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EurAnalysis

  • #64,381
  • Dec 31, 2012 8:59am Dec 31, 2012 8:59am
What's Next: The Good, Bad, And Ugly Of The 'Cliff'

Zerohedge: http://www.zerohedge.com/news/2012-1...and-ugly-cliff
Those who say it cannot be done should not interrupt those who are doing it
  • #64,382
  • Dec 31, 2012 9:02am Dec 31, 2012 9:02am
Okay. Most brokers are closed now. Happy New Year everyone.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,383
  • Dec 31, 2012 9:07am Dec 31, 2012 9:07am
Quoting PipTrapper
You now have 5 minutes to close or hedge your positions.

You've been warned.
USD//CAD dropped 60 pips in 1 minute
what happened?

A whole day's range for this pair in 1 minute. and then it moved right back up 40 pips.. huh
  • #64,384
  • Dec 31, 2012 9:16am Dec 31, 2012 9:16am
Happy New Years everyone! I'm looking forward to the next week of trading! Wanting to start 2013 off strong!
  • #64,385
  • Dec 31, 2012 9:20am Dec 31, 2012 9:20am
Quoting D2tz
USD//CAD dropped 60 pips in 1 minute
what happened?

A whole day's range for this pair in 1 minute. and then it moved right back up 40 pips.. huh
I can't fathom why such a move and correction would happen in the span on 5 minutes (tops)
  • #64,386
  • Dec 31, 2012 9:26am Dec 31, 2012 9:26am
Quoting D2tz
I can't fathom why such a move and correction would happen in the span on 5 minutes (tops)
and already retraced. ME/QE/YE fixings most likely.
Any prices quoted are futures
  • #64,387
  • Dec 31, 2012 9:28am Dec 31, 2012 9:28am
Quoting redteamgo
and already retraced. ME/QE/YE fixings most likely.
What is that you refer to?
It happened on the 1 minute candle @ noon sharp.
  • #64,388
  • Dec 31, 2012 9:35am Dec 31, 2012 9:35am
Quoting D2tz
What is that you refer to?
It happened on the 1 minute candle @ noon sharp.
month end, quarter end, year end

today is the last day of the calendar year. most firms are use the calendar year as their fiscal year. anything to be realized today against any cash fx pair will have a particularly large impact during times of such thin liquidity. the correction appears the way it does because sellers made a nice little dent in today's action before buyers could be step in and bid it back up. CAD$ has 1/3 of prorated daily volume compared to YTD daily avg

this is just my opinion but anything involving the USD is dangerous today. i'm simply sitting and waiting for the official word on whether or not sequestration happens and whether or not some half-assed deal occurs. its clear that a full deal is impossible today. the former could lead to risk off BIG TIME (reasons for which could occupy several dissertations on economics). possibly a limit down in equity futures
Any prices quoted are futures
  • #64,389
  • Dec 31, 2012 9:38am Dec 31, 2012 9:38am
Quoting redteamgo
month end, quarter end, year end

today is the last day of the calendar year. most firms are use the calendar year as their fiscal year. anything to be realized today against any cash fx pair will have a particularly large impact during times of such thin liquidity.

this is just my opinion but anything involving the USD is dangerous today. i'm simply sitting and waiting for the official word on whether or not sequestration happens and whether or not some half-assed deal occurs. its clear that a full deal is impossible today. the former...
Year end would explain it.
perhaps canadian corporations with USD liquidity will revert back to CAD. Thanks for the clarity.
  • #64,390
  • Dec 31, 2012 9:45am Dec 31, 2012 9:45am
today is the epitome of buy the rumor. huge rally today
Any prices quoted are futures
  • #64,391
  • Dec 31, 2012 10:01am Dec 31, 2012 10:01am
Quoting PipTrapper
You now have 5 minutes to close or hedge your positions.

You've been warned.
I've got quite a few open positions... Mostly EUR/AUD longs.

Woke up an hour late,
  • #64,392
  • Dec 31, 2012 10:09am Dec 31, 2012 10:09am
Quoting 100PipsADay
I've got quite a few open positions... Mostly EUR/AUD longs.

Woke up an hour late,
Let all the bad positions get cleaned ....

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-13.jpg Size: 62 KB
  • #64,393
  • Dec 31, 2012 10:16am Dec 31, 2012 10:16am
Quoting redteamgo
today is the epitome of buy the rumor. huge rally today
its literally madness in equities today

up and down 10 handles in a single 15m bar
Any prices quoted are futures
  • #64,394
  • Dec 31, 2012 10:20am Dec 31, 2012 10:20am
Quick Question: do the rates continue fluctuating over the next few days? Other sessions are still in play right?
What site keeps rates up to date until the 2nd?
  • #64,395
  • Dec 31, 2012 10:26am Dec 31, 2012 10:26am
Quoting rekon67
Let all the bad positions get cleaned ....

Attachment
Hopefully mine aren't BAD positions...
  • #64,396
  • Dec 31, 2012 10:27am Dec 31, 2012 10:27am
Quoting D2tz
Quick Question: do the rates continue fluctuating over the next few days? Other sessions are still in play right?
What site keeps rates up to date until the 2nd?
Exactly what I am wondering... Which site to check for up to date rates?
  • #64,397
  • Dec 31, 2012 10:46am Dec 31, 2012 10:46am
Quoting 100PipsADay
Exactly what I am wondering... Which site to check for up to date rates?
Hey, I think XE.Com keeps current rates.
Good luck and happy new year!
  • #64,398
  • Dec 31, 2012 10:48am Dec 31, 2012 10:48am
Quoting D2tz
Hey, I think XE.Com keeps current rates.
Good luck and happy new year!
Nice. I just loaded my YouTradeFx MT4 terminal and rates are moving.

AUD is falling pretty hard in the last 2 minutes or so

Thanks D2tz! Happy New Year to you as well.
  • #64,399
  • Dec 31, 2012 11:02am Dec 31, 2012 11:02am
My broker Trade Station in USA will remain open till 4:00 EST 22 GMT
Its been a great year and I look forward to be a contributor in 2012.
I will post my results from today when the day ends
Trading Consultants Inc JJG
  • #64,400
  • Dec 31, 2012 11:11am Dec 31, 2012 11:11am
Quoting Turtle Man
My broker Trade Station in USA will remain open till 4:00 EST 22 GMT
Its been a great year and I look forward to be a contributor in 2012.
I will post my results from today when the day ends
Hi Turtle. What do you have for USD/CAD currently pls?
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