Reaction to the election. | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

fibonacci levels - reaction and no reaction 9 replies

Delayed reaction of news events???? 4 replies

Systems and market reaction 4 replies

Opposite reaction of news 4 replies

Immediate market reaction on news are still the same ? 18 replies

Reaction to the election.

  • #21
  • Nov 8, 2006 8:31am Nov 8, 2006 8:31am
Quoting FXopportunist
I started this thread with the intention of talking about short term reaction which I failed to state.
Short term impact of the elections (just like any other news announcement).....$$$ strength resulting from quick spikes here and there. Prices then retrace.

Long term, look for FOMC interest rate reductions in Q1 (Jan - Mar 2007), particularly after disappointing Christmas sales, slower than expected housing sales (seasonally adjusted) and revisions to unemployment numbers. Dems will want to "get the economy moving again" shortly after the new year, thus adding to the clamor for lowered interest rates.
  • #22
  • Nov 8, 2006 9:21am Nov 8, 2006 9:21am
Quoting FXopportunist
another point of interest on the same topic is that gold is down 8 dollars already this a.m.
It bounced back 5 dollars. Maybe because of the movements of the dollar. According to S&P analysts, the long term outlook of gold is still positive (high demand and lower supply). And if the dollar will be weaker, gold will rise even more.

I think Moneymaster is right. The outlook for the dollar is dependent of what the market thinks that the fed will do, not these elections.
  • #23
  • Nov 8, 2006 10:25am Nov 8, 2006 10:25am
Well if you add money masters argument to mine, we have double the reason to be dollar bears in the new year. Hope the rest of the world agrees
Profit is where readiness meets Opportunity
  • #24
  • Nov 8, 2006 11:49am Nov 8, 2006 11:49am
Donald Rumsfeld resigning today???? Is it true??

Praise the Lord....and pass the ammunition!!!!
  • #25
  • Nov 8, 2006 4:56pm Nov 8, 2006 4:56pm
I don't know Money Ma$ter, ater hearing President Bush's Statement and question and answer period with the press today, I'm not sure how much D. Rumsfeld had in the decision!! Sounded like, " OK, Dems, you're in charge now so, what ever you want!!" Maybe I'm reading him (the Prez that is) wrong???? Hopefully???

ANYWAY!!!!!! Up until around 7am Tuesday, my trades on the GBP, EUR, and CHF were all going fine. Following the trend just like they should. Then, each pair took a dive into no-where land!! So, I think I'll wait a couple more days before I get back to my trend trades.

Elections! What a way to mess up a good direction!! Well, what was good direction.
  • #26
  • Nov 8, 2006 5:21pm Nov 8, 2006 5:21pm
Quoting mtcdavs
I don't know Money Ma$ter, ater hearing President Bush's Statement and question and answer period with the press today, I'm not sure how much D. Rumsfeld had in the decision!! Sounded like, " OK, Dems, you're in charge now so, what ever you want!!" Maybe I'm reading him (the Prez that is) wrong???? Hopefully???

ANYWAY!!!!!! Up until around 7am Tuesday, my trades on the GBP, EUR, and CHF were all going fine. Following the trend just like they should. Then, each pair took a dive into no-where land!! So, I think I'll wait a couple more days before I get back to my trend trades.

Elections! What a way to mess up a good direction!! Well, what was good direction.
That dive (USD BULL) was attributed to broker stop hunting. Whenever you hear that, you know it will rise up again.

I missed buying gbpusd at 1.9010 when it dipped that much... my earlier limit buy at 1.9040 was triggered and exited at 1.9060 for a small profit though (i dont place stops ).
  • #27
  • Nov 8, 2006 5:47pm Nov 8, 2006 5:47pm
Quoting BurgerKing
That dive (USD BULL) was attributed to broker stop hunting.
How do you know that? How do you know some investment firm didn't just place a 500 contract order?
Mr. Trend
  • #28
  • Edited 6:44pm Nov 8, 2006 6:24pm | Edited 6:44pm
Quoting Mr Trend
How do you know that? How do you know some investment firm didn't just place a 500 contract order?
i subscribed to a news service...

text deleted... out of topic and argumentative
  • #29
  • Nov 8, 2006 7:52pm Nov 8, 2006 7:52pm
It has just been announced that the Democrats won the US Senate also...But I think they are going to demand a recount since the win was under 1%...What does that mean for the dollar?
  • #30
  • Nov 8, 2006 8:05pm Nov 8, 2006 8:05pm
Means squadush. Watch the market now, then watch it during london time to get an overall understanding. Overall, i dont think it doesnt have much impact on how the dollar moves. Rather, once Allen does annouce it himself, it might have an affect, but i doubt it. I believe bigger players have an overall affect on how the dollar moves, such as the prez. But dont count on this being the golden ticket. Pick your battles when it comes to geo-political'ness. Now IF the gov, mostly Bush, does say that Iraq is in a civil war, which is pretty much is, then expect the dollar to drop big time, but i aint gamblin on that.

