- Search Forex Factory
- 30 Results
- indigo replied May 15, 2007
market does not always react in an expected way to news. for example if there is a strong bullish trend, then the market will tend to ignore the bearish news (and vice-versa). the key to knowing if the market is trending (or trend is ending) is ...
- indigo replied May 14, 2007
today's NY option expiries @ 1.9775 & 1.9710
- indigo replied May 6, 2007
The leadership election is an internal party decision, it is not a general election vote by the British public, and does not take place for several weeks. Gordan Brown was the one who announced that the BOE would be independant from the Goverment in ...
- indigo replied May 5, 2007
Actually it may come as a surprise that market sentiment appears to show 2 economists expecting no change, and only 1 (bear stearns) expecting a 0.5% hike to 6.0%....
- indigo replied May 4, 2007
sorry, that is indeed an error...you can buy gold futures in many countries. but i believe NYMEX & ECBOT (in the US) trade the largest volume, especially during US market hours... i for one don't know many brokers who will quote gold in anything but ...
- indigo replied May 4, 2007
hot money buying gold on the news. since you need dollars to buy gold (futures), the reaction in eur/usd & gbp/usd has been muted. maybe wait for the hot money to take profits in gold, before we see it moved back into the forex market?
- indigo replied May 4, 2007
NFP data is never inline, even if the headline is, the revision will not be, then there are the other components of the report, such as wage inflation, and jobless % rate. Market will overreact to something or another in this report.
- indigo replied May 4, 2007
based on ATR projections; 19720 (highly possible), 19660 (unlikely, but a 200+ move could see this a reality).
- indigo replied May 4, 2007
Dollar Index (June Futures) was showing a positive MACD divergence, so this could already be "the bottom". However we have a tripple bottom @ 81.10, and i would prefer to see a false break of this level for confirmation. image
- indigo replied May 4, 2007
maybe it's the NFP data that is not reliable? if NFP is the big maket mover, then it make more sense for the big boys to manipulate (make unreliable) this data than ADP, no? how many times (and by how much) have the previous months NFP data been ...
- indigo replied May 3, 2007
i think almost every forex reaction from NFP this year has been reversed in a day or two. imo, its a joke. a plug used by the big players to shake traders out of positions. beware if there is a big gap up/down and then just a narrow range for the ...
- indigo replied May 2, 2007
why so sure? US ADP employment report due before London close which could easily move cable 60 pips in a blink of an eye...
- indigo replied May 2, 2007
looks like an intraday bottom to me. $2.00 magnet in full effect!
- indigo replied May 2, 2007
1.9914 is a daily pivot 2nd support level, it's also a ST channel bottom as chart posted above shows, and 1.9911 is a 78.6% fibo level (27th april low - 1st may high). odds still favour the long side above 1.9900, imo.
- indigo replied May 1, 2007
"there's a time to be long, a time to be short and a time to go fishing." - Jesse Livermore.
- indigo replied May 1, 2007
"quite" holidays? — i've seen some huge crazy moves on so called "quite" holidays. remember the markets will be less liquid, and that makes it much easier for the big players to move the market around, which may mean more volitility. ...
- indigo replied Apr 30, 2007
2 week downtrend resistance (on 4 hour chart) hit @ 20030. we now have a huge technical setup in play. a break of today's range will be critical.
- indigo replied Apr 30, 2007
took profits @ 20020.
- indigo replied Apr 30, 2007
19970 — 19970 has been rejected 5 times in the last 24 hours. there must be lots of stops building up at this level. i would be very surprised not to see a breakout soon.... how it reacts above this level (launch pad?) will tell-the tell.
- indigo replied Apr 30, 2007
$2 is a magnet as i read here last week.... 2 day downtrend channel resistance was hit @ 19950 (ish). only 60pips between the bulls & bears...