OK, Someone 'splain this to me....
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Thread: OK, Someone 'splain this to me....

  1. #1
    VenomousDingo is offline Newbie
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    Default OK, Someone 'splain this to me....

    Why is there absolutely NO movement in the EUR/USD pair today? Looking at the 1m chart I can't see a candle in the past hour that's gone over a volume of 50 or so. Did I miss something or is this just the ultimate dead period?

  2. #2
    bobmaninc is offline FX-Men Honorary Member
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    Judging by my crappy chart looks like todays range is almost 40 pips. This is pretty low but giving alot of people probably are still out from the holiday so liquidity is just not something I would expect to much out of NY session
    If you do not help us noobs we will grow.

  3. #3
    VenomousDingo is offline Newbie
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    Yeah, pretty much 40 exactly. So far High is at 1.29838, Low at 1.29434, so 40.4 total. I'm used to slow Mondays but this seems exceptional. I know we just had Thanksgiving, and today is "Cyber Monday" but still, I expected a little more than this.

  4. #4
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    d-pip is offline FX-Men Honorary Member
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    The folks with the large bags of cash might be waiting on the sidelines and not placing big bets because of today’s Eurogroup meeting, the topic of the day is the Greek bailout.

  5. #5
    VenomousDingo is offline Newbie
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    Quote Originally Posted by d-pip View Post
    the topic of the day is the Greek bailout.
    You mean the non-event that is the Greek bailout?

    I'm seriously waiting for one of the news reports after these stupid meetings to say "Well, same as every other meeting for last 2 months NOTHING HAPPENED". But still my favorite was "unnamed source says Greece bailout has been finalized" Then 5 minutes later "Lagarde and Hollande say bailout still in progress, needs technical tweaking"... I mean seriously? These meetings are just a stupid joke at this point. And we all know Greece is going to do what it has to to get its bailout, and then go back on their word. It's pretty much exactly what's been happening for the past what? Two decades?

  6. #6
    bobmaninc is offline FX-Men Honorary Member
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    Big money has to slowly get there money in before letting the price soar. So the big question is do they have those bags of cash in place yet or not.
    KingKaivar likes this.
    If you do not help us noobs we will grow.

  7. #7
    FXRenegade is offline Newbie
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    The whole year has been crap where volotility is concerned. It's like the big players just decided to take the entire year off. Go back and look at some daily charts in 2010 and 2011. There are very few days where the price from open to close was less than 70 or 80 pips.

    Any day where price stays within 40 pips from London open to NY close is just a disgrace in my eyes. There should be a law.
    d-pip and OOPs like this.

  8. #8
    Hsiaowser is offline Newbie
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    I entered long at 1.2960. No movement today, extended weekend trading?

  9. #9
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    Tomorrow Europe will decide to provide Greece the new required funds to pay off debts. A bit like the fiscal cliff in the US. I think they are waiting for this. Three options to consider: Yes, it is given in full; Yes, it is given in trenches; No, you don't get it. In my opinion option 1 and 2 are most likely.

  10. #10
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    yunny1 is offline FX-Men Honorary Member
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    People should not be afraid of their governments. Governments should be afraid of their people.

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