ECB Said Concerned On BBVA, UniCredit, BNP&#x2019;s Turkey Exposure: FT

they going to get turkey

Aug 10, 2018 12:24am

That much Emergency of the euro news is this ? break the 1500 levels very easily,Euro buyers panic due to world mkt uncertanity ,trade carefully because making profit in forex is easy,but Retain the profit is very very Tough task.

barkie

Aug 10, 2018 2:06am

Quoting Dr.Zain

Disliked

If the French, Italian and Spanish Banks are denomination with Turkish Lira , so what? does any one think Lira is not a strong and emerging Currency!!!

Ignored

Well it doesn't look like a strong currency does it !?

Micc23

Aug 10, 2018 1:31am

20 Comments here and NOBODY mentioned that USDTRY Gapped UP 400 Pips and had spreads up to 2000 PIPS!
Other TRY pairs, e.g EURTRY also moved.

Bakker

Aug 10, 2018 4:33am

Look at the weekly chart of eur, it's so obvious that it turned into a wave 5 down with last week's candle which broke sh/term ma's with a bang to end lower than the previous 6 candles. Also was last week's bar a thrust bar because it built up speed as it went down. Study your charts carefully, wait for the big trades.

Aug 11, 2018 6:03am

Quoting mazchaudhry

Disliked

Fake NEWS ,,,Turkish lira is not such strong asset that can cause trouble to Euro ( Combined currency of 26 nations ) ,,, Eur Usd is going up sooner . There are big players behind the scene .

Ignored

Why do the commercial members always get it wrong?

Aug 11, 2018 6:05am

Quoting Dr.Zain

Disliked

If the French, Italian and Spanish Banks are denomination with Turkish Lira , so what? does any one think Lira is not a strong and emerging Currency!!!

Ignored

No the Lira is NOT a strong and emerging currency. The French, Italian and Spanish banks made LARGE loans to Turkey to pay for building projects that the country can not afford. Now that interest rates are rising the Turkish government will not be able to pay back the banks and these loans will go bad - THAT will affect the EU banking sector, just like the bad loans the US made in 2008.

Aug 10, 2018 1:04am

Quoting kwokwok

Disliked

{quote} Its been bottled so long in that range .. and last 2 days its been pushing the bottom of it anyway... it really just needed an excuse to hit all those stops and boom down it goes question remains of this 'exposure' and what it could actually mean.. it could mean nothing.. it could mean turkey-apocalypse

Ignored

Maybe ,they utlize the ECB announcement for their Stop hunting within the Asian Session.

Tom81

Aug 10, 2018 5:13am — Edited

C'mon guys, stop dramatizing, it's just 105 pips daily drop in a summer time low liquidity environment. Probably just Draghi's attempt to lower euro rate as a warning to Trump that EU can hurt US exporters too, if it wants to. Nothing to write home about. Now, if EUR/USD price breaks 1.3500-1.4000 support area, we might be in for some deeper correction. Price is testing weekly 100 SMA right now.

I'm more worried that all major stock markets turned red just because some obscure ECB warning. It says a lot about current sentiment. Investors have become very itchy. What will happen when some really troubling news hits us?

kazachokings

Aug 10, 2018 12:17am

Quoting Starcraftmaz

Disliked

Is this the cause of eu drop?

Ignored

Fcuk Yeah. Niceeee

mazchaudhry

Aug 10, 2018 1:02am

Fake NEWS ,,,Turkish lira is not such strong asset that can cause trouble to Euro ( Combined currency of 26 nations ) ,,, Eur Usd is going up sooner . There are big players behind the scene .

Tony112

Aug 10, 2018 12:48am

seems like this news will be the catalyst of the end of everything... it's always like that in life... at the time you least expect it... and as random and irrelevant as it can be

MzansiObi

Aug 10, 2018 12:27am

Quoting Koop

Disliked

There is a drop in Gold , GBP, Aud. Across the board

Ignored

and i am short across the board with those pairs:-)

Aug 11, 2018 5:59am

Quoting Guest

Disliked

This means someone is catching large fish in troubled waters ...

Ignored

No, this means someone is catching large TURKEY...

silverau

Aug 10, 2018 12:20am

who is this @zerohedge? and where does the info that @zerohedge posts (regularly) come from???

kazachokings

Aug 10, 2018 1:21am

Whoever got on the train, congrats Fellas. This shit is free falling

. Thumbs up for 1.264

Epsilo

Aug 10, 2018 6:49am

YOU all miss the point of move DXY BREAKOUT of 95.50 was trying long time for that.
The news is after the fact

9jatrader

Aug 10, 2018 1:13am

AUDUSD also crashing. That is the correlation between EURUSD, Gold and AUDUSD

Aug 11, 2018 6:07am

Quoting Bakker

Disliked

Look at the weekly chart of eur, it's so obvious that it turned into a wave 5 down with last week's candle which broke sh/term ma's with a bang to end lower than the previous 6 candles. Also was last week's bar a thrust bar because it built up speed as it went down. Study your charts carefully, wait for the big trades.

