120-pt Spike in EUR/USD

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

 

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

 

Trading breakouts on the NY open has been kind to me this week...

 

Good one!

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.

 

It's a technical move, then?

x

 

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:

 

Fundamental, not technical

 

Whatever, even a stopped clock is right 2X a day.

 

Exchanges, u should quit while you are ahead. It can only go down from here.

 

You're right.

What was I thinking of...?

You think anything else had to do with it?

x