What caused the run-up in EURUSD at ~5:30a EST today? | Forex Factory

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What caused the run-up in EURUSD at ~5:30a EST today?

  • #1
  • First Post: Jan 10, 2018 5:09am Jan 10, 2018 5:09am
What caused the runup in the EurUsd ~5:30a EST today?

- John
  • #2
  • Jan 10, 2018 5:41am Jan 10, 2018 5:41am
Quoting organon1973
What caused the runup in the EurUsd ~5:30a EST today? - John
You joined this forum 7 years ago and you dont know answer to your question?

I AM IN AWE
  • #3
  • Jan 10, 2018 6:10am Jan 10, 2018 6:10am
I have the same question..i had 3 longs and took some pips...but I don't know exactly why )
  • #4
  • Jan 10, 2018 6:19am Jan 10, 2018 6:19am
Quoting AdiIonut
I have the same question..i had 3 longs and took some pips...but I don't know exactly why )
I partially excuse you, you joined several month ago

If your method allows you to profit from crashes, then why worry? Does it matter why it moved?

But if the answer matters to you, I whole hearty set you on the quest to find why this crash happened.
  • #5
  • Jan 10, 2018 6:36am Jan 10, 2018 6:36am
Even more funny, how many "traders" look in this thread for an explanation
  • #6
  • Jan 10, 2018 8:10am Jan 10, 2018 8:10am
Quoting organon1973
What caused the runup in the EurUsd ~5:30a EST today? - John
eurusd surge was dollar driven. dollar sold off on tax cuts news. similar moves across all dollar majors, thou most pronounced in euro
  • #7
  • Jan 10, 2018 8:13am Jan 10, 2018 8:13am
Quoting econbizer
{quote} eurusd surge was dollar driven. dollar sold off on tax cuts news. similar moves across all dollar majors, thou most pronounced in euro
dollar sold off on tax cuts news??? interesting

keep looking...
  • #8
  • Jan 10, 2018 8:20am Jan 10, 2018 8:20am
US dollars has been falling. So is yen.
Apparently there is news on Eur bond buying.
Technically Ive been waiting for it. The fall needs to take a breather.
You're going to pay a price for every bloody thing you do and don't do
  • #9
  • Jan 10, 2018 8:21am Jan 10, 2018 8:21am
Quoting newbietofx
US dollars has been falling. So is yen. Apparently there is news on Eur bond buying. Technically Ive been waiting for it. The fall needs to take a breather.
I dont think that is right either
  • #10
  • Jan 10, 2018 8:25am Jan 10, 2018 8:25am
China announced that it may reduce or stop, buying US Treasury's. There was a slight delay between the announcements and the reaction.
  • #11
  • Jan 10, 2018 8:26am Jan 10, 2018 8:26am
Quoting newbietofx
US dollars has been falling. So is yen. Apparently there is news on Eur bond buying. Technically Ive been waiting for it. The fall needs to take a breather.
What THIS has to do with yen falling or euro bond buying?

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  • #12
  • Jan 10, 2018 8:27am Jan 10, 2018 8:27am
Quoting GEfx
China announced that it may reduce or stop, buying US Treasury's. There was a slight delay between the announcements and the reaction.
exactly
  • #13
  • Jan 10, 2018 8:35am Jan 10, 2018 8:35am
Quoting organon1973
What caused the runup in the EurUsd ~5:30a EST today? - John
Fake news
  • #14
  • Jan 10, 2018 8:37am Jan 10, 2018 8:37am
To be honest, I dont have a clue and I dont care. I was short EURCAD and I noticed the strength of the CAD stalled and my thesis was no longer right. Maybe the bankers no longer believe the CAD will raise rates. woke up to a surge in the YEN which i didnt understand. Then a surge in EUR and CHF. I think its just accumulation for a bigger move or just cause and effect. One of those things we as retail traders cannot predict
  • #15
  • Jan 10, 2018 8:38am Jan 10, 2018 8:38am
https://www.cnbc.com/2018/01/10/chin...purchases.html
  • #16
  • Jan 10, 2018 8:39am Jan 10, 2018 8:39am
Quoting Pipfu
{quote} Fake news
Chinese, being owners of the longest wall in the world (physically and metaphorically), understand very well, that hiding behind a wall in a long term does not pay off.
  • #17
  • Jan 10, 2018 8:45am Jan 10, 2018 8:45am
You can find the answer literally on ff frontpage (hint: red news). Can't believe people are asking this really.
  • #18
  • Jan 10, 2018 10:26am Jan 10, 2018 10:26am
Price action....just kidding! Talking seriously, we don't need to know specifically why a price move took place. What we need to know is how to successfully trade the move.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #19
  • Edited Jan 12, 2018 12:45am Jan 11, 2018 12:52am | Edited Jan 12, 2018 12:45am
Quoting rosalieone
https://www.cnbc.com/2018/01/10/chin...purchases.html
Thanks for your info! Most constructive reply here. I mistook the news. Great info.. fundamentally rocky for dollar

add: seems like China halting bond purchases rumor was not the complete reason as well. euro surge was from ECB minutes, indicating they might harden the guidance for their policy settings
  • #20
  • Last Post: Jan 11, 2018 1:01am Jan 11, 2018 1:01am
people open thread to ask this kind of question?
you can ask this in any currency thread.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
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