Eurusd/gbpusd - page 1734
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Level 1.2750 still holding (again). Since it was a long term support, it is easy to imagine that it will be a long term support again. It rests to see in the following period. Noticeable is that FEDs "talk it up" (or "verbal easing") actions coincide with the reach of that long term support level. It could be a coincidence, but if we remember that more than 50% of forex volume is controlled by just 5 banks, then it is easy to imagine that it is not happening as a result of a "random market" but as a result of some agreement
there are no coincidences in the money markets
The EUR/USD correction continues and it looks like it really might reach 1.2900 after it bounced back from the support level at 1.2700.
Level 1.2750 still holding (again). Since it was a long term support, it is easy to imagine that it will be a long term support again. It rests to see in the following period. Noticeable is that FEDs "talk it up" (or "verbal easing") actions coincide with the reach of that long term support level. It could be a coincidence, but if we remember that more than 50% of forex volume is controlled by just 5 banks, then it is easy to imagine that it is not happening as a result of a "random market" but as a result of some agreement
Hi
Thank you for the interesting analysis.
Have a great weekend.
there are no coincidences in the money markets
Janet recommended to the poor to eat cakes today. The last one that recommended that same thing finished with a head detached - coincidence?
Janet recommended to the poor to eat cakes today. The last one that recommended that same thing finished with a head detached - coincidence?
Only this time nothing is going to happen. The times when people were changing something are long gone. We are living in a world in which 5 banks are controlling the whole forex - mind blowing
:) Only this time nothing is going to happen. The times when people were changing something are long gone. We are living in a world in which 5 banks are controlling the whole forex - mind blowing
An article about those 5 banks controlling over 53% of forex already : Big Banks Grab 53 Percent of FX Market Share, Can Climb Higher . Might hlp to understand how the "trends" are made. See who are the largest participants and see what were those largest participants "predicting" in the last months
Also the full report that was the source for that article : Greenwich Report | Biggest FX Dealers Amassing Dominant Market Share
An article about those 5 banks controlling over 53% of forex already : Big Banks Grab 53 Percent of FX Market Share, Can Climb Higher . Might hlp to understand how the "trends" are made. See who are the largest participants and see what were those largest participants "predicting" in the last months Also the full report that was the source for that article : Greenwich Report | Biggest FX Dealers Amassing Dominant Market Share
It is worse than I thought. 5% difference in just 1 year. That means that those banks are controlling 60% right now
It is worse than I thought. 5% difference in just 1 year. That means that those banks are controlling 60% right now
Yes, I think so too
At least 60% - what if it is more? Wouldn't the market then look exactly like it looks like now (including the total lack of volatility in the summer)?
Long to short ratios before the market open :
No big changed in the EURUSD ratio
Small gap down - 1.2753 right now