mlawson71 posted: Don’t everyone expect an interest rate increase?
Of course there will be, I came across with this article https://i-trader.uk/interest-rates-2017/ about interest rates rise on 2017, saying Fed Chairwoman Janet Yellen pointed out the lack of change in major economic indicators as a reason the central bank’s withdrawal with the hike of its target for the federal funds rate, which influences other interest rates, to a range of between 0.5 and 0.75 percent from the current band of between 0.25 and 0.5 percent.
FED did actually promised 2 rates hike in 2015. They did one in very last month. So dont trust these info blindly.
togr posted: and within minutes EURUSD dropped 1000 pips
and from 1.06700 to 1.04700 so 2 000 pips... Wasnt it a bloodbath?
Well, 200 pips to be precise 😄 but 2000 pipettes 😉 This like that happen during news but for some careless traders it was a bloodbath I guess.
@RichardBills dear user without single account here on MFB EUR/USD continues to fall, makes fresh 14-year lows if this is not bloodbath what is it?
Sure, what I was saying is that this is how it goes, there are periods like that and now the pair is again rising. What I said was that in your example you are showing 200 pips difference, not 2000 pips 😄 So my point was just to give the precise calculation, not to argue whether it is a bloodbath or not.
@togr Talking about bloodbaths, I would like to refer also to what happened with the Dow Jones index around the US elections when the price moved by 1200 points within a single day - . Up and down, unpredictable historical movement. I personally would call this a bloodbath 😄