Central Banks & Big Players

I do not like the cable movements at all. It is like slaughter house today. But Carney could pack a punch

I know, cable has seen its own fair share of ups and downs for no reason, I am not to fond of the pair, but it is a major...sigh...

H

Hi Friends any one using Pepperstone Razor here want to know feedback..

thanks in advance

I am using Pepperstone since three years. No big issues so far...

Thanks Claudius for quick reply , But i think they charge commision on trades and when we trf money thru card they also charge 3% good thing is their spread is min but during news it also increase which is with all the brokers.

You've prolly seen me on here all night or early morning but I fell asleep at my desk last night watching a UJ set and forget short term trade (not news trade) I was in move at the speed of smell during Asia and woke up at 10 am this morning with my target hit. Sorry you were stopped, glad to see better trading with just a % small loss. Much better, much easier to recover


Entry 1.51985 at 8:28 am est
Stopped 1.52132
Candle High at 8:29 am est 1.52087

Only needed 4.5 pips needed to stop you out on a pair with a normal average spread of roughly 2.5. Only a few pips of widening was needed to stop you on an illiquid cross pair during a high impact event with a tight stop like that.

There are always going to be differences in brokers spreads and slight differences in prices and chats. Not every broker uses the same banks for liquidity. Some brokers use one bank (lets say JP Morgan just for example) while others use several for a deeper liquidity pool ( Say JPM, Citi, BoA, Duetch, Saxo, etc...)



Me personally I prefer giving pairs like EURCAD a slightly wider berth... Actually I preffer a wider berth for everything lol. No news trading for me today. Plan to start tomorrow with the start of the new month... Let see if I'm the "April Fool" LOL.


My thoughts on news trading. EUR, GBP, US, AUD, NZD (CNY news for AUD) and Canada data releases (Not trading JPY data), Majors and Major crosses only.

E$, G$, A$, N$, UJ. EJ, GJ, CJ, AJ, NJ, UCad, UChf


Not trading speeches (let the algos slug it out over a couple words or slips of the tongue). Buy what in my opinion are stronger currencies vs weaker currencies (in the CAD release I would rather buy CADCHF or CADJPY before ever shorting EURCAD) which also would let me hit the buy button only, never having to use the sell button. Money seeks yield and any excuse to buy them, and what I consider stronger currencies generally have higher central bank interest rates than the ones I consider weak.

Strong - AUD, NZD, EUR, GBP
Weak - USD, JPY, CHF
Meh.... CAD, Never really cared much for trading CAD. Historically has been weaker currency than US even though interest rate is higher than most currently.

Just some food for thought. Y'all have fun, I'm gonna shut everything down and go play out in my shop on a beautiful sunny spring day.

I am in for Carney's speech, anybody joining?

Cheers

H

Can't seem to find anything about it. Think it was canceled.
Only "speech by Andrew Bailey" is mentioned in BoE site for today.

Geesh!!! Carney speaks and the market sleeps!!

And I thought he doesn't speak at all - charts are sleeping :nerd:
Off screen time,will be back on Chinese PMI and Aussie rate.

Guys what pair for CNY?

I am going AUDUSD for the time being, will see when the time comes what the lay of the land is...

As for Carney's speech (or lack thereof) ~ Blech ~

H

If you are trading only longs, I would go Aud/Jpy...but be careful as spreads at this hour tend to be quite high and even higher during a news event...

I see the confusion, there is the BOE of which Carney is the Governor...but he was giving a speech with the Financial Stability Board of which he is the chairman

https://www.financialstabilityboard..../pr_140324.htm

I'm with you HJ...The Aud is strong right now against most pairs...So best to go for a low spread at news time..

Guys, ready for news on aud pairs? Which pair will you trade,Tony? Some useful data : Pairs with minimum widening spread (Oanda data): Aud/Usd, Aud/Chf, Eur/Aud,Aud/Cad; Pairs with more volatility on attachment; Best luck

Sorry guys, but can someone explain to me why we trade AUD/USD on CNY news (Chinese Yuan)? Or send me a link where I can see what pairs are better traded for what news. I usually tend to stick to GDP, EUR, USD against each other depending on the news. And then today with CAD i was looking at USD/CAD GPB/CAD - which makes sense. But may be i am doing something wrong?

Australia imports are very related to china products thats why any impact on CNY has an effect on AUD.

http://www.forexfactory.com/showthre...78#post7359378

Aussie Exports

Weaker PMI data means China's manufacturing is slowing or contracting and that's bad for the Aussie and demand for their raw material exports like coal, iron ore, etc... Strong PMI data means China's manufacturing is growing or expanding and that's good for the Aussie and demand for their raw materials.