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  • US industrial production rose less than expected in benchmark revisions

    From forexlive.com

    The Federal Reserve announces its annual benchmark revisions to industrial production: •June industrial production +0.2% vs +0.3% initially reported •Capacity utilization lowered to 77.8% from 78.4% •Those are some massive downward revisions to industrial production from 2012 through 2014. The numbers for 2015 also skew slightly lower.

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  • Comment #1
  • Quote
  • Jul 21, 2015 10:06am Jul 21, 2015 10:06am
  •  Dr.Zain
  • Joined Sep 2008 | Status: Member | 1472 Comments
Not mentioned in Economic Calendar!!
 
 
  • Comment #2
  • Quote
  • Jul 21, 2015 10:23am Jul 21, 2015 10:23am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
I agree and just got stitched up too.
 
 
  • Comment #3
  • Quote
  • Jul 21, 2015 10:24am Jul 21, 2015 10:24am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
Not fair...
 
 
  • Comment #4
  • Quote
  • Jul 21, 2015 10:24am Jul 21, 2015 10:24am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
Forex Factory, you owe me...
 
 
  • Comment #5
  • Quote
  • Jul 21, 2015 10:26am Jul 21, 2015 10:26am
  •  Beyfor
  • | Commercial Member | Joined Dec 2012 | 5 Comments
maybe there is no specific date to this revision.it is released once finished
 
 
  • Comment #6
  • Quote
  • Jul 21, 2015 10:30am Jul 21, 2015 10:30am
  •  fxx360
  • | Joined Dec 2011 | Status: Member | 908 Comments
The fcking overbought DXY ( sheep traders ) was not warranted on a .25% rate hike to come..... The US economy is next to sink and its called the inverse effect !!!
 
 
  • Comment #7
  • Quote
  • Jul 21, 2015 10:31am Jul 21, 2015 10:31am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
Thanks Forexlive for ruining my trading day.
 
 
  • Comment #8
  • Quote
  • Jul 21, 2015 10:35am Jul 21, 2015 10:35am
  •  Ojiego
  • | Joined Jan 2015 | Status: Critical Source | 1016 Comments
I had that "incline"? yesterday as the €/$ pair first went 30pip up only to retrace back to base of 1.0828 and even lower with a big drop to 1.0801. These moves were very strange but some Technique guys will say "price tested the low before spiking up". I would say SM went back to fill their books before this news is released!

I am still far from my target of 1.1083 though
 
 
  • Comment #9
  • Quote
  • Jul 21, 2015 10:36am Jul 21, 2015 10:36am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
They're all Con artists mate in my humble opinion.
 
 
  • Comment #10
  • Quote
  • Jul 21, 2015 10:54am Jul 21, 2015 10:54am
  •  Guest
  • | IP X.XX.108.109
strange rally
 
 
  • Comment #11
  • Quote
  • Jul 21, 2015 11:07am Jul 21, 2015 11:07am
  •  Martin.p
  • | Joined Feb 2010 | Status: Member | 13 Comments
I did not see this one coming just as well i had stops in place
 
 
  • Comment #12
  • Quote
  • Jul 21, 2015 11:10am Jul 21, 2015 11:10am
  •  4xmenza
  • | Commercial Member | Joined Aug 2014 | 66 Comments
this will not likely hold up here
Trade Safe
 
 
  • Comment #13
  • Quote
  • Jul 21, 2015 11:15am Jul 21, 2015 11:15am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
What next, will the USD rally?
 
 
  • Comment #14
  • Quote
  • Jul 21, 2015 11:16am Jul 21, 2015 11:16am
  •  DayTrader30
  • | Joined Apr 2011 | Status: Member | 221 Comments
Looks like end to usd rally.Trend reversing.
 
 
  • Comment #15
  • Quote
  • Jul 21, 2015 11:18am Jul 21, 2015 11:18am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
I had put all my energy into the USD today and it all went pair shape...
Lost a small fortune.
 
