Eur/USD timing ??

B

BlueHorseshoe

Can anyone here shed some light on why the Euro seems to sell off like clockwork beginning almost exactly at 5:00 a.m EST lately?? I think that would be 9:00 am in London.

I mean, is there some event at that time that brings new traders into the market?

Thanks in advance.
 
Not sure if you already know this, but regularly scheduled, potentially market-moving economic releases in Europe, UK and Germany normally come out at 9:30, 10:00 or 10:30 am local time.

Check any of global economic calendars mentioned on ET from time to time. For example, this is what I use:

http://www.forexfactory.com/index.php?page=calendar

Incidentally, 5 am EST is 10 am in London.
 
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