my opinion: i allready mentioned it. but around 3 oclock (GMT) today the US ISM stats came out. They were wayyyy below expected levels. Checkthe chart, a picture is worth a thousand words. Note at 3 oclock the huge break to the upside (dollar weakness). Also notice the break to the downside last night (post election), this is dollar stregth. So all last night the dollar was getting weaker untill NewYork open (starts off the day with a bad taste in everyones mouth). Then shortly after NY open, the ISM news out, send the dollar further down (and stock market too).
Just my opinion guys as to what happened (even though nothing has happened yet). We still have not seen a break to the upside or downside with the dollar, untill then... sideways we go.
In short, its both obama and ISM news' fault. I could detail out a little more, but ill shut my trap now
Originally Posted by Danny
my opinion: i allready mentioned it. but around 3 oclock (GMT) today the US ISM stats came out. They were wayyyy below expected levels. Checkthe chart, a picture is worth a thousand words. Note at 3 oclock the huge break to the upside (dollar weakness). Also notice the break to the downside last night (post election), this is dollar stregth. So all last night the dollar was getting weaker untill NewYork open (starts off the day with a bad taste in everyones mouth). Then shortly after NY open, the ISM news out, send the dollar further down (and stock market too).
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