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  • Federal Reserve Press Release

    From federalreserve.gov

    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity. These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the ... (full story)

What a day !
cool !!!
so the whole idea here is that the Fed now lends USD to foreign governments at a lower rate?
  •  Guest
  • | IP XX.XXX.186.65
Nice way to end a good month.
The Intervention it cost money for the traders
Why they don’t do it in some dead hours ???
Or at least why they don’t inform us ???
Now is the middle of the European session !!!!!!
It is F……. unfair
  •  Guest
  • | IP XX.XX.19.170
That is what happens, when people work together.
  •  Guest
  • | IP XXX.XXX.157.200
Western governments will do and say anything to help dig themselves out of their excessive spending, borrowing and printing of money
  •  Guest
  • | IP XXX.XXX.17.238
what does this mean for the Euro/USD? positive?
Let's think about this. At the end of the day, politicians and banksters will do anything, including the current ponzi scheme to save their skins. In a nutshell, Eurozone is the bitch here. It doesn't mind being shafted with higher currency. The US is determined to keep USD down. Win, win situation for all for now!
Looks like a shorting opportunity at a better price on the EUR/USD. Still it's not fair for traders
Jesus my Lord
Can somebody tell me whats goin to be the end result?
  •  Guest
  • | IP XX.XXX.226.253
Meanwhile, any trader who was short the Euro is now negative to the tune of about 150 pips.
  •  Guest
  • | IP XXX.XX.21.64
can somebody please explain why, as a result of the joint announcement, the USD has become so weak, and fell like hell against most majors ?
Also, did you notice how quiet the EUR/USD trade was over the last 2 days? The banksters and their hedgefund counterparts knew an announcement was imminent. Hence they programmed their algos to react to such a news when it happened. I was long so did not affect me adversely, but I am sure a lot of retail shorts have blown their accounts today.
These fools don't know what they're doing. Has it ever cross their mind what effect this might have on the ordinary business who need to take forward cover on international transactions. And even big importers and exporters. Did they warned them beforehand?
Events like these make forex the same with gambling !
I knew this whole think would appen, but I didnt expect all these central bank working together. Europe needed a strong currency while the fed did everything to lower the USD.

Now the question is not where the EUr/USD is headed, but where theu USD/JPY will go?
Quoting Mr D.
Looks like a shorting opportunity at a better price on the EUR/USD. Still it's not fair for traders
Do you really think that this trend will weaken??
The question is why they dint announce that it will be such an event
We loose the money we made the last days
SL dint worked , either TP!!
Guys let the market settle down and look how they will react
close to the MA’s
In my opinion this action is just kicking the can down the road. It does not solve the fundamental issues facing the world economy today which is EZ debt and growth. All this does is solve some liquidity issue. The real change will come when ECB prints (unsterilised) which will bring the value of EUR down especially if ECB cuts rates too.
any idea about EUR/CHF ?
don't forget the 1.20 swiss set!!
I missed the train...but I will take a boat to catch up....Fed wants lower USD? lets give them lower USD...I am shorting USD with any Tom, Dick and Harry on the block to reclaim my lost from EUR/USD SHORT....
There is always a price for promises you don't keep!
Well... I'm pretty sure that the entire Global Economy just committed to self-destruction...
Quoting Almazrouei
any idea about EUR/CHF ? don't forget the 1.20 swiss set!!
Going South
have lost some money -4% of my capital-, and I'm unable to understand direction. I will enjoy reading your comments and stay aside from the market by now. I
Quoting DragonFire
I missed the train...but I will take a boat to catch up....Fed wants lower USD? lets give them lower USD...I am shorting USD with any Tom, Dick and Harry on the block to reclaim my lost from EUR/USD SHORT....

No No don’t do that
You help the Europeans !!!
Theeese B.......rds
Quoting Conquer11
have lost some money -4% of my capital-, and I'm unable to understand direction. I will enjoy reading your comments and stay aside from the market by now. I
4% ??
Only for one trade??
You get very big exposure
You must readjust your Money management
don’t use more than 1% of your capital
Euro/USD is going right back down to where it came from.
Extremely overbought, piercing the upper Bollinger Band, going into daily supply. Doesn't get much easier than this. Short it!!!
Quoting nolagator
Euro/USD is going right back down to where it came from.
If you still get short position open I recommend you close it
  •  Guest
  • | IP XX.XXX.76.18
Yay they have saved the world again but wait oil is over 100 dollars a barrel and gold is poped out of its down/sideway trend, aggg its another fine mess you've got us into centeral bankers!!!
Looks like risk appetite is back ..lots of funds so europe debt problems is ok for now at least..Feel sorry for those who follows all the news at media about breaking up of euro zone and short without sl ..Always follow the trend no matter what that analyst say,cause they always wrong in the end..
Quoting tranco
If you still get short position open I recommend you close it
Why do you say that?
Quoting ssshhhh
Do you really think that this trend will weaken??
True dat....
So the world has officially stopped smoking the "Hopium" - and started injecting it Intraveniously.....

