OANDA fxTrade has taken the unprecedented step to HALT ALL FX TRADING from 6am EST to 3pm EST Sunday June 17th due to the risk of a ‘major market event during off-market hours’.
Buckle up boys and girls.
Got Phyzz?
From OANDA:
Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.
Please note that during this halt in trading, you can still access your account details but no trading activity will be accepted. For this reason, OANDA strongly recommends that all traders consider minimizing currency exposures prior to the trading halt.
If you do intend to maintain open positions during this period, be aware that OANDA will hold exchange rates steady during the trading halt. However, when trading resumes, rates will immediately adjust to the current market rate and it is possible that the updated rate could result in a margin closeout if the price has moved significantly against your positions.
Therefore, it is your responsibility to ensure you have adequate funds in your account to prevent a margin closeout.
OANDA apologizes for any inconvenience this may cause.
For more information, please contact a Customer Service representative.
Best regards,
The OANDA team
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WOW! This is the most disturbing news all day! Is this in anticipation of the Greek vote? Why the 17th?
Lmao Bull Lion!
Gerald Celente – Alex Jones Nightly Infowars 08 june 2012
Saddle up and hold on kids… That chili we had the other night… Well looks like it’s gonna hit the turbine blades on high…
Danno;
Roger that 427…. Maybe if they see it happen some place else they will wake up and make some changes while they still can…
Yes D it’s starting to apear more on MSM. I have planted seeds in there heads. I had one friend buy 80oz, and have taking offering info slow to them.
Wow!!!! I mean WOW!!! Sounds like they are pushing that Big Red Emergency Button?
Bull Lion – cool video. LOL
Greeks go to the voting booths June 17th. If the pixie party gets in then its curtains for the Euro, Drachma will be immediately implemented after a short bank holiday. The Forex markets will go crazy. Greek currency and banking controls were just implemented in the last few days. Greeks can’t flee with cash due to border currency controls. The Greeks will probably more or less welcome the Drachma if the Euro is replaced at 50 cents for the Drachma
At least the Greeks will be able to get off their barter system and have a currency to use. The BNI bank shut down that Brother John posted this evening speaks to the need for having cash outside the banking system plus some food, water and a means to handle transactions, like with silver coin. Credit Agricole just announced they are prepared to close and shut down their Greek banking units of CA. They are willing to toss these assets away since they know that once the runs expend all capital they will be left with nothing but debts and burnt out buildings.
Italy is the biggest domino, worse off than Spain, and the fan is turning over Rome at light speed.
BNI is just one of many banks on the edge or over it. Uni Credit is a dead man walking bank. It sold some very devalued shares a couple of months ago. I can’t find its trading symbol but it’s probably the next to go.
Probably has to do with Greek elections on Sunday. I wouldn’t read too much into it.
I’m with you UglyDog.
All the, “This is it. This is the big one. Here I come Elizabeth.” is getting really old.
guys are ready??
Good deal 427… I’m on the case tomorrow… Got a good friend takin ride to LCS with me… I think he’s seeing the light… One can only hope.. LoL… Get R Done!!
Probably tied to the Greek elections as others have said.
Better safe than sorry.
Get flat. Now.
yes got phys but not enough…
Yeah, it’s going to get wild baby. You better have phyzz at hand when it goes down.
@427
Hi mate, don’t bother trying to wake loved ones they don’t want to listen. We have tried and it was a waste of time. They think we have lost the plot. We have told them the whole system is about to go tits up and they just look incredulous.
I’m all in Silver, dumped all my fiat. We just keep enough for groceries and bills.
Latest headline:
Eurozone crisis live: Spanish borrowing costs hit 7% after double downgrade…..
Ditto that Neo!
It’s amazlng how many people in the world won’t know anything about this happening. Have you seen it on the Media yet? Just amazes me. LMAO Now off To Work.
or that’s their cool new way to announce a maintenance day
Got Phyzzz??
Neo;
WTF
and it continues…
The shit hitting the fan vid says it all!
Not to sound like a contrarian, but it may be prudent to keep some dry powder (i.e. fiat) just in case PM’s spike downwards after the Greek election.
Either way, let’s hope the Greeks make the decision to do what is best for Greece, and improve THEIR situation. Don’t forget there are a lot of good folks hurting in Greece these days, and that is what this election is really about. Let’s just hope the #$%& manipulaters keep their grubby fingers out of this election.
Hellz yeah Mammoth!!
M45 Says, “It’s amazlng how many people in the world won’t know anything about this
happening. Have you seen it on the Media yet? Just amazes me. LMAO Now
off To Work.”
My Take Exactly—Jeez!
Comments Like “Why the 17th?” and “I wouldn’t read anything into this” and “I’m tired of seeing “this is it” statements?—Come On!
This proves certain people don’t read these blogs, including my long discussions and posts regarding the Greek elections and the coming chaos in Europe. It’s unbelievable. Stay informed people!
As a stacker, I don’t find the fascination toward daily price to be enough to keep me interested in this gold and silver market. If the daily price of these two metals were all that was available to keep track of, including on-line coin shop offerings and stories about sovereign nations accumulating gold, I wouldn’t even pay attention–but that’s just me.
I’d just buy on a regular basis and forget it. Paper Prices have no bearing on accumulation. Guessing daily prices is just a game. Remove your minds from such drivel like “$1000 silver!” and “$5000 Gold Is Coming” nonsense. Again, I ask, Would you trade an oz. of silver for $1000 of fiat if that were the going price? How about $100? When these kind of prices materialize, You’ll be thinking about time frames in hours rather than days. You’ll hold paper just long enough to immediately spend it.
Stay away from this kind of hype. However, when a major global brokerage issues what amounts to be a serious statement regarding it’s fear of a possible market-stopping event, don’t ignore the hype.
I take this as a warning that stuff like this is going to become common place in the future. How do you think these things start?…They start stealthily. They come upon you like sheep and eventually roar like lions.
It’s the global events that shape the world we live in that keeps me going. Currency debasement, bond yields, elections, debt and wars are the things that shape your future and affect your decisions these days.
Stay informed about these and you’ll stay on the right track.
MarketBeat: Rampant Greek Election Speculation Drives Stocks Higher
June 14, 2012, 12:33 PM
Chatter of pro-bailout parties in Greece poised to claim victory in
this Sunday’s elections drove stocks sharply higher in Athens on
Thursday, and may even be contributing to the rally in the U.S. markets.
The Greece ATHEX Composite surged 10% amid “secret” opinion polls
suggesting the New Democracy party will be victorious, and a pro-bailout
government will be formed. Greek bank stocks rose 20%, even amid
widespread reports of depositors withdrawing even more funds.
Keep in mind no official polls are available to confirm the
speculation. They have been banned since the beginning of June. But for
now, speculation is all traders need to drive this market higher.
Also helping matters were comments from Deutsche Bank CFO Stefan
Krause, who earlier today suggested chances of Greece exiting the euro
zone are very unlikely. Should faith get restored that Greece will stay
in the euro and accept bailout and austerity measures, a booming stock
market rally could be on the horizon, he said. Here’s a dispatch from
Dow Jones’ Eyk Henning:
Optimism over Greece today has trumped all of the market’s other
worries. Spanish 10-year bond yields leapt over 7%, and remain in the
danger zone. Italy isn’t far behind.
In the U.S., jobless claims keep rising and consumer prices dropped.
There is plenty of bad news out there for investors to digest.
Yet for the moment, glimmers of hope seems to be all stock investors need. READ MORE