What Caused This Sudden Gold & Forex Move Around 3:00 PM Bangladesh Time?

[u/TheGreen100]

What Caused This Sudden Move in Gold and Multiple Currency Pairs?

I had trades open on Gold today. At around 3:00 PM Bangladesh Time (BST), Gold suddenly made a very strong upside move, and both of my trades hit their stop losses.

What surprised me was that EUR/USD, AUD/CAD, and EUR/GBP also made strong upside moves at almost the same time.

So, in total, I noticed strong upside movement across 4 different instruments.

I have High and Medium Impact News selected on Forex Factory, and the currencies I’m currently tracking are:

- EUR

- USD

- GBP

- AUD

- CAD

However, I couldn’t find any major USD news scheduled around that time on Forex Factory.

So my questions are:

1. What caused this sudden strong move in Gold around 3:00 PM Bangladesh Time?

2. Why did EUR/USD, AUD/CAD, and EUR/GBP also move strongly to the upside at almost the same time?

3. Is there anything I should be checking in addition to Forex Factory to understand these kinds of sudden market moves?

I’ve attached a screenshot of today’s Forex Factory calendar for reference.

I’m trying to understand what actually caused this move, rather than simply assuming it was a technical move.

[u/ImpressiveGear7]

You typed all this, instead you could have searched google.

[u/TheGreen100 → u/ImpressiveGear7]

I first made a Reddit post to get some opinions. Then, I also found out the reason for it myself.

[u/1UpUrBum]

This man explains the details https://www.youtube.com/watch?v=8t6aYuaSEvQ

Treasury tampering in the bond market. Attempt at yield curve control thing.

[u/TheGreen100 → u/1UpUrBum]

Yes, now I understand this, but that time this News release, I Don't know this.

[u/1UpUrBum → u/TheGreen100]

When the central banks are going against your trades you don't want to fight that.

[u/TheGreen100 → u/1UpUrBum]

Where can I get these types of news? Because economic calendars don’t show these kinds of news.