Trade view /
05 July 2016 at 12:01 GMT
The original trade idea
expected the EURCAD slide to continue supported by both intraday and short term downtrends. The assumption was that the fallout from Brexit was far more negative for EURUSD than the the risk of a USDCAD bounce on risk off trading.
I am sure everyone is familiar with why one should never assume anything.
The shift to risk aversion sparked by the Standard Life Investments decision to suspend trading in its UK Commercial Real Estate Fund had an out-sized move against the dollar-bloc currenciies while EURUSD stayed relatively stable.
The stop loss was triggered for a loss of .0085 points.
— Edited by Martin O'Rourke
Non-independent investment research disclaimer applies. Read more