Hello Friends
Good morning, good afternoon and good evening
As the financial world is waiting for this weekend re election in Greece, there is really nothing to be said about the markets.
We have seen the zigzags all week and it continues right up to today. As 9.9 million citizens hit to the poll this morning which ended around 12pm New York time, we will all be waiting for the results which initial estimates were expected to be tallied around 9:30pm local time with a more accurate estimates around 11pm local time today.
As I said during the week that the markets are very sensitive. I would recommend to those to reduce your risk by 5:00pm New York time as the volatility will not be isolated to the Euro but potentially to all currency pairs as the Central Banks around the globe will be standing by to take the necessary actions.
This volatility could trigger stop orders and could result in larger than normal spreads, so please my friends, review your existing open orders if you have any and adjustment to make please do so. If you have a few pairs consisting of the Euro reduce that risks by either closing some trades or reducing the position you may have with that pair.
Volatility is expected to be extremely high and pairs could GAP either way to extreme levels prior to the market reopening on Sunday evening.
This is my Warning Call to you all my friends,
If you plan on keeping your position please make sure that you have enough funds so that you can handle the volatility if Sunday evening open is against you
Have a good weekend with family and friends
To those in our club we will resume Monday morning as usual unless you hear from me
Until next time
Vladimir
