Eurusd/gbpusd - page 1856

 

It seems that the announcement of FOMC's rate decision tomorrow will tell us if price will continue moving up or back down.

 

Judging from all that happens, FED will be forced to tell "the good news". Otherwise everybody would start to speculate that what we all know (false data rigged by FED) is hiding something much bigger, and then SNB move would be like a breeze compared to what could happen

 
Abdul2012:
It seems that the announcement of FOMC's rate decision tomorrow will tell us if price will continue moving up or back down.

True, prices are settled just below 1.0600 before tomorrow FOMC's rate decision. The Federal Reserve is expected to remove the word 'patient' from its language at tomorrow’s statement.

 

I have afeeling that we shall have an interesting day tomorrow. All is set up for something like that. Including the lack of volume

 

The GBPUSD has found a good support at the 1.4700 level. If the dollar keeps rallying, we may see a breakdown of that level.

 

Good luck guys with the FOMC

With such a tight range it is bound to whipsaw

 
eurofreek:
Good luck guys with the FOMC With such a tight range it is bound to whipsaw

It is always like that on FOMC days - the price will change just in order to b changed. FOMC days always reminded me of gambling

 

Front running already started

 
eurofreek:
Front running already started

Nagh

That was not front running. It was simply algos doing their thing. Now they are dumping opened position (coming back to daily open price) and are waiting for HFT data bought by their bosses from Buffet & Co. so that they can front run that couple of seconds before we (retail traders) react

 
eurofreek:
Front running already started

Yep, front running has already started, eur/usd is trading a little above 1.0600 level, we can find the immediate resistance at 1.0628.