Forex V6
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 Aug 9 2009, 01:30 PM
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#1
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Junior Member
61 posts Joined: May 2008  
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Quick question to experienced news traders:
Are these NFP reports which cause huge spikes in price movement only temporary, i.e., does the market usually retrace back to where it was before the news release. Good example would be GBP/YEN which moved a good 300+ pips within hours of the release last friday night. I'm banking on a retracement this coming week before any chance of the Pound strenghtening even further. Thoughts? |
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Sep 3 2009, 06:37 PM
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#2
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Junior Member
61 posts Joined: May 2008
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QUOTE(sleepwalker @ Sep 3 2009, 03:46 PM) Forget all the analysis.. only thing to do now is to short the USD/JPY all the way to the end of the year. what's going on tml 830pm? Is there another NFP release? Anyway, the market is going to be slow until tomorrow night at 830pm Malaysian time. That's when the fireworks begin and will throw all analysis out the window. For those who like to analysise, you can start again next week after Friday night. Whatever you analysise now, it'll all be for nothing tomorrow night.  is there a site which gives detailed info on these releases..? thx in advance. |
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