Yes he did say that, but not until after the spike started.

EURUSD

Still some euros used as funding currency given Crude drop & this bang in eu...

EURUSD

Looks like some bearish dynamic pressure on 5m EU chart. I'm targeting 1.13. image

EURUSD

For any of you not following on Twitter, Lacker has been promoting his upcoming speech for about the last week (during the equities fall): Richmond Fed ‏@RichmondFed 14m14 minutes ago Jeffrey Lacker to speak on "The Case Against Further Delay" on ...

The Really Useless Thread

Hmmm, Thursday's GDP is the first revision to the initial preliminary number for Q2 (a second prelim number) & expectations are pretty high. Personally, I'm pretty wary of the impact at this stage absent a clear miss or hit in excess, as it is ...

The Really Useless Thread

It can be the same thing. For example, if you are willing to risk 1% of your account on every trade, then you use higher leverage when your stop is closer & less leverage when your stop is further. I think Andrew Mitchem (google forex trading coach) ...

EURUSD

Lockhart. url Like CNBC reported, he does not say September, so knee jerk reaction is dovish. He does say expects rate rise this year, but rises will be gradual. quote from his website: " Consistent with the picture of moderate growth, Lockhart ...

EURUSD

As we are heading into the last hour of equities regular trading, my thoughts are that few will want to hold their buys/or losers thru the close, which is why US equities are selling off. I'm expecting that to trigger more dollar weakness & EU up a ...

EURUSD

Great questions MissPips! I'm no macro fundie, but have been thinking about this for the last week. Here's my guess. You are right, it doesn't make sense....at first. But, there appears to be a change in your underlying factual background that ...

EURUSD

I'm still expecting another wave, although it may be weak, like a tiny wave 5 that gets truncated. Markets look to be adjusting to new price points & equities may just be closing a gap before continuing. I'm treading cautiously as I had closed all ...

The Really Useless Thread

Panic in markets is the main cause. Global growth concerns most recently had their fires fanned by China. Risk off then moved westward thru financial markets and currencies are reacting to the money flows; ie money is coming out of risk funding ...

EURUSD

Careful with EU shorts. Remember EU likes to take a last stab in direction of 1H trend before changing course. I'm still looking for longs, but just got stopped out BE after ABCD down completion at 1576.... if temp bottom here around 1562, then ...

EURUSD

Looks more like 1.18 today, but flat here, again. Just buy the dips if we get another one. Edit: spread is ugly here. Fire is burning money.

EURUSD

+10 Pharmor, move stop to BE quick before 9:30.

EURUSD

I don't know if this deserves much weight, but shorts on OANDA are starting to give up. Down 5%ish to 65% now.

EURUSD

I'm still looking for longs when there is an opening. Here's the reasoning: Do you really think US equities are going to start the day with a recovery? All weekend news was markets in turmoil.....next target 1.16x. but taking hit & runs only. Edit: ...

EURUSD

Update to my post yesterday on EU board. Should have posted here. Next target on EU is 1.1609, the 161% extension of 848-1214 leg. As I type, 1505 just broken, argh. Anyway, noteworthy for me that DOSC is officially in oversold on daily & weekly ...

The Really Useless Thread

Different strokes, but no that's a planning chart. Every line & fib has a purpose for me. Your mileage may vary. I do note that my targets have a high accuracy, just not the best timing, and not too good with reversals. I put the text targets of ...

EURUSD

That only follows if you are earning 136% more (for the same job). If your earnings are flat, then you have plenty to complain about, but if central banks maintain the same philosophy (inflation=good), it will fall on deaf ears.

EURUSD

OK thanks. And yes I knew the heavily weighted bit. Not apples to apples, but the same could be said of other weighted indexes, like SP500, etc, even moreso when those stock indexes change components over time, but people seem to use them ...

EURUSD