Ever heard the saying 'no news is good news' well that certainly doesn't seem to apply in the world of forex!
Frank when you say equities panicked and demand for USD surged does that mean there was a sell off on wall st and the money put into buying usd as a safe haven? Sounds reasonable. If that's the case would that be a temp 24hr thing or will this price now 'hold'. Or will the demand for usd continue for a few days?
Obviously this pair has two sides so is there a european equivalent of NFP etc that has a similar effect on the pair?
Also when you mention the bulls stops being taken out is that observable in price action around certain levels or are we just reminding ourselves that is what's going on? I'm learning a lot from your threads here hope I can be of some help back. I'm no pro but been messing about for long enough to start making some pips in this game.
Frank when you say equities panicked and demand for USD surged does that mean there was a sell off on wall st and the money put into buying usd as a safe haven? Sounds reasonable. If that's the case would that be a temp 24hr thing or will this price now 'hold'. Or will the demand for usd continue for a few days?
Obviously this pair has two sides so is there a european equivalent of NFP etc that has a similar effect on the pair?
Also when you mention the bulls stops being taken out is that observable in price action around certain levels or are we just reminding ourselves that is what's going on? I'm learning a lot from your threads here hope I can be of some help back. I'm no pro but been messing about for long enough to start making some pips in this game.