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  • Euro summit statement: the leaked draft

    From 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 strong ... (full story)

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  • Post #1
  • Quote
  • Oct 20, 2011 9:37am Oct 20, 2011 9:37am
  •  bidong
  • | Joined Mar 2011 | Status: Member | 54 Comments
Its best to wait till after the summit before taking any major position in the FX market.....IMO
  • Post #2
  • Quote
  • Oct 20, 2011 9:59am Oct 20, 2011 9:59am
  •  hkg_paul
  • Joined May 2011 | Status: Member | 824 Comments
Quoting bidong
Disliked
Its best to wait till after the summit before taking any major position in the FX market.....IMO
Ignored
be honest, it was range trading and you have to close the ears and eyes . Let them jump for you
  • Post #3
  • Quote
  • Oct 20, 2011 10:13am Oct 20, 2011 10:13am
  •  Sanol
  • | Joined Apr 2011 | Status: Member | 40 Comments
range trading till the summit...
  • Post #4
  • Quote
  • Oct 20, 2011 10:20am Oct 20, 2011 10:20am
  •  hanifs
  • | Joined Jun 2011 | Status: Member | 81 Comments
I think it's just robots trading at the moment, jumping from one headline to the next....
  • Post #5
  • Quote
  • Oct 20, 2011 10:21am Oct 20, 2011 10:21am
  •  rodoid
  • | Joined Dec 2010 | Status: Member | 2 Comments
When this will it end?...
  • Post #6
  • Quote
  • Oct 20, 2011 10:46am Oct 20, 2011 10:46am
  •  mima
  • | Membership Revoked | Joined May 2008 | 966 Comments
I dont think so it was leaked...It was given to market to stop EUR going down...
  • Post #7
  • Quote
  • Oct 20, 2011 12:59pm Oct 20, 2011 12:59pm
  •  Aerton
  • | Joined Oct 2011 | Status: Member | 244 Comments
Let greece go
  • Post #8
  • Quote
  • Oct 20, 2011 4:44pm Oct 20, 2011 4:44pm
  •  Lion777
  • | Joined Oct 2011 | Status: Member | 101 Comments
Quoting hanifs
Disliked
I think it's just robots trading at the moment, jumping from one headline to the next....
Ignored
I think so...
  • Post #9
  • Quote
  • Oct 20, 2011 6:17pm Oct 20, 2011 6:17pm
  •  gogax5
  • | Joined Oct 2011 | Status: Member | 53 Comments
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
  • Post #10
  • Quote
  • Oct 20, 2011 8:08pm Oct 20, 2011 8:08pm
  •  Guest
  • | IP XX.XXX.34.145
20 october 5 %:26:54 pm
s&p report:france likely to lose aaa rating
  • Post #11
  • Quote
  • Oct 20, 2011 8:26pm Oct 20, 2011 8:26pm
  •  piptastic
  • | Joined Jun 2010 | Status: FXTRDR | 305 Comments
when is the summit?
  • Post #12
  • Quote
  • Oct 21, 2011 1:09am Oct 21, 2011 1:09am
  •  FX Tsunami
  • | Joined Oct 2011 | Status: Why so serious ??? | 9 Comments
The draft leaked because they actually wanted that to be leaked.
  • Post #13
  • Quote
  • Oct 21, 2011 1:58am Oct 21, 2011 1:58am
  •  Hareii
  • Joined Jun 2011 | Status: Member | 838 Comments
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.
  • Post #14
  • Quote
  • Oct 21, 2011 4:02am Oct 21, 2011 4:02am
  •  AaronWard
  • Joined Jun 2011 | Status: Chilling in Florida | 1,387 Comments
Actually, I think it is called a "call my bluff" document.
  • Post #15
  • Quote
  • Oct 21, 2011 4:09am Oct 21, 2011 4:09am
  •  trader1024
  • | Joined May 2007 | Status: Member | 3 Comments
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
  • Post #16
  • Quote
  • Oct 21, 2011 4:39am Oct 21, 2011 4:39am
  •  AaronWard
  • Joined Jun 2011 | Status: Chilling in Florida | 1,387 Comments
Quoting trader1024
Disliked
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
Ignored
This shows up as a very clear cut bullish flag on the daily chart... so what is it... Up or Down?
  • Post #17
  • Quote
  • Oct 21, 2011 4:58am Oct 21, 2011 4:58am
  •  trader1024
  • | Joined May 2007 | Status: Member | 3 Comments
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 ..
  • Post #18
  • Quote
  • Oct 22, 2011 5:56am Oct 22, 2011 5:56am
  •  angkasa
  • | Joined Oct 2011 | Status: Junior Member | 1 Comment
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
  •  Guest
  • | IP X.XXX.96.22
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  • Story Stats
  • Posted: Oct 20, 2011 9:32am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 18  /  Views: 7,402
  • Linked event:
    EUR EU Economic Summit
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