gain in the value of the JPY

Jeff Opdyke, writing in [I][B]The Sovereign Investor Daily,[/B][/I] suggests buying puts on the S&P as a way to hedge a portfolio of U.S. stocks. If Britain votes to leave the EU, Jeff prdicts a drop of 7%-10% in U.S. equities, and even larger equity losses in Europe and the U.K.

Here’s a LINK.

I’m toying with the idea of an option straddle on the OEX as a pure gamble (not a hedge) prior to the vote — but, this is not the proper venue for pitching that idea.

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2

Thanks Clint!

I feel also that a flight to safety may result in a USD pick-up, more so than the Yen, but if GS say nithing about this, then it must be wrong haha

De facto, a drop in EurUsd and NzdUsd

would result in an appreciation of the

trade-weighted US Dollar index …

What of the comdolls?

3

I am already looking at the strength of the Euro and many of the global investors are now seeking their investments into safe heavens already :smiley: