Any idea what happened few hours ago today at 21:25EST? EUR/USD gained nearly 100pips!!! GBP/JPY just got crazy. Was it a late night NFP report? :surprised
- #2
- Nov 6, 2007 9:12pm Nov 6, 2007 9:12pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #3
- Nov 6, 2007 9:26pm Nov 6, 2007 9:26pm
Sure was a crazy ride, not if anyone saw it coming but it worked out good for me and a few others I trade with. Either way, there is likely worse coming in the near future for the dollar...
Best of luck to everyone!
Best of luck to everyone!
- #4
- Nov 6, 2007 9:32pm Nov 6, 2007 9:32pm
- | Commercial User | Joined May 2007 | 7,687 Posts | Online Now
I always have trouble with what to do with this kind of comment. As you will notice it was a "Chinese Official" who made the comment.
And it was just that, an errant comment. For those of us not in the pits, this is a tough thing to catch. Impossible really.
Plus, you would have to think that common sense will prevail in the end. A retrace of the entire move wouldn't surprise me.
Panic traders. Hate 'em all.
Clockwork
And it was just that, an errant comment. For those of us not in the pits, this is a tough thing to catch. Impossible really.
Plus, you would have to think that common sense will prevail in the end. A retrace of the entire move wouldn't surprise me.
Panic traders. Hate 'em all.
Clockwork
- #5
- Last Post: Nov 6, 2007 9:36pm Nov 6, 2007 9:36pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
I always have trouble with what to do with this kind of comment...
Panic traders. Hate 'em all.
Clockwork
Just sayin' not a recommendation.