 
  • Comment #16
  • Quote
  • Jul 21, 2015 11:18am Jul 21, 2015 11:18am
  •  Martin.p
  • | Joined Feb 2010 | Status: Member | 13 Comments
Why was this Not mentioned in Economic Calendar it is relevant event ?
 
 
  • Comment #17
  • Quote
  • Jul 21, 2015 11:21am Jul 21, 2015 11:21am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
The first I knew is when I checked my Pairs (all USD linked) and notice a massive crash, I checked Forex Factory's News and saw what Forexlive had posted, they killed a lot of us traders. This News was not mentioned anywhere in my opinion...
 
 
  • Comment #18
  • Quote
  • Jul 21, 2015 11:24am Jul 21, 2015 11:24am
  •  wizlon32
  • Joined Jun 2015 | Status: Zen :-) | 13 Comments
http://www.dailyfx.com/calendar

it is mentioned here but it should be a low impact event
Indentify > Plan > Accept > Execute
 
 
  • Comment #19
  • Quote
  • Jul 21, 2015 11:26am Jul 21, 2015 11:26am
  •  Ojiego
  • | Joined Jan 2015 | Status: Critical Source | 1016 Comments
Quoting vincenzo123
Disliked
I had put all my energy into the USD today and it all went pair shape...
Lost a small fortune.
Ignored
Ciao vincenzo! Sorry for your losses. As you look at me now, I have changed strategy from a DayTrader to SwingTrader until my target is reached. In the meantime I trade with smaller accounts to keep myself busy <3
 
 
  • Comment #20
  • Quote
  • Jul 21, 2015 11:27am Jul 21, 2015 11:27am
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
You're right mate but as you state, LIE...
 
 
  • Comment #21
  • Quote
  • Jul 21, 2015 11:33am Jul 21, 2015 11:33am
  •  zax1150
  • | Joined Jul 2009 | Status: Member | 330 Comments
Quoting wizlon32
Disliked
http://www.dailyfx.com/calendar

it is mentioned here but it should be a low impact event
Ignored
Word of advice

search for multiple ec sites as the total picture is not available on one website, eg: fxpro/igindex/babypips & so on

that way you can build a more complete picture of the days actual events
please ignore the impact rating as these are placed there by the same morons that decide what event to list ......

FF is a prime example of a MM pandering site as so much is missing each day, with "sudden" updates from forexlive designed to sway the small trader....or just make them panic.....thereby closing a position in negative & giving the MM a good day....

these sites are run as a business please remember that ....
 
 
  • Comment #22
  • Quote
  • Jul 21, 2015 11:47am Jul 21, 2015 11:47am
  •  Guest
  • | IP XXX.XXX.216.83
The US numbers were reported...loved/hated...revisioned...loved/hated.

Life is humming along 'nicely' in the US...turn to Europe...masses of messes.

Rate is going up in US...in Europe and probably most parts of the world...say, Canada!!!...rates are going down.
Figure it out!

Have no fear!

Trade within your limits...opportunities are ample.
Best wishes.
 
 
  • Comment #23
  • Quote
  • Jul 21, 2015 1:53pm Jul 21, 2015 1:53pm
  •  vincenzo123
  • | Joined Apr 2015 | Status: Member | 38 Comments
Ok Guest,

As a newbie, what sites should we follow for up to date news please?
To be honest, this type of approach is totally unacceptable and will put off a lot of would be Forex Traders like I am having second doubts, why can't they be honest and let the market run itself without interfering.
To whoever does this sort of thing I say, go to hell please.
 
 
  • Comment #24
  • Quote
  • Edited 7:20pm Jul 21, 2015 5:18pm | Edited 7:20pm
  •  Manudatinh
  • | Joined Nov 2008 | Status: Member | 391 Comments
Quoting vincenzo123
Disliked
To whoever does this sort of thing I say, go to hell please.
Ignored
Do you think they know what hell is? 😎😎
 
 
  • New Comment
  •  Guest
  • | IP XX.XXX.165.64
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  • Story Stats
  • Posted: Jul 21, 2015 10:01am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 24  /  Views: 5,183
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