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The wind is changing
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TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Nov 30 2016 at 16:53
Do you guys think that most of the pairs will go in the opposite direction during the NFP? It seems for now this will happen. Nothing sure, but I just want to be prepared when the fast movements start.

Accept the loss as experience
togr

Member Since Feb 22, 2011  4836 posts vontogr (togr) Dec 01 2016 at 08:21
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.

tormess

Member Since Jun 15, 2015  52 posts Torsten (tormess) Dec 01 2016 at 11:04
togr posted:
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.


Yes, I think it EURUSD may fall about 100 pips after the NFP if we see a better number announced.

olivia_jones

Member Since Sep 15, 2016  24 posts olivia_jones Dec 01 2016 at 12:44
EURUSD is range bound since there are a lot of uncertainties going on over Euro zone political stability. Moreover Italy referendum is also lined up and a rejection for proposed constitutional reforms can unleash confidence in the euro zone economy, which definitely can take euro down from its consolidation range. Right now, investors are just being sidelined, refrained to put any major positions before the major events. the recent short term rebound is just due to value buying in Euro and profit booking in USD and indeed if NFP comes better than expected it can test its psychological level of 1.05 again as Higher fed rate hike expectations can drive dollar in further bullish territory.

tradfred

Member Since Jul 13, 2016  36 posts Antonio (tradfred) Dec 13 2016 at 07:39
togr posted:
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.


If the market moves in both directions it could be, in a way, beneficial to investors?

Adribaasmet

Member Since Aug 27, 2017  861 posts Adribaasmet Apr 29 2018 at 06:36
tradfred posted:
togr posted:
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.


If the market moves in both directions it could be, in a way, beneficial to investors?


For the short term trader like, the scalpers; definitely, it is.

Gorh

Member Since Apr 16, 2018  16 posts Gorh May 01 2018 at 10:00
The wind of changes is blowing now on D1 on the several currency pairs. For example, let's look at the Aud usd and eur usd.






Attachments:

Gorh

Member Since Apr 16, 2018  16 posts Gorh May 01 2018 at 10:00
And AUD

Attachments:

togr

Member Since Feb 22, 2011  4836 posts vontogr (togr) May 01 2018 at 12:34
We will see what brings FOMC statement and NFP this week

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 May 02 2018 at 14:54
I forgot the they're this week, good thing you reminded me. Thanks for that. Let's hope there'll be more than whipsaws.

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EURUSD 1.19197 GBPUSD 1.33878
USDJPY 104.403 USDCAD 1.29948

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