What news caused these moves on Nov 29th? | Forex Factory

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What news caused these moves on Nov 29th?

  • #1
  • First Post: Dec 4, 2012 6:33pm Dec 4, 2012 6:33pm
Both GDP and Unemployment Claims were USD negative and seemed to occur before these drops on the EUR. So what caused these two major drops?

Here are the news events for Nov. 29th:

http://www.forexfactory.com/index.php?day=nov29.2012
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Click to Enlarge Name: time.jpg Size: 91 KB
  • #2
  • Dec 4, 2012 8:32pm Dec 4, 2012 8:32pm
Quoting fxterrapin
Both GDP and Unemployment Claims were USD negative and seemed to occur before these drops on the EUR. So what caused these two major drops?

Here are the news events for Nov. 29th:

http://www.forexfactory.com/index.php?day=nov29.2012
john boehner had a press conference, IIRC

edit: actually, while he did speak that day, i dont think the time lines up correctly
Any prices quoted are futures
  • #3
  • Dec 4, 2012 9:41pm Dec 4, 2012 9:41pm
I was playing around with the charts on FF's Markets page.

If FF's breaking news cycle is any guide, this story ("Not Close To A Deal: Democratic Leadership Member")came out around the time of the first down-move.

This other breaking (Boehner's news conference) came out around the time of the second down-move.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #4
  • Dec 5, 2012 3:48am Dec 5, 2012 3:48am
I love this thread already.
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http://www.booksstore.info/polo/beaty.jpg
  • #5
  • Dec 5, 2012 2:36pm Dec 5, 2012 2:36pm
Date: Nov 29th 1944
Place: Jajce ( Bosnia)

I can bet that some traders here know what I'm talking about.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #6
  • Dec 6, 2012 2:00am Dec 6, 2012 2:00am
Your chart is at m5, if you can't see in the forest go above that. Take a look at D1 chart!
- can you see there it is needed a pullback to continue in uptrend? -for whatever news reason.
I want to buy PATIENCE
  • #7
  • Last Post: Dec 6, 2012 2:12am Dec 6, 2012 2:12am
Quoting fxterrapin
Both GDP and Unemployment Claims were USD negative and seemed to occur before these drops on the EUR. So what caused these two major drops?

Here are the news events for Nov. 29th:
John Boehner swallowed a June bug.

http://media.theweek.com/img/dir_008...o-hand.jpg?157
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