Chapter 6. Market Interventions
“The causes of events are ever more interesting than the events themselves.” | ||
| --Cicero | ||
A Tale of Two Market Interventions
On Friday, September 22, 2000, traders witnessed two major market interventions. One was intended to increase the foreign exchange value of the euro. The other was intended to decrease the price of oil. One was the result of collective action by a group of central banks. The other was a unilateral action by the U.S. government. One intervention came as a surprise to market participants. The other intervention was widely anticipated before it was announced. Both the actual intervention in the currency market and the anticipated intervention in the oil market impacted prices and volatility significantly. ...
Get Trading Catalysts: How Events Move Markets and Create Trading Opportunities now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
