09/27/08 5:03 pm - EURUSD: extreme volatility possible when markets open on Sunday
The New York Times reported that “After a marathon round of negotiations that ended in the predawn hours on Saturday, Congressional leaders and Bush administration officials said they were nearing consensus on a $700 billion rescue plan for the nation’s financial system, and that a deal might be announced on Sunday evening before the markets open in Asia. ”
This could cause extreme volatility in the forex markets on Sunday and Monday. Caution when trading during those times, potential for false breakouts. Volatility may persist during the European and US sessions as well.




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