Friday’s 6pm snail-speed reaction to Clinton/FBI news

Let’s take a quick look at the reaction of the financial markets when the new FBI investigation into Hillary Clinton’s emails was announced, which was just aftesnail-speedr 6pm London/UK time last Friday.

It’s very interesting because of the SNAIL PACE in which the market reacted.  Rather than an immediate bump/decline in price with reduced tail-off effect, prices moved up in an extremely gradual manner – which I don’t recall happening on a frequent basis.

Let’s have a look at the charts of the various forex pairs – EURUSD, GBPUSD and USDJPY.  Each of these charts show a slow, gradual, steady climb from one minute to the next, with barely zero retracement, and all in all, a healthy amount of pips.

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Away from the forex market, the S&P as well as Gold made similar steady moves on the 1M chart though the move in the S&P stopped after only 10-15 minutes.

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Ironically, a lot of the professional (and retail) traders based in London & Europe would be sinking pints of lager at the pub by 6pm on Friday and would have entirely missed this move.

Something like that really does look like a golden opportunity.  Bet big my friend!

The beautiful benefit of hindsight!

 

 

 

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One Response to Friday’s 6pm snail-speed reaction to Clinton/FBI news

  1. >Ironically, a lot of the professional (and retail) traders based in London & Europe would be sinking pints of lager at the pub by 6pm on Friday and would have entirely missed this move.

    Unless they were using automated algos. Just leave the computers running to catch the move and go enjoy the pub. Maybe monitor the running algo on your smartphone..

    Liked by 1 person

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