Currency Movement Discussions

[webregs]

Hi,

Can anyone recommend a site or forum that has intelligent discussion on currency moves, events or other related information. I often see currency movements that I can't see a driver for (I know that often there isn't a specific driver) and am looking for some debate or discussion around these events.

Thanks webby

[SteveHopwood]

Hi,

Can anyone recommend a site or forum that has intelligent discussion on currency moves, events or other related information. I often see currency movements that I can't see a driver for (I know that often there isn't a specific driver) and am looking for some debate or discussion around these events.

Thanks webby

My limited understanding of this is that large movements are driven by:

• 1) News events such as NFA.
  2) Central Bank intervention such as BOJ deciding the Yen is too strong/weak.
  3) Pending trades set by the big banks triggering.

The above can cause vast movements within minutes.

There are not likely to be extended-life forums about the above because these events are not of themselves extended. They simply happen. This statement comes with a strong Steve warning: I might be wrong - the extended life bit, I mean. 'They simply happen' is a no-brainer.