Quote:
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Originally Posted by currencia
Yes sir ree bob, the rate cut was already priced in wasn't it!!!!
That 425 point rise in the Djia at announcement time of the rate cut must have been attributable to something else that occurred at the same time.
Put this in bold type and post on your bulletin board please.
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lol, Currencia you make me laugh, yes I will certainly make sure I add the latest thoughts of Chairman Currencia to your growing presence on our bulletin board of 'retail forex traders famous quotes', it ranks right up there with "my broker told me my mini-account trades are STP with a bank", it's all just too funny or too sad, I'm not sure which.
How can I break this to you gently, umm, you're making yourself look pretty darn stoopid in front of your peers, if they can't see that then they're even dumber than you and I'm not sure that's possible! What I said in
this post was that a 100bp cut was more or less priced into the market. The Fed, in case you hadn't realized, cut by 75bp. I know it's advanced math for you but 75bp is
less than 100bp. Eur/Usd subsequently came off by over a cent.
Oh come on, you can't be serious about the stuff you're posting surely!
What makes it even funnier is you actually believe you're being smart with your remarks! I'd never realized until now just how challenged some of you retail forex daytraders really are, this has certainly been an education for me that's for sure
God, you couldn't make this stuff up!