Anyone notice the EUR/USD just went flat at 1.37? [NotSoBreakingPrice] - MarketTicker Forums


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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 Northern California	Its been almost flat for 20 minutes. 2011-11-01 16:37:03 Permalink
Woodsman Posts: 554 Incept: 2007-11-09	Bad quote feed maybe? 2011-11-01 16:38:48 Permalink
Section321 Posts: 137 Incept: 2007-08-10 Northern California	No, its moving around 1.37 but it keeps coming back. It looks like someone is fighting to keep it there. 2011-11-01 16:41:40 Permalink
Ramthebulls Posts: 10860 Incept: 2007-09-24 Queens, NY	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. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. Last modified: 2011-11-01 18:18:16 by ramthebulls 2011-11-01 18:17:43 Permalink
Ramthebulls Posts: 10860 Incept: 2007-09-24 Queens, NY	It just went unflat. Something is up. 1.3675 and falling. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. 2011-11-01 18:55:10 Permalink
Ramthebulls Posts: 10860 Incept: 2007-09-24 Queens, NY	1.3650. Elevator goes up, elevator goes DOWN. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. 2011-11-01 19:09:09 Permalink
Etz Posts: 13890 Incept: 2007-06-26 LA Online	---------- Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora. 2011-11-01 19:13:58 Permalink
Section321 Posts: 137 Incept: 2007-08-10 Northern California	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. 2011-11-01 19:44:10 Permalink