Looking at what was said and from most comments, did most of you get wiped out? It was such collection of one-sided views that I couldn't help but think of some of you here a few times today. I didn't expect anything like that but some of the people here were way too focused on technical charts and patters that couldn't help it. When you have a major central bank in a QE who cares about technical info?
And whoever says don't trade news, is plainly stupid. A major central bank, ie a G3 CB, is THE news, the QE and the market in many instances. In an artificial world where both equities and bonds move in the same direction, where you have massive correlations ignoring a change in markets, means you gonna get caught in whatever it is, a tantrum, a position reallocation or whatever. I just don't get the current spat of massive text book-like volatility either, but for sure relying on technical analysis alone, I don't get that either.
Reading the above messages,trading the news is risky business,its certainly not for beginners,I ignore the first 10 minutes at least until a trend starts,I would have been wiped out otherwise by the spike down.I know professional traders who will not trade the news,they stick to a steady income over time and they are certainly not stupid! as for technical's around major releases is a waste of time,the mood moves the direction until that mood changes.Asia markets push the euro higher on the opening,next year is going to be a roller coaster ride.
On Thursday session the euro recorded significant gains against the dollar as the intraday erased most of November’s losses. The euro retained its growth today against other major currencies after yesterday recorded its biggest one-day rise of nearly seven years amid weaker than expected stimulus from the ECB.
Where prices will go next is irrelevant when trading price bar formation. You trade what you see on the charts (that's the rule) - and not what you or others' think. That's why we don't bother guessing where prices will possibly be in 6 months from now.
But consider this...
The USD, CAD & Mexican Peso will disappear from the face of the earth, and will be replaced by a new currency, called the 'AMERO'. This could happen pretty soon, potentially before the end of Obama's term. And he's got less the 12 months left. When looking at the DJIA long/term charts, chances are that this may be the beginning of a massive and extended down-turn - below 10,000 - over the next 12 to 24 months. This would extremely weaken the USD - a perfect opportunity to make the $$ disappear for good.
And a new game shall begin... EUR/AMERO/YEN/CNY
The EUR still has a couple of open GAPs at around 1.2000
Yesterday the made a massive rally of 321 pips and closed near the high of the day although shy below the 50-day moving average after the European Central Bank disappointing high market expectations for greater stimulus.
Today we will have the non-farm payrolls and unemployment rate in the US, also being another market mover.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1078 (resistance), the 50-day moving average at 1.0931 (resistance), 1.0900 (Support) and 1.0819 (support).
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Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.