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  • Euro summit statement: the leaked draft

    From telegraph.co.uk

    Read Full Story at telegraph.co.uk

    Over the last three years, we have taken unprecedented steps to combat the effects of the world-wide financial crisis, both in the European Union as such and within the euro area. The strategy we have put into place encompasses determined efforts to ensure fiscal consolidation as well as growth, support to countries in difficulty, and a strengthening of euro area governance. At our 21 July meeting we took a set of major decisions. The ratification by all 17 Member States of the euro area of the measures related to the EFSF significantly strengthen our capacity to react to the crisis. The agreement on a ... (full story)

    • bidong

      66 posts
    • Its best to wait till after the summit before taking any major position in the FX market.....IMO

    • hkg_paul

      398 posts
    • Quoting bidong
      Its best to wait till after the summit before taking any major position in the FX market.....IMO
      be honest, it was range trading and you have to close the ears and eyes . Let them jump for you

    • Sanol

      40 posts
    • range trading till the summit...

    • hanifs

      81 posts
    • I think it's just robots trading at the moment, jumping from one headline to the next....

    • rodoid

      4 posts
    • When this will it end?...

    • mima

        2,477 posts
    • I dont think so it was leaked...It was given to market to stop EUR going down...

    • Lion777

      101 posts
    • Quoting hanifs
      I think it's just robots trading at the moment, jumping from one headline to the next....
      I think so...

    • gogax5

      53 posts
    • agree when Euro begins to fall some leaders come and try to keep Euro high at this moment best strategy is scalpingand no long possitions exept USD/JPY stop at 76.0 or EUR/CHF

    • Guest

      IP XX.XXX.34.145
    • 20 october 5 %:26:54 pm
      s&p report:france likely to lose aaa rating

    • FX Tsunami

        424 posts
    • The draft leaked because they actually wanted that to be leaked.

    • Hareii

        212 posts
    • Its called an 'controlled orderly release', just like they want a 'controlled orderly default'. Everything must be controlled, restricted, and banned if necessary. This is in the blood of every politicians and the current US administration is the best of them all in executing this.

    • AaronWard

        3,162 posts
    • Actually, I think it is called a "call my bluff" document.

    • trader1024

      17 posts
    • Why do traders have to care about news and summit ..robots or no robots ..there is a nice descending triangle on h1 on eurusd .waiting for 1.37 to break

    • AaronWard

        3,162 posts
    • Quoting trader1024
      Why do traders have to care about news and summit ..robots or no robots ..there is a nice descending triangle on h1 on eurusd .waiting for 1.37 to break
      This shows up as a very clear cut bullish flag on the daily chart... so what is it... Up or Down?

    • trader1024

      17 posts
    • yeah i agree even the weekly is turned bullish ..but h1 and h4 is bearish as long as the price stay below 1.38 ..probably down to 1.3550 to 1.3427 which is 50%-61.8% of the up move ..

    • angkasa

      1 posts
    • which summit -looks like there will be lots of summit until the mkt realises they r being conned & then IT will do what the Euro people are avoiding to do -euro shoots down

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