In an effort to talk live about the FX market and answer questions about our programs we will be maintaining an FX chat on ET 24 hours a day 5 days a week. Just go to ET chat and come on in.
Well, it OK you are trying a new idea. In fact it's very fine. But I know it's very difficult to trade and make research while you are in a chatroom. Even writing to this thread while trading is not easy. But I wish you good luck with the chatroom!
"No speculator can be right all the time. In fact, if a speculator is correct half of the time he is hitting a good average. Even being right three or four times out of ten should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong".
14.30 GMT we will have some very important US numbers: GDP 1st revisions, jobless claims, personal consumption and - maybe the most important because of fear of inflation - core Price Deflator, PCE Index.. I April it was 0,2. But in March 0.4. Consensus is now 0.2. Greenspan will be watching this! Any surprises will move the market. Before that: 6.45 GMT France: Business Confidence and Production Outlook. 9,30 GMT UK: Consumer Confidence.
Hi Chaw, Please go to the new ET forex chatroom. As a newbie you will learn a lot (I hope) to see real traders trade live - and speak with them. P.S. I myself don't like chatrooms very much. But let's give this new room a chance!