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Prior to launching ForexLive, Jamie Coleman spent nearly twelve years at Thomson Financial as managing analyst of the institutional forex product IFR Forex Watch. In 2007, he left the Forex Watch team to launch a retail forex-oriented site which became the popular Reuters FX Hub. FX Hub fell... More
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  • Lookout If These Lows Break 1 comment
    Sep 22, 2011 3:14 PM

    I hate to focus too much on stocks but it feels like the forex market is looking for some direction, especially commodity currencies. If the S&P 500 falls below the intraday lows, it’s going to fall hard. A similar decline in the Dow would mean the daily loss is +500 points and that’s the kind of number that sends retail investors into panic mode. There’s still time for a fake out but if the declines come in the final hour, they usually last until the closing bell.

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  • ahoffman01
    , contributor
    Comment (1) | Send Message
     
    this one is going to the bell.
    22 Sep 2011, 05:08 PM Reply Like
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