High volatility, fireworks accompanying BOJ policy statements these days must be a new trend. Calm and efficient are not words to describe.
Hang Seng Index is parked at a major support just in time for a high impact trading news from FOMC tonight. This is a common ‘killer setup’ that could spike both bull and bear stop-loss orders alike.
Some random observations of FT100 5-minute chart, USDCAD week – week trend and SATS, a bright spot listed on the Singapore stock exchange.
Look at volatility from BOJ monetary policy on 18 December 2015 which turns out to be shocker. USDJPY, N225 initially rally, then falls. BOJ to buy ETFs.
Spikes reveal effective price levels market participants look at as well as maximum power of bulls, bears. We look at spikes in EURAUD, GBPNZD and AUDNZD.
Forex slippage is one reason traders encounter heavy unexpected losses. If you encounter slippage regularly you may have a bad broker.
High impact news-driven price spikes are a wealth of information. Closing price shows effective levels, tails print maximum bull-bear power.