6E move at 4:45 AM PST?

Discussion in 'Trading' started by Lightweight, May 3, 2013.

  1. Anyone know why the Euro dropped a quarter of a cent at 4:45 AM PST, 45 minutes before NFP? Volume was pretty much flat for a few minutes before that time, and then 6k cars were traded within half a minute, which to me looks like some kind of news release. But there is nothing at that time on any Forex calendar I can find, and I don't see any key price point that was broken and could explain the move. Any theory on why that drop happened?
  2. i have no idea either. i mean it wasn't like it was a 25 pip gap move. looking at a small tick chart (233 or 333) it was just a bunch of red bars going down in a controlled manner.

    in general you should always check out forex factory for upcoming econ releases that could effect any pair you trade.