Intrest rates are the number one moves and indicators on how the dollar is going to fare off in the long run. Employment numbers are great indicators on how the month is going to be for the dollar. And central banks are the drivers of the car that deals with currency. If you really want to get technical, go read up on all the central bank notes of the currency you are trading or going to trade. Central bank notes are key to understanding on how things work in the long run. I personally hate reading such boring material, but when someone talks from central banks, i have to read, its essential for news traders!
  • #31
  • Nov 8, 2006 8:48pm Nov 8, 2006 8:48pm
Quoting hunter101
Means squadush!
hunter,

Great one-liner/sound-bite/politically correct phrase!!!

Sounds like a cross between CNBC's "Squawkbox" and an R&B singer named "Usher"!! Maybe we can short the "squadush" instead of the "loonie"!!!!

Obviously, I need to get some rest!!!
  • #32
  • Nov 8, 2006 9:31pm Nov 8, 2006 9:31pm
Something from FXCM's Squawk Box:
Quote
[IFR Forex Watch] [SQUAWK BOX]
[02:16 EUR/GBP: Talk Of Large GBP-Positive M&A Might Weigh] Sydney, November 9: A report in this morning"s UK Times states that ScottishPower is being lined up for a takeover bid believed to be from Spanish rival Iberdrola. The value of the bid is believed to be in the vicinity of 12 BLN GBP. Analysts feel that the GBP may also receive a boost from talk from US Democrats that they are considering a windfall oil tax. This would deter international investors and might result in rotation out of US oil companies into foreign oil companies. The UK market posses two of the biggest in BP and Shell and would benefit if the rotation took place. The EUR/GBP trades 0.6699/0.6702. [email protected]

Near/Mid term EURGBP Bearish
Mid/Long Term Term GBPUSD Bullish
  • #33
  • Nov 8, 2006 9:37pm Nov 8, 2006 9:37pm
Quoting BurgerKing
i subscribed to a news service...

text deleted... out of topic and argumentative
LOL. I'm seriously not trying to be argumentative. I just see a lot of people here, that are self-proclaimed news traders who, IMO, tend to "predict" too much, when there is no way they know which way the market is going to go. Hence, why even say it in a forum? Of course, I suppose if it bothers me, I can just ignore the post -- and I do do that... I just wanted to ask you because I figured you might not take offense...

Regardless, I was curious as to why you came up with that conclusion, and a news feed talking about rumors or anything is legit. God knows I've made some trades here and there with last minute, rumor on the wire news from folks like TTN...
Mr. Trend
  • #34
  • Nov 8, 2006 9:56pm Nov 8, 2006 9:56pm
Quoting Mr Trend
LOL. I'm seriously not trying to be argumentative. I just see a lot of people here, that are self-proclaimed news traders who, IMO, tend to "predict" too much, when there is no way they know which way the market is going to go. Hence, why even say it in a forum? Of course, I suppose if it bothers me, I can just ignore the post -- and I do do that... I just wanted to ask you because I figured you might not take offense...

Regardless, I was curious as to why you came up with that conclusion, and a news feed talking about rumors or anything is legit. God knows I've made some trades here and there with last minute, rumor on the wire news from folks like TTN...

The deleted text was not about the news service..

it was an argumentative political statement I said that is not concerned with the above news... you can ask FXOpportunist who have read and replied to it reminding me how "bad" my statement could be... that is why I deleted my statement and he deleted his post to keep this thread/forum "clean".
  • #35
  • Last Post: Nov 8, 2006 10:36pm Nov 8, 2006 10:36pm
Quoting BurgerKing
The deleted text was not about the news service..

it was an argumentative political statement I said that is not concerned with the above news... you can ask FXOpportunist who have read and replied to it reminding me how "bad" my statement could be... that is why I deleted my statement and he deleted his post to keep this thread/forum "clean".
Well darnit, now why did ya have to go and ruin the fun! :
Mr. Trend
0 traders viewing now