hi, recently there was an attack in france where over 100 died according to the news sources
i hope they are all wrong and lying, but since the news are out all over the World i wonder how the reaction will be on euro/usd.
will it have a major effect on taking euro/usd into a down trend or will it have no effect.
What happened in Beirut and Paris is showing us that we have a lot of work to do for peace in the world. I cannot even think of this as a trading opportunity at the moment, as i am just digesting the news. Ten years ago the Pound fell when London was under attack, so I am sure that the Euro will suffer too, but then nothing is certain: the disconnect between financial markets and real life is sometimes baffling.
Thatās because the news is not a factor that makes the market move or determines its direction. However, during the times it is aligned with the market, it causes the public to make the association that it does, when in fact it is a matter of human association which tries to find a cause and effect to things. It is a property of the intellect and mind to seek a source or explanation to why things happen, but in this case, somewhere in the trading atmosphere, people have decided that news equals directionā¦which has proven itself time and again it is not the case.
The news does cause movement in the markets, (generally speaking, because there are times when nothing happens too), but in order to determine the probability of direction, other more reliable factors have to be taken into account.
Is a great opportunities to get cheap vacation to Paris , Hotel ,air ticket become cheaper for a short periode , Not so crowdy all tourist is home in fear ā¦
Let us say that it is slightly ill-timed, even though it is a legitimate questionā¦I will not comment on the idea of cheap holidays to Paris, which seems in poor taste.
āAll that is needed for evil to succeed is for good people to do nothingā.
If āgoodā includes making a quick speculative buck on the back of people dead, maimed for life, or traumatised from the massacre of their own children, while the rest of the world is showing respect, solidarity and compassion, while others are still washing the blood from the pavements then shame on the whole forex market.
Professional managers of funds, responsible for the property of others, have a duty to consider the impact of all global events⦠but the newbie looking for a quick profit of a fistful of dollars from such a tragedy - that will probably be lost again by the end of the week? Talk about the seedy side of capitalism! Iām out of hereā¦
Yep, gave me a shock the first time I encountered how capitalism, or maybe better termed āgreedā reacts to tragedy.
I am a ācapitalistā, very proud to be so, I create wealth insofar that it is possible for a person to do so, I āmakeā money and re-distribute that making by paying wages/ taxes/ spending and so on.
My shock was in reading Jesse Livermore and how the market reacted to the outbreak of WW11.
It was a long story, but even Livermoreās reaction, never mind the marketās, kinda brought it home to me that this is indeed the seedy side of capitalism, I rationalled it by thinking like you, duty of care etc, but still I cannot come to terms with the market can react to evil in the world.
I remember seeing a post from a guy who used to be on here, ST, I think, anyways, a horrible terrorist act occurred, it happened that one of his positions profited - that profit caused him much soul searching.
How is it possible to reconcile capitalism with such acts, truth is it is not. Torulfās stupid post would be similar, his post betrays his lack of understanding, and likely his lack of years.
That old saying about evil is actually wrong, evil prospers not in good people doing nothing, it prospers only in good people turning a blind eye - hear no evil, see no evil.