What cause the big move 20min ago? | Forex Factory

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What cause the big move 20min ago?

  • #1
  • First Post: Jan 22, 2008 12:52am Jan 22, 2008 12:52am
Hi guys,

The only news i see is related to swiss and that piece of news did not do much to the market. It is only after 15min more and then we see some big..extreme big move. for gbp..

any ideas why?
  • #2
  • Jan 22, 2008 12:55am Jan 22, 2008 12:55am
Quoting jayzee
Hi guys,

The only news i see is related to swiss and that piece of news did not do much to the market. It is only after 15min more and then we see some big..extreme big move. for gbp..

any ideas why?
Maybe coz I bought 100 lots , thats why the market moved.
  • #3
  • Jan 22, 2008 12:56am Jan 22, 2008 12:56am
Rumors of a coordinated rate cut hit the market...
  • #4
  • Jan 22, 2008 12:57am Jan 22, 2008 12:57am
newsrelease on the BOJ speech highlights is my guess. It all started about the same time.
  • #5
  • Jan 22, 2008 1:00am Jan 22, 2008 1:00am
Quoting edward77
Maybe coz I bought 100 lots , thats why the market moved.
and what makes you think that a measly 100 lots would even cause a dimple in the 4x?..............

you must be thinking of stocks.
  • #6
  • Jan 22, 2008 1:08am Jan 22, 2008 1:08am
thank god i had the stop loss on the short saved my bum.. but seriously what caused it.. any1 sure of the reason?
BECAUSE I CAN !
  • #7
  • Jan 22, 2008 1:21am Jan 22, 2008 1:21am
That was nuts, i caught a small retracement so that was nice.
  • #8
  • Jan 22, 2008 1:22am Jan 22, 2008 1:22am
Quoting YasirYar
thank god i had the stop loss on the short saved my bum.. but seriously what caused it.. any1 sure of the reason?
Rumors of a coordinated rate cut hit the market... <---
  • #9
  • Jan 22, 2008 1:29am Jan 22, 2008 1:29am
CABLE: Russian demand for sterling-yen along with strong demand from

the Mid East area cited for cable`s strong recovery the rate posting

recovery highs at $1.9453 from early European lows of $1.9338. Offers

were reported in place to $1.9450 earlier with one trader suggesting

that rate needs to clear $1.9455/60 to trigger stops. Next band of

resistance noted between $1.9480/85 ahead of $1.9500/10.
  • #10
  • Jan 22, 2008 1:32am Jan 22, 2008 1:32am
should be interesting when the U.S. markets open. Dow, Nasdaq and S&P futures are way way down, couple that with some panic selling and it will probably wipsaw like crazy.
  • #11
  • Jan 22, 2008 1:39am Jan 22, 2008 1:39am
my dubai and indian stock market are screwed. But thankgod i am in forex as well.
  • #12
  • Jan 22, 2008 1:47am Jan 22, 2008 1:47am
Also rumors that the investor in CitiBank will pull out and let Citi file for bankruptcy protection... lots of rumors flying this morning.
  • #13
  • Jan 22, 2008 2:10am Jan 22, 2008 2:10am
Quoting jayzee
Hi guys,

The only news i see is related to swiss and that piece of news did not do much to the market. It is only after 15min more and then we see some big..extreme big move. for gbp..

any ideas why?
not juz gdp only... other pair chart too.. that included nzd/usd too.. all big move during that particular time.. i almost jump of my chair seeing that...

i think all ppl that trade that time with other pair also feel it..
  • #14
  • Last Post: Jan 22, 2008 4:10am Jan 22, 2008 4:10am
Intall OANDA FX NEWS...all move of market they put in a free plataform...

Best Regards,
Marcelo Marques
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