FOREX PRO Weekly January 02-06, 2012

[RahmanSL]

Well it's at 200k and the EUR/USD is spiking

 

[Triantus Shango]

i've got a -12 spread on the EURUSD!!!

 

[Triantus Shango]

and MT4 is not updating the charts!!!

 

[Triantus Shango]

damn! what's happening to my broker feed? i got negative spreads all across the board! you got that too?

 

[Triantus Shango]

it's bloody ugly. total lack of liquidity or something.... the rate jumps up and down sometimes by 30 pips in a sec!

 

[Triantus Shango]

this is the weirdest thing i have ever seen... all bids are higher than offers, sometimes by as much as 30+ pips on all majors and crosses. what the hell is going on? anyone else experiencing the same?

but the USDNOK is tighter than ever: 1 to 5 pips! unbelievable!

 

[Louis123321]

I have 2 0.1 buys at 1.2844.

Feeling wounded.

Euro should go up very soon though ........ based on technical analysis, but still this price action is pretty crazy..... Go up please.

 

[Triantus Shango]

i know the feeling.

 

[Louis123321]

^

Spreads are fine for me. 2 pips....

 

[RahmanSL]

Well, I have been busy trying to close my short positions on both EUR/USD & AUD/USD and having to resort to resetting TP at higer level....darn difficult to close manually. But mission accomplished...
=========================

The downward movement was due to good news coming from the US and so I don't think it has much bearing on technical indicators...will have to sit and wait for price action to settle down.