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  • Statement by G-8 Leaders on the Global Economy

    From whitehouse.gov

    Read Full Story at whitehouse.gov

    Our imperative is to promote growth and jobs. The global economic recovery shows signs of promise, but significant headwinds persist. Against this background, we commit to take all necessary steps to strengthen and reinvigorate our economies and combat financial stresses, recognizing that the right measures are not the same for each of us. We welcome the ongoing discussion in Europe on how to generate growth, while maintaining a firm commitment to implement fiscal consolidation to be assessed on a structural basis. We agree on the importance of a strong and cohesive Eurozone for global stability ... (full story)

    • eliasahmar
      eliasahmar's Avatar

      104 posts
    • there should be a big gap tomorrow night

    • jonahky7

      4,531 posts
    • Just as expected, no new news just fartologies!

      At least no signs of the word CONTAGION

      Up yours Greek left party git!! Lol

    • PopatJunk

      60 posts
    • Quoting eliasahmar
      there should be a big gap tomorrow night
      big gap UP or DOWN????

    • jpivotto

      57 posts
    • why up ??
      "The likelihood of Greece leaving the euro is growing, correspondents say."
      I dont know , but the G-8 Meeting didnt say anything good for all .
      The same continues.

      I think Big Gap down and the down trend continues.

    • Henryfx

      19 posts
    • Theres likely going to be up gap, but one has to be careful cos the big merkel has not shown acceptace.

    • Guest

      IP XXX.XX.44.218
    • French Pres mentioned he will float the euro Bond idea that Merkel is against @ the EU summit. Possible gap Supe.

    • Guest

      IP XXX.XX.44.218
    • Possible gap up on sunday on Eurobond talk...

    • eliasahmar
      eliasahmar's Avatar

      104 posts
    • I think it's gonna be a big gap up, that's what happens after each G8 meetings, and then all traders will sell to close the gap and continue the down trend. don't forget that eurusd is extremely oversold and it hit a major support line on Friday.

    • Loadedgun

        2,924 posts
    • A single event will not determine the outcome of a trend. Notice that though traders attach a lot of importance to news - it is empirically established and fairly easy to appreciate - that news and fundamental releases are not predictors of direction (they tend to cancel each other out good news and bad news over a period of days even hours). The key is always order flow and the pattern of flow was affected this weekend - according to onanda (at least in the case of the Euro) much recycling took place. Now is the money coming back down or up? That is a tough question at this point and we will just have to wait and see. The longer term downturn in risk is not in doubt - but on the daily when the market opens Sunday we can determine pretty quickly what the COT for the day is and what that means for commitment to direction for most of next week - even then only probabilistically. The calls folks are now making should really wait for Sunday open if one is a day trader. Of course if one is position trading - nothing and absolutely nothing has changed at this point. The trend is down.

      PS: COT can be read by reading the close and open data relative to last bar.

    • Guest

      IP XXX.XX.158.86
    • Quoting Loadedgun
      A single event will not determine the outcome of a trend. Notice that though traders attach a lot of importance to news - it is empirically established and fairly easy to appreciate - that news and fundamental releases are not predictors of direction (they tend to cancel each other out good news and bad news over a period of days even hours). The key is always order flow and the pattern of flow was affected this weekend - according to onanda (at least in the case of the Euro) much recycling took place. Now is the money coming back down or up? That...
      In another article you said aud will rally, now why would the euro go down and aud to rally? Thanks

    • freddylek

      67 posts
    • Hi honorable guest loadedgun is not the price lol.... Sounds like u have a long position on aud.

    • Guest

      IP XXX.XXX.150.179
    • 'empirically established' ....wow my learned friend thou art an educated retailer!!...good luck, the gap will hurt though....long gold this week anyway, nothing else, good luck all.

    • Loadedgun

        2,924 posts
    • Quoting Guest
      In another article you said aud will rally, now why would the euro go down and aud to rally? Thanks
      Please point me to the post to which you refer, i.e. where I suggested AUD will "rally". I have said a bounce is possible and that such a bounce would be reactive. I do not recall suggesting at any point that AUD will "rally". LOL

    • benfuad13

      26 posts
    • Latest Polls: SYRIZA 28% – Eight-party parliament!"

    • billv

      649 posts
    • Quoting recidiviste
      at what time do you get first trading prices on your broker ?
      is it at 08.00 pm paris time on sunday ????
      For Paris I believe it is 11PM on Sunday
      http://www.learnforexfutures.com/For...orex_Hours.htm

    • Manipulator

      282 posts
    • Quoting Guest
      'empirically established' ....wow my learned friend thou art an educated retailer!!...good luck, the gap will hurt though....long gold this week anyway, nothing else, good luck all.
      He is absolutely educated and that is his edge - numeracy + literacy.

    • rigpa

      550 posts
    • Piffles, rubbish, bollocs. Nothing more....

    • Guest

      IP XXX.XXX.223.106
    • If greece departure is announced, on that day alone US dollar will lose 3 to 5 cents. It will be a good news and for all other countries in the Eurozone. G8 stated jobs, jobs and more jobs is their priority. What does that meant in reality? It means weaker US dollar for weeks to come. Note, not months, I said weeks. Enjoy the ride on the way up on EurUSd.
      Quoting jpivotto
      why up ??
      "The likelihood of Greece leaving the euro is growing, correspondents say."
      I dont know , but the G-8 Meeting didnt say anything good for all .
      The same continues.

      I think Big Gap down and the down trend continues.

    • Guest

      IP XXX.XXX.223.106
    • It will not. Big money follows interest rate directions. Where are Aud rates headed? You got your answer.
      Quoting Loadedgun
      Please point me to the post to which you refer, i.e. where I suggested AUD will "rally". I have said a bounce is possible and that such a bounce would be reactive. I do not recall suggesting at any point that AUD will "rally". LOL

    • Exodus
      Exodus's Avatar

      1,101 posts
    • Quoting Loadedgun
      ... The key is always order flow and the pattern of flow was affected this weekend - according to onanda (at least in the case of the Euro) much recycling took place. Now is the money coming back down or up? That is a tough question at this point and we will just have to wait and see. The longer term downturn in risk is not in doubt - but on the daily when the market opens Sunday we can determine pretty quickly what the COT for the day is and what that means for commitment to direction for most of next week - even then only probabilistically. The...
      Bigger London-city law firms are reporting that multi-national companies are finally taking seriously their exposure to fragmented or dispersed supply-chain risks. The result is that some are removing Euros from their cash balances 'just in case'. Siemens (iirc) has acquired a bank licence so that it can get better access to money transfer and whatever other instruments it desires to protect its business position. While this belief or way of thinking remains intact then the Euro will continue to feel the downward pressure.

      The best thing that can happen, imho, is for Greece to come to a firm position about what will happen in the coming year(s); either perform Grexit or sort its loan arrangements with ECB/EFSF/IMF. Then we can all worry about Italy.

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