Ignored

Thank You for a concise technical analysis - spot on!

Aug 10, 2018 12:51am

Quoting manahil

Disliked

i feel its fake news

Ignored

No ,its confirmd ,but too much of selling pressure & panic selling no one can expecting .

https://twitter.com/IGSquawk/status/1027790564861730816

interludebay

Aug 10, 2018 4:33am

Quoting mazchaudhry

Disliked

Fake NEWS ,,,Turkish lira is not such strong asset that can cause trouble to Euro ( Combined currency of 26 nations ) ,,, Eur Usd is going up sooner . There are big players behind the scene .

Ignored

Totally agree. As what I said before, there is something dodgy on the USD forecast as an example to Jobless Rate. The projection for the Jobless rate is too high and when the results come in, of course, it does look like positive because the result was a bit lower than the forecast. But if you will compare the previous month to the current, it is almost the same jobless rate or even more.

Talk about misleading people on data outcome....

I don't see any reason why all of a sudden the problem in Turkish Lira will have a big impact - yes Turkey owed two big banks in EU, but this is not really impacting the EU economy - Turkey still needs to pay at some point so why panic - they just need to enter into another agreement.

Lamplighter

Aug 10, 2018 5:40am

The trouble is when pressure is put on (ratcheting tariffs) something is going to give eventually. In relatively low volume markets volatility will indeed go up - whipsaws and false breaks a plenty. Size accordingly if not flat and move to higher timeframes. Outside of trend it's a wild ride.

kwokwok

Aug 10, 2018 12:56am

Quoting jegas

Disliked

{quote} No ,its confirmd ,but too much of selling pressure & panic selling no one can expecting . https://twitter.com/IGSquawk/status/1027790564861730816

Ignored

Its been bottled so long in that range .. and last 2 days its been pushing the bottom of it anyway... it really just needed an excuse to hit all those stops and boom down it goes

question remains of this 'exposure' and what it could actually mean.. it could mean nothing.. it could mean turkey-apocalypse

rodlogan

Aug 10, 2018 4:09am

Quoting Aussi

Disliked

{quote} nice little retrace

Ignored

.....you Bet!!!!!

rodlogan

Aug 10, 2018 4:13am

Quoting rodlogan

Disliked

{quote} .....you Bet!!!!!

Ignored

....up 284 pips already....

Tony112

Aug 10, 2018 12:26am

hi there, does any one know what is the annual salary of a chart monitor?

Tony112

Aug 10, 2018 12:34am

is wall street ever gonna recover?

Aussi

Aug 10, 2018 1:32am

Quoting Micc23

Disliked

20 Comments here and NOBODY mentioned that USDTRY Gapped UP 400 Pips and had spreads up to 2000 PIPS! Other TRY pairs, e.g EURTRY also moved.

Ignored

nice little retrace

Bakker

Aug 10, 2018 4:27am

Chf knock the $ down!!

Aug 11, 2018 11:28am

Thanks fxsport

Aug 10, 2018 1:52am

If the French, Italian and Spanish Banks are denomination with Turkish Lira , so what? does any one think Lira is not a strong and emerging Currency!!!

Koop

Aug 10, 2018 12:20am

There is a drop in Gold , GBP, Aud. Across the board

Aug 10, 2018 1:11am

Every one put the buy order & pending order of 1500 & SL of 1450 ,but this Big boys game in this ECB News to stop hunt within 1430 levels,if its Real their game they again start the fresh aggressive buy from the dips ,we will wait & see ,what will happen ?

harold1

Aug 10, 2018 12:27am

wew! that was fast! hahaha... is it late to add another short on EU?

Starcraftmaz

Aug 10, 2018 12:14am

Is this the cause of eu drop?

Ojiego

Aug 10, 2018 5:04am

Some guys are so hindsight biased you wouldn't imagine it! ....... smh.

althar

Aug 10, 2018 12:33am

FT stating the obvious.

Trader#83CF

Aug 10, 2018 12:20am

This means someone is catching large fish in troubled waters ...

Aug 10, 2018 12:22am

ty so much..

Aug 10, 2018 2:59am

Oh $ surges again

Aug 10, 2018 12:18am

Quoting Starcraftmaz

Disliked

Is this the cause of eu drop?

Ignored

Yes, I think so. What a surprising news though...

Aug 10, 2018 12:44am

crush more

Aug 10, 2018 12:46am

i feel its fake news

Trader#110F

Aug 10, 2018 12:48am

might be a false break..

saniamani

Aug 10, 2018 3:00am

I was in gbp buy expecting it 2 go up.bt messed up.can any1 tell wats goona happen next

Trader#3444

Aug 10, 2018 6:02am