GBP/USD, strange behaviour 3 minutes before data release | Forex Factory

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GBP/USD, strange behaviour 3 minutes before data release

  • #1
  • First Post: Edited 12:04pm Sep 11, 2013 11:44am | Edited 12:04pm
Is this normal?

In my opinion somebody got the numbers faster
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  • #2
  • Sep 12, 2013 2:27am Sep 12, 2013 2:27am
Quoting Keyser Soze
Is this normal? In my opinion somebody got the numbers faster {image}
it is completely normal
  • #3
  • Sep 12, 2013 2:33am Sep 12, 2013 2:33am
Quoting Keyser Soze
Is this normal? In my opinion somebody got the numbers faster {image}

Obviously somebody has to have a number in order to release it....and you cant trust them and its foolish to think that everyone gets the news at the same time.
  • #4
  • Sep 12, 2013 2:33am Sep 12, 2013 2:33am
Quoting Keyser Soze
Is this normal? In my opinion somebody got the numbers faster {image}
some places get the data earlier, insider or etc.

And heard Thomson reuter subscribers get 1-2min earlier as well.
  • #5
  • Sep 22, 2013 2:43am Sep 22, 2013 2:43am
Here's another one, on XAU/USD, this time reported by zerohedge: http://www.zerohedge.com/news/2013-0...t-gold-traders
  • #6
  • Sep 22, 2013 2:45am Sep 22, 2013 2:45am
Quoting 5percent
{quote} some places get the data earlier, insider or etc. And heard Thomson reuter subscribers get 1-2min earlier as well.
If it's governmental data, it it released at the same time for everybody. Other data gathered and compiled by private companies is released 2 min earlier
  • #7
  • Sep 22, 2013 4:37pm Sep 22, 2013 4:37pm
Quoting MaxDoom
{quote} it is completely normal
That's what it looks like when liquidity is removed before a major data release. Spread widens and it looks like someone is buying a lot when really there are no willing sellers at that price anymore so the market moves up. There were 3 major releases at that time.

Contact your broker for more information. Oanda's spread went from 2.3 to 30.0 at this time.
  • #8
  • Sep 23, 2013 12:02am Sep 23, 2013 12:02am
Quoting EmeraldEyes
{quote}Oanda's spread went from 2.3 to 30.0 at this time.
You must be kidding me bro! well they used market themself like this:
Get ultra-tight spreads on every trade, regardless of account size or customer type.
  • #9
  • Last Post: Sep 23, 2013 12:15am Sep 23, 2013 12:15am
Quoting EmeraldEyes
{quote} That's what it looks like when liquidity is removed before a major data release. Spread widens and it looks like someone is buying a lot when really there are no willing sellers at that price anymore so the market moves up. There were 3 major releases at that time. Contact your broker for more information. Oanda's spread went from 2.3 to 30.0 at this time.
why are people still dealing with oanda the market maker? Its a US broker, anti-hedging, and us brokers have alot of regulations. There are so many better brokers out there from well-regulated countries as well with tight spreads and good execution.

Its very common, most times during high impact news i see 20 spreads on oanda, i see the same sometimes on GFT too and best part their spikes are often not in alignment with most brokers, they have their own quote and spikes which is different from most feeds, and that's why i have avoided market markers since. Such broker are not ideal if you are not swing trader with wider stop loss.

Intra-day and news trading is definitely not good at all.
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