EURUSD, what just happened? | Forex Factory

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EURUSD, what just happened?

  • #1
  • First Post: Aug 27, 2009 11:37am Aug 27, 2009 11:37am
Did I miss something, why the did the Euro just rocket to the sky 140pips at great pace?
"I made all my money by selling too soon"
  • #2
  • Aug 27, 2009 11:51am Aug 27, 2009 11:51am
  •  L.j.
  • | Joined Aug 2009 | Status: B positive, its in my blood | 13 Posts
Forgot to put a stop on my short and lost half of my micro account...OUCH! Now let the rebuilding begin anew!
  • #3
  • Edited 11:55am Aug 27, 2009 11:53am | Edited 11:55am
You'll find the answer here:

http://www.bloomberg.com/apps/news?p...d=aznDZl.Tjhmo

Hope you made some pips!

Cheers

---------------------------------------------------------------------------

Life shrinks or expands in proportion to one's courage.

Anais Nin (1903-1977)
  • #4
  • Aug 27, 2009 12:03pm Aug 27, 2009 12:03pm
Yay! Good for my accounts.
  • #5
  • Aug 27, 2009 12:05pm Aug 27, 2009 12:05pm
Either traders thought it was going to be a lot worse, or they don't care because equities are in good shape. If that news piece was taken negatively by speculators then the DJI and S&P would tank, and the risk aversion associated with such an event would see USD appreciation if anything.

So, I don't know. But I did hear Bernanke's missus had her bag snatched from Starbuck's and someone has been interfering with his bank account. See, watching the news does occasionally throw up a little gem.
  • #6
  • Aug 27, 2009 12:05pm Aug 27, 2009 12:05pm
Unfortunately not! I completely missed that piece of news.

I had a position to short at 1.4357, target 1.4325.

At least I'm still up 70 pips this week, I only target 20-30 a day.
"I made all my money by selling too soon"
  • #7
  • Aug 27, 2009 12:16pm Aug 27, 2009 12:16pm
it was not good for me, because nothing was written about this news in the calendar here at ff.com. every other calendar shows this news. bloomberg, forbes etc. s**t happens. nothing is perfect. the next time i'll be smarter.
  • #8
  • Aug 27, 2009 12:17pm Aug 27, 2009 12:17pm
Hello there,
somewhat new to this!
I monitor news via this site, but are there other places that would have provided the clue?
  • #9
  • Aug 27, 2009 12:18pm Aug 27, 2009 12:18pm
That article was posted 3 hours ago, I highly doubt that's the reason.

Quoting Macca
You'll find the answer here:

http://www.bloomberg.com/apps/news?p...d=aznDZl.Tjhmo

Hope you made some pips!

Cheers

---------------------------------------------------------------------------

Life shrinks or expands in proportion to one's courage.

Anais Nin (1903-1977)
  • #10
  • Aug 27, 2009 1:38pm Aug 27, 2009 1:38pm
it was the 7-year note auction

Quote
Highlights
Today's $28 billion 7-year auction was well bid. Coverage was 2.74, well above the 2.48 average, with the high yield of 3.092 percent coming in 1/2 basis point below the 1:00 ET bid. Demand for Treasuries rose in reaction to the results.

Definition
Treasury notes are sold at regularly scheduled public auctions. The competitive bids at these auctions determine the interest rate paid on each Treasury note issue. A group of 17 securities dealers (as of June 18, 2009), known as primary dealers, are authorized and obligated to submit competitive...
  • #11
  • Aug 27, 2009 7:10pm Aug 27, 2009 7:10pm
The bulls have been gradually overpowering the bears within this trading range that has been apparent since May 2009. On August 19, the bulls severely cripled the bears ability to push down or their influence was disrupted & ever since have been much more influential than bears.

Bulls have great authority & influence when markets rise & repeatedly deny the bears from making visible progress & as a result, a buyer with a longer term viewpoint may not be willing to relinquish his position.
  • #12
  • Aug 28, 2009 2:01am Aug 28, 2009 2:01am
Quoting mayo367
[font=Arial][size=2]The bulls have been gradually overpowering the...
Where did you copy and paste that from?
"I made all my money by selling too soon"
  • #13
  • Aug 28, 2009 2:33am Aug 28, 2009 2:33am
The big jump corresponded with the Treasury's announcement on 7 years, which went very well, and resulted in a bit of a dip in interest rates on the 7 years. Lower interest rates may have helped to trigger the sudden fall in the dollar. Just my thoughts. If you got hurt, consider trading with stops!
  • #14
  • Aug 28, 2009 4:30am Aug 28, 2009 4:30am
Quote:

Originally Posted by Bleek

Where did you copy and paste that from?
________________________________________________


There was no copying & pasting done, I'm the author of those words, are you disappointed Bleek?
  • #15
  • Aug 28, 2009 7:29am Aug 28, 2009 7:29am
Quoting mayo367
Quote:

Originally Posted by Bleek

Where did you copy and paste that from?
________________________________________________


There was no copying & pasting done, I'm the author of those words, are you disappointed Bleek?
I'm disappointed by your inappropriate use of the ampersand.

Moreover, your post doesn't really add to the discussion insofar as it states the obvious and what we already know without dissecting the details that raised the original question.
"I made all my money by selling too soon"
  • #16
  • Last Post: Aug 28, 2009 8:49am Aug 28, 2009 8:49am
Quote:

Originally Posted by Bleek

I'm disappointed by your inappropriate use of the ampersand.

Moreover, your post doesn't really add to the discussion insofar as it states the obvious and what we already know without dissecting the details that raised the original question.
__________________________________________________________________________________________________


Nor did your comment contribute anything of value to this thread that was not known already either. I didn't know if you were trying to be sarcastic or if you were trying to insult me & that reply was my coping mechanism, now do you understand grasshopper?

And, i now suppose you've taken it upon yourself to be the police that enforces proper grammar in these forums, so it appears that we have an English major in our midst, funny indeed.
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