120-pt Spike in EUR/USD

Discussion in 'Forex Trading' started by Exchanges, Mar 16, 2006.

  1. Hey guys,

    EUR/USD consolidated for a few hours then at 8:30AM EST, a 120-pt move seemingly came out of thin air. What's up with that?

    I was handed 111-pips this morning free on my EUR/USD long trade when I logged into my forex account.

    Anyone else cash in?

    X
     
  2. Saddam on Trial.. Most likely.. He may have said something incriminating.
     
  3. esuperbo

    esuperbo

    Trading breakouts on the NY open has been kind to me this week...
     
  4. Good one! :D

    Exchanges, look into a little obscure economic release called the CPI, and core CPI. Just happened to come out at 8:30 am EST this morning, among a few other numbers.

    Also, you may want to search ET for the words "economic calendar" (select "Search titles only" button) and pick a calendar to review daily.
     
  5. It's a technical move, then?

    x
     
  6. do you use a stop ever ? imagine if you were short
    EUR going into an economic number that you had no idea was coming ... you would have woken up
    to a crushing loser

    :eek:
     
  7. Fundamental, not technical
     
  8. Ebo

    Ebo

    Whatever, even a stopped clock is right 2X a day.
     
  9. Exchanges, u should quit while you are ahead. It can only go down from here.
     
  10. You're right.

    What was I thinking of...?

    You think anything else had to do with it?

    x
     
    #10     Mar 16, 2006