Trading ideas for the European session

Your daily thread to exchange trading ideas and thoughts 16 Oct Another week underway so what will you be hunting down this week ? Share your thoughts/positions here with the ForexLive community, and I wish you good trading as always. Copyright 2015

Germany Sept WPI mm 0.6% vs 0.3% prev

German Sept Wholesale Price Index data now out 16 Oct – yy 3.4% vs 3.2% prev Encouraging inflation news in the pipeline but a long way to go yet. EURUSD not impressed and has other more pressing political concerns in Austria, Germany and Spain. Back down to 11798 from 1.1810 and 1.1820 earlier in Asia where there seems to be a…

Bitcoin has gone parabolic again

Bitcoin up $1000 in two days This is what a parabolic chart looks like. It’s been a steady rise that’s gone absolutely insane. At the high of $5866 earlier today it was up $1000 in two days and it’s still up more than $800 in that time. Copyright 2015