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MarketTicker Forums Read Message in NotSoBreakingPrice
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User Info Anyone notice the EUR/USD just went flat at 1.37? in forum [NotSoBreakingPrice]
Section321
Posts: 137
Incept: 2007-08-10
Green
Northern California
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Its been almost flat for 20 minutes.
Woodsman
Posts: 554
Incept: 2007-11-09
Green
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Bad quote feed maybe?
Section321
Posts: 137
Incept: 2007-08-10
Green
Northern California
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No, its moving around 1.37 but it keeps coming back. It looks like someone is fighting to keep it there.
Ramthebulls
Posts: 10860
Incept: 2007-09-24
Gold A True American Patriot!
Queens, NY
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FX almost never moves between 4 and 6 PM ET. None of the international banks (Japan/Hong Kong, London/Berlin, and NYC) are open. If you have no counterparties, you have no trade. FX is an illiquid market at these hours of the trading day, so flat trading is the norm, rather than the exception.

P.S. ... and it has been trading, just in a 5 or 10 pip range. Nothing too unusual for this time of evening.

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Umbrage is like love. No matter how much someone takes, there's always more for you to give.

Ramthebulls
Posts: 10860
Incept: 2007-09-24
Gold A True American Patriot!
Queens, NY
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It just went unflat. Something is up. 1.3675 and falling.

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Umbrage is like love. No matter how much someone takes, there's always more for you to give.
Ramthebulls
Posts: 10860
Incept: 2007-09-24
Gold A True American Patriot!
Queens, NY
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1.3650. Elevator goes up, elevator goes DOWN.

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Umbrage is like love. No matter how much someone takes, there's always more for you to give.
Etz
Posts: 13890
Incept: 2007-06-26
Silver
LA
Online
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inline

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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.

Section321
Posts: 137
Incept: 2007-08-10
Green
Northern California
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Thanks Ram. I hadn't noticed that before and it struck me as strange, but that makes sense. It certainly broke out after a while.
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