The bears went very quiet for the last 2 hours.
Mind you, I'm all too aware that it's all just a coin-toss which way price goes in the end, at least with my limited knowledge.
TRADE FOR SWAP
- #151,841
- Oct 13, 2009 12:55pm Oct 13, 2009 12:55pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #151,842
- Oct 13, 2009 12:57pm Oct 13, 2009 12:57pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #151,845
- Oct 13, 2009 1:01pm Oct 13, 2009 1:01pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #151,847
- Oct 13, 2009 1:04pm Oct 13, 2009 1:04pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #151,848
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- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #151,852
- Oct 13, 2009 1:12pm Oct 13, 2009 1:12pm
- | Joined Oct 2007 | Status: Trader | 1,236 Posts
"Timing Is Everything. Really I Swear It Is"
- #151,855
- Oct 13, 2009 1:14pm Oct 13, 2009 1:14pm
- | Joined Oct 2008 | Status: Behaviour changes often | 1,170 Posts
Looks like Kohn's speech provided a reality check.
Traders are smartasses
Thats the reason
Fed’s Kohn: Lower for longer
Written by Jamie Coleman
October 13, 2009 at 17:50 GMT
No V-shaped recovery, Kohn says. The economy will operate well below potential for some time and declines in inflation are a bigger risk than inflation for a while.Unemplyment could reach 10% by early 2010 and the recovery will be moderate, strengthening “some in 2010, he says.
While the comments were dovish, EUR/USD looks as though it saw a ghost at the 1.4860 level as prices quickly slumoed to 1.4805 where we trade now.
Fed’s Kohn: Lower for longer
Written by Jamie Coleman
October 13, 2009 at 17:50 GMT
No V-shaped recovery, Kohn says. The economy will operate well below potential for some time and declines in inflation are a bigger risk than inflation for a while.Unemplyment could reach 10% by early 2010 and the recovery will be moderate, strengthening “some in 2010, he says.
While the comments were dovish, EUR/USD looks as though it saw a ghost at the 1.4860 level as prices quickly slumoed to 1.4805 where we trade now.