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We've already seen what kind of market we are trading nowadays.
Very bad US data and we have EURUSD down so far. Nice.
According to FX Engines, Consumer Confidence has a rating of 5 star, the maximum.
The quality of the trades is 88%
True Spikes: 69%
Reversals: 13%
Average High: 57 pips.
We've already seen what kind of market we are trading nowadays.
Very bad US data and we have EURUSD down so far. Nice.
According to FX Engines, Consumer Confidence has a rating of 5 star, the maximum.
The quality of the trades is 88%
True Spikes: 69%
Reversals: 13%
Average High: 57 pips.
Well, August, August... my friends.
Nina
are u a news trader or a technical trader ?
EURUSD was overbought, GBPUSD was extremely overbought, time for for them to have some rest
are u a news trader or a technical trader ?
EURUSD was overbought, GBPUSD was extremely overbought, time for for them to have some rest
Hi, Ziko!
Read this and then we talk about overbought and oversold.
Dollar Rebounds on Higher Inflation Expectation
Despite worse than expected consumer confidence, dollar rebound strongly in US session on increasing inflation expectation. Conference Board Consumer Confidence fell to 99.6, a nine-month low in Aug, much worse than expectation of a drop from 106.5 to 103.5. Prior reading was revised up to 107.0. However,. expectations for the inflation rate 12 months from now rose to 5.5% from 5.1%, slightly below this year's high of 5.6%. Focus now turns to FOMC Minutes.
Read this and then we talk about overbought and oversold.
Dollar Rebounds on Higher Inflation Expectation
Despite worse than expected consumer confidence, dollar rebound strongly in US session on increasing inflation expectation. Conference Board Consumer Confidence fell to 99.6, a nine-month low in Aug, much worse than expectation of a drop from 106.5 to 103.5. Prior reading was revised up to 107.0. However,. expectations for the inflation rate 12 months from now rose to 5.5% from 5.1%, slightly below this year's high of 5.6%. Focus now turns to FOMC Minutes.
Nina
u had a 150 pip move on GBPUSD from friday close on no news, what did u expect the consumer confidence will do to GBPUSD, another 100 pips up ??
u had a 150 pip move on GBPUSD from friday close on no news, what did u expect the consumer confidence will do to GBPUSD, another 100 pips up ??
Hi!
I do not expect nothing at all. As you talk about cable, how many time have you seen cable being extremely overbought and going up 200 pips more before a retrace?
They say that it went down because of "higher inflation expectation".
My question is: Hadn't that inflation numbers been there, where could we see cable now?
But, if you want me to be honest: cable went down because they (big money) sold it.
I do not expect nothing at all. As you talk about cable, how many time have you seen cable being extremely overbought and going up 200 pips more before a retrace?
They say that it went down because of "higher inflation expectation".
My question is: Hadn't that inflation numbers been there, where could we see cable now?
But, if you want me to be honest: cable went down because they (big money) sold it.
Yee, I have to agree with Nina on those 200 pips. Seen it too many time, just to avoid it!
Anyway, if you want to become successfull, just keep in mind all the things he says to you, and be happy he dedicated his time to explain to you!
soon new month and gosh im so tired of theese ranges in majors so i think soon we will get direction in the pairs to december month Big fishes get bonus in december so its time for them to establish positons again just my thinking
sailor
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