120-pt Spike in EUR/USD

Discussion in 'Forex' 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?

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

  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

  7. Fundamental, not technical
  8. 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?

    #10     Mar 16, 2006