Eurusd/gbpusd - page 1637

 

Did not see this one comming

Front running the core durable goods? Now I am curios what the numbers will be like. If they are too good, nothing have changed as far as data selling is concerned

 

Yep, it was front running @#$%^&*

Bloody nothing changed

 

That is algo trading "at its best"

Files:
algo.gif  26 kb
 
gta33:
EURUSD looking to confirm this week's breakdown. See key levels and targets.

Daily Forex Trading Outlook

Good analysis, we are targeting 1.3294 after we have seen some key level broken.

 

What key levels?

So far all that was done was done on psychological levels. Someone is counting on herd piling orders around round numbers

 
eurofreek:
What key levels? So far all that was done was done on psychological levels. Someone is counting on herd piling orders around round numbers

At least the ranges are starting to look like normal ranges

With a bit more intraday volatility it will be OK

 
nbtrading:
At least the ranges are starting to look like normal ranges With a bit more intraday volatility it will be OK

You are probably right : 0, 20 and 80 pips are levels that have been used for the last couple of months. It sure looks like algorithmic trading distating the levels for EURUSD now

 
searchingFX:
You are probably right : 0, 20 and 80 pips are levels that have been used for the last couple of months. It sure looks like algorithmic trading distating the levels for EURUSD now

Except that this time there was no last seconds big change on Friday. They did not need it now - this was a good week compared to previous weeks

 
eurofreek:
Except that this time there was no last seconds big change on Friday. They did not need it now - this was a good week compared to previous weeks

Some analysts are saying that now the traders are starting to shift back from stocks to forex - nobody believes any more that the eternal QE caused bubble can last for too long any more

 
nbtrading:
Some analysts are saying that now the traders are starting to shift back from stocks to forex - nobody believes any more that the eternal QE caused bubble can last for too long any more

Might be.

There is no obvious reason for raise of ranges. Holidays still on. If they are shifting back it can only get better