Wait till they find out that their dealer cut that shit with raid and chinese cat piss... game over
Call me skeptical... but JP Morgan put out a sell on Euro right at the bottom and then this came 2 days after. Don't tell me the they didn't know something was up with the central bankers.
Quoting nolagator
Why do you say that?
By looking back historically when a sharp “V” take place in 2bl bottom 80% of the time is a reversal
That's what happen right now look at 1H,4H chart to see what I mean
I don’t really know if JPM knew or no
The point is that we loose money today
Lets take some micro moves to recover a bit
Quoting tranco
No No don’t do that
You help the Europeans !!!
Theeese B.......rds
tranco,

i just want my pips back...I am bashing USD with AUD, NZD and CAD..so far I have got back 300 pips...i lost 600 pips to EUR/USD...300 pips to go..hope to get them back before the day ends...
There is always a price for promises you don't keep!
Quoting andan
Events like these make forex the same with gambling !
Worse than gambling since this is a stacked deck. Which broker was it that told it's clients to sit on hands? So it is not like there were not signals and warnings. All the 5 minute 30 pip moves and reversals over the past weeks have painted a scary picture.
USD/JPY ??????????????????????
Quoting tranco
By looking back historically when a sharp “V” take place in 2bl bottom 80% of the time is a reversal
That's what happen right now look at 1H,4H chart to see what I mean

Think about it from a logical point of view. Price just moved up over 200 pips. It is entering a level where supply greatly exceeded demand the last time price was there. Price is over 2 standard deviations away from the mean and it is extremely overbought. There are no more buyers left in the market. I'm not talking about a long term trade, but there is a high probability that price will go down. I entered a short at 1.3515. My first profit target is around the 1.3400 area. My stop is above the level at 1.3540. That's almost a 3-1 risk to reward ratio.
  •  Guest
  • | IP XX.XX.49.55
This was a subtle USD devaluation, they just didn't call it that. Whenever any currency climbs too much too fast, the CB gets an itchy trigger finger. Swiss Franc, Sept 6, Japanese Yen Oct 31, now this. CB interventions are a fact of life in Forex, you have to factor it in to your trading plan.
1,356 short limit.
Quoting DragonFire
tranco, i just want my pips back...I am bashing USD with AUD, NZD and CAD..so far I have got back 300 pips...i lost 600 pips to EUR/USD...300 pips to go..hope to get them back before the day ends...
600 pips???
Quoting nolagator
Think about it from a logical point of view. Price just moved up over 200 pips. It is entering a level where supply greatly exceeded demand the last time price was there. Price is over 2 standard deviations away from the mean and it is extremely overbought. There are no more buyers left in the market. I'm not talking about a long term trade, but there is a high probability that price will go down. I entered a short at 1.3515. My first profit target is around the 1.3400 area. My stop is above the level at 1.3540. That's almost a 3-1 risk to reward...
there is no logic
Quoting tranco
there is no logic
Sure there is. Sell where supply exceeds demand. Buy where demand exceeds supply.

http://www.fxstreet.com/search/contributors/authors/author.aspx?id=5766b88a-1a31-4102-8221-e9bf77216d2f
Have you seen this their is "V" IN 1H/4H it reversal/ 1WK MACD is also saying reversal As per chart of 1WK price may reach till 1.45*** to change the trend to back to bearish but at this moment 1.356 would be short for atleast 60 pips till 1.34800 at this moment also price is at same place but it will rise
Supply and demand concept is a junk theory.
both E/U and G/U well above ADR. will wait for a readable pullback to between 1.34500 and 1.3400 on EU to enter long..GU between 1.57040 and 1.56860 to go long. I'm shory EU at the moment but not for long. I'm sure the Asian market will want their bit of the pie
Quoting Jer21
Supply and demand concept is a junk theory.
If you say so
Traders always try to make sense of what they truly don't understand.
