eToro – Forex Trading Forum

[BlueinGreen]

Hi traders,

so far the beginning of the week EURUSD is pretty much on last Friday's level – trading around 1.47
looking at a daily EURUSD chart leads to the conclusion that there was not a single serious price rebound
since July's 22 dive. I really hope that non of you out there have tried to enter shorts on the dollar in that period of time – an important lesson would be - never try to stop a speeding train. (or a free-falling currency pair for that matter).

I think that traders will be more cautious to buy the dollar today ahead of tomorrow's Housing Start's report – this report might indicate where we are headed as far as the Fed and interest rates are going.
signs that the U.S housing slowdown is worsening might push us well above 1.48.

Today's main event


11:45pm NZD PPI Input q/q Forecast 2.6% Previous 2.3%


PPI Input = Change in the price of goods and raw materials purchased by manufacturers;
a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer.

Happy trading

[rickson7]

Is that crazy spike on the charts for real?
About 1700 pips in what seems like 10-20 mins?

NZD-USD

Thanks!