Sorry if newbie question but what do we mean by manipulated?
By whom, why, and how?
By whom, why, and how?
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Disliked{quote} I can say that it's manipulated without having to say that it's not me or that I can change it. This whole move down on the euro since last year on eurusd is manipulated as hell look at the monthly chart. not a single retracement really? It's a fuckin joke.Ignored
Dislikedand actually yes I do feel it's not a good idea to short to be honest because of how oversold it is. It has to be considered that it will pop up hard off of something at some point. It's like you're catching the end of a run.Ignored
Disliked{quote} Have you considered Justin that EUR current rate maybe still too expensive looking forward? You are viewing things from a 'look-back' perspective not 'look-forward' perspective(based on what is driving price and where it could eventually end up). Most find it difficult to have a 'look-forward' perspective because they don't understand properly the mechanics behind currency movements, the price drivers. RegardsIgnored
DislikedI wouldn't deny manipulation, as I wouldn't deny randomness and many other factors that I believe contribute to the markets.... You can't deny the existence of something recognized publicly: http://www.bloombergview.com/article...ou-can-t-teach http://www.ft.com/topics/themes/Forex_trading_probes http://www.cnbc.com/id/101482959# http://en.wikipedia.org/wiki/Forex_scandal This is pure manipulation by major banks and institution, made by employees chasing...Ignored
DislikedI wouldn't deny manipulation, as I wouldn't deny randomness and many other factors that I believe contribute to the markets.... You can't deny the existence of something recognized publicly: http://www.bloombergview.com/article...ou-can-t-teach http://www.ft.com/topics/themes/Forex_trading_probes http://www.cnbc.com/id/101482959# http://en.wikipedia.org/wiki/Forex_scandal This is pure manipulation by major banks and institution, made by employees chasing...Ignored
Disliked{quote} But surely isn't that just the nature of an auction market. If Bob who sells apples on his market stall, all of a sudden comes across a huge bumper crop, he then puts them all on his stall to sell before they rot, the price will inadvertently be driven down to get rid of them quick, and those other market traders next to him who also sell apples will find that the price they can sell for has dropped too. Bob has manipulated the market.Ignored
Disliked{quote} Dude, we are talking about a 1500 pip drop in the price of the EURUSD. It is not possible to manipulate that kind of move because there is no one single entity can. Even the 1 trillion of easing by the ECB is not capable of that kind of move. This move is the result of capital flow from all the big players moving their money out of the Euro into mostly dollar denominated assets. The manipulation that you cited is about rigging the benchmark overnight rate, nobody sitting in a bank can move the market 1500 pips lower... NOBODY. All the guys...Ignored