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- Vermillion commented Jul 27, 2015
Good job for all euro longs. I got stopped out of my short at 1.101 at break even. I'll probably wait a bit and see what's up. Can't tell for sure if this really is a "successful defence" of 1.1000 or just a spike preempted by certain market makers ...
EURUSD posts session highs after 1.1000 defence prevails
- Vermillion commented Jul 22, 2015
Obviously. The rate was exactly what we expected; common economics 101 states that the only real movers and shakers in the market are events that are not expected. Since the glorious era of telephones and instant communication, all events tend to ...
New Zealand Dollar Climbs Despite An RBNZ Rate Cut
- Vermillion commented Jul 22, 2015
Because it was widely expected-that's the problem. If it was UNEXPECTED further rate cut, then you'd see the NZD sink like a stone. Also, we still need to wait until we're a few hours into Tokyo session; often, after a big announcement like this ...
Official Cash Rate reduced to 3.0 percent
- Vermillion commented Jul 22, 2015
GBP/NZD is the most volatile cross involving major pairs. It's even more volatile than the infamous geppy (gbp/jpy). The gbp/nzd often massive spreads (up to 20pip+) at times. All in all, this is a normal day for the gbp/nzd. You're talking about a ...
Official Cash Rate reduced to 3.0 percent
- Vermillion commented Jul 22, 2015
Just bought the gbp/nzd on the MASSIVE spike down from the news. Order filled at 2.35200. Just bagged the equivalent of 100 USD pips in a single minute. Didn't even think it'd get filled, but hey-profit is profit. On a more serious note, I think ...
Official Cash Rate reduced to 3.0 percent
- Vermillion commented Jul 22, 2015
I hope many traders expected this, since we're essentially having the BOE (UK) and the Fed (USA) practically competing to hike rates. really, this was an expected surprise (yes, it's a tautology, but it seems to best describe the situation at hand) ...
BOE's Miles: The time to normalise policy is coming
- Vermillion commented Jul 16, 2015
Summary: Yes, the BOE (Bank of England) will raise interest rates soon, since the economy is picking up. Yes, there could be factors that affect the exact time of rate hike, and there are signs of inflation pressures. I.e. No need to hold punches ...
Carney: From Lincoln to Lothbury: Magna Carta and the Bank of England
- Vermillion commented Jul 14, 2015
Carney of Bank of England says that the time to raise interest rates is getting closer and closer. That's why the pound sterling spiked.
UK Inflation Report Hearings
- Vermillion commented Jul 10, 2015
About that...well, most of us DON'T trade the weekends, so our session ends on Friday. Honestly, this doesn't mean anything to us, except the massive spike it caused in the non-usd currencies. Good opprtunity to test a few shorts in my opinion, ...
EU official confirms no EU summit Sunday if Greece deal agreed at Eurogroup Saturday
- Vermillion commented Jul 8, 2015
Nice title, but could anyone have expected anything else? The EU dignitaries & ministers have made it plainly clear that a "no" vote will not be welcomed with a re-negotiation of debt payment plans in favor of Greece. Their statements to the media ...
EU Tells Tsipras the Party’s Over as Euro Exit Door Swings Open
- Vermillion commented Jul 7, 2015
Well, key EU nations like Italy and France desire a swift resolution (i.e. save Greece) for the Greek crisis. It's really Germany that's leading the main opposition, so this article was actually within expectations, but I wouldn't say that nations ...
French official bridge finance only possible with full program
- Vermillion commented Jul 7, 2015
*stares at my eur/usd long* *stares at the IMMENSE rise in eur/jpy* .....Remind me again WHY I didn't long the euro yen instead?
French official bridge finance only possible with full program
- Vermillion commented Jul 7, 2015
Not really. I don't trust providing any website with a link to my trading accounts, regardless of whether they "guarantee" safety or not. I don't take risks like that when it comes to my money, especially when said funds are used to provide me with ...
Greece requested EU7bn within next 48 hours, ANSA says
- Vermillion commented Jul 7, 2015
It's not that simple; by the time public knowledge comes to light that the leaks were false, the price often "fills" whatever temporary gap the leak causes and/or sends the entire currency pair in a tight range (especially on the start of trading ...
Greece requested EU7bn within next 48 hours, ANSA says
- Vermillion commented Jul 7, 2015
....Needs verification. I hate it when the news is first leaked via twitter. They sometimes end up to be false leaks, which makes trading annoying. Just launched a scalping long for the eur/usd. Probably get a couple dozen pips and leave; already ...
Greece requested EU7bn within next 48 hours, ANSA says
- Vermillion commented Jul 6, 2015
The removal of Varoufkis as minister is nothing more than a token olive branch offered by Tsipiras to help entice the IMF & EU back on the negotiating table. It's sort of like a "feel good" tactic. It hasn't actually addressed the issue of Tsipiras ...
Greek FM Varoufakis: Minister No More
- Vermillion commented Jul 1, 2015
No, foreign exchange is a market where rumours often influence markets, only to be corrected later on. We've had previous rumours about greek debt issues, only for them to be provven false and they caused 30~60pip movements before collapsing down. ...
Tsipras prepared to accept all bailout conditions - reports
- Vermillion commented Jul 1, 2015
We need confirmation from other sources. I don't use FT.com-question is, does anyone know for SURE they're reliable? My take profit margins were hit, and I simply reloaded my shorts with a 22 pip gain.
Tsipras prepared to accept all bailout conditions - reports
- Vermillion commented Jun 30, 2015
FINALLY. It's about fucking time. Now let's move onto the more important Greek referendum in July. Edit: Anyone trading the euro yen? I've been having fun going long on the weekend gap and shorting it from above. I usually don't trade it (i'm more ...
Greece's international bailout formally expires, country loses access to existing financing
- Vermillion commented Jun 30, 2015
Thanks. Much obliged. Couldn't check anything while I was away traveling, so catching up on news and dates were hectic.
Euro falls ahead of Greek IMF repayment deadline