JonSnow's Blog

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Tough Luck!

It's had to trade on a day like this.
SNB's recent actions are still sending vicious ripples throughout the FOREX markets. Speculations as to the size of Euro-zone QE to be announced are popping in news and analysts offer very different scenarios what actually might happen on Thursday and after.
I fill like most majors are directionless today and it's hard to make sense where market is going. I lost quite a bit of money today, but hey - you can't always win.
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piter44 avatar
piter44 20 Jan

From my observations I see that sterling is gaining acrosss the board. Looking for long ;-)

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JonSnow 21 Jan

I see it revisiting 1.5050 level first - most likely around tomorrow's BoE event.

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Dark Days for EUR\USD Ahead.

The pair has been quickly depreciating on Wednesday, its fallout attributed partly to the Republican Party massive win in the US mid-term elections yesterday.
It briefly recovered to 1.2500 level post ADP data only to fall again to 1.2480 area.
Even Non-Manufacturing PMS which came at a less than expected reading(57.1) could not save EURO from farther declines.
Tomorrow's ECB Press Conference is likely to be a chaotic show on EUR\USD charts with spot revisiting 1.2370 - a level not seen in lon
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MobNaga 16 Nov

dark days!!

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