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They can tell whatever fairy tail they want, but EURUSD is so out of volume that it is painful to watch when half a lot causes 5 pip change in price. Even I can pretend to be a market maker in this kind of market
HFT wars
Again they are stopping at exactly middle of the day range. You are probably right : usually that kind of a day close means no liquidity in the market (or false liquidity)
We are going to have interesting two days ahead of us. All signs are that a lot of positions have been closed. Which means that they are not sure what will happen. And when market makers are not sure what will happen usually what happens is no small
The GBPUSD tries to correct along with the EURUSD, lets see how high both pairs may go.
Well this is massive front running and a correction
All is within the expected values, but, at a moment, current daily candle is interesting : it is a classical pin bar. If it is a hint what is going to happen later in the day or not, we shall see
I have a feeling that today and tomorrow we shall see just one big whipsaw after the other and in the end it will all be back to where it started
EUR ECB's Mario Draghi will speak at the rate decision press conference later today and the non-farm payrolls are on Friday, so the market is expected to be pretty volatile for the rest of the week. We'll have to wait and see what the effect of these events will be
EUR ECB's Mario Draghi will speak at the rate decision press conference later today and the non-farm payrolls are on Friday, so the market is expected to be pretty volatile for the rest of the week. We'll have to wait and see what the effect of these events will be
It will be used for usual stop loss hunting and whipsawing - Draghi will not tell anything new, and NFP is rigged a long time ago, so all that market makers are going to do is to profit in both directions
So far nothing. Now if Draghi repeats his usual "all that is needed" then we shall see the circus
Taking all into consideration this change is close to nothing
All the volatility take out of forex.