Cuong Truong
(Cryptocurrency)
Členem od Feb 22, 2015
178 příspěvků
Feb 13 2017 at 18:23
USD consumer confidence is down and yet price of EUR/USD drop?
Shouldn't the EURO rise in price instead of a drop in price?
Shouldn't the EURO rise in price instead of a drop in price?
I trade Forex using my Bollinger Trend PRO mt4 indicator.
stian
Členem od Nov 14, 2015
325 příspěvků
Feb 13 2017 at 22:37
It was mainly democrats dragging the confidence down (while republicans stay around all time positive), Trump promise tax cuts and more deregulation witch is positive, Le Pen is dragging the euro down with her French exit from the eurozone. Eyes on Yellen who could build, or kill the march rate hike hopes.
USD did fall on the data too. about 0.4 on the dollar index, which is significant.
USD did fall on the data too. about 0.4 on the dollar index, which is significant.
vontogr
(togr)
Členem od Feb 22, 2011
4862 příspěvků
Feb 14 2017 at 07:17
Cryptocurrency posted:
USD consumer confidence is down and yet price of EUR/USD drop?
Shouldn't the EURO rise in price instead of a drop in price?
The event itself is not so volatile
Moreover there are many more events moving markets.
Dont forget it is EUR USD so you need events for EUR as well
16:00 USD Michigan Consumer Sentiment (Feb) 95.7 97.9 98.5
19:00 USD U.S. Baker Hughes Oil Rig Count 591 583
20:00 USD Federal Budget Balance (Jan) 51.0B 40.0B -28.0B
AlbertoCo
Členem od Aug 06, 2015
17 příspěvků
Feb 21 2017 at 07:20
Yes, analysing the price movement of a major pair is definitely very complex!

Feb 21 2017 at 07:57
It is surprising to see how political issues completely influence the market. And as the euro is affected by various factors, the euro is definitely not at its best.

Feb 23 2017 at 09:22
pgfritz posted:
It is surprising to see how political issues completely influence the market. And as the euro is affected by various factors, the euro is definitely not at its best.
Certainly the euro is not your best time, I agree with you pgfritz.. 😄
Tiffany
(TiffanyK)
Členem od Feb 12, 2016
427 příspěvků
Feb 23 2017 at 11:33
I think the EURUSD pair became even more unpredictable after Brexit, Elections, Trump… All these really major political changes led the pair to some big up and downs. You cannot always expect the currency to drop or rise because of certain major news. Just the pair to become more volatile. 😄
Accept the loss as experience
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