The Olympic Spirit is alive in FX Markets. There are more than just a few similarities between what is happening in London and developments in global FX markets. Consider a few key characteristics and draw your own conclusion.
Reason #10: Foul play can lead to disqualification
London 2012: A Swiss and a Greek athlete sent home for racist tweets, other athletes leaving suddenly due to ‘illness’ that is rumored to be linked to doping
FX Markets: Google CFTC and enforcement or go here: http://www.cftc.gov/LawRegulation/Enforcement/EnforcementActions/index.htm
Reason #9: Audience participation
London 2012: In many venues, many seats are empty and emergency measures are in place to fill them
FX Markets: Semi-annual survey data for FX spot shows that here also, volumes are down in double-digit numbers in key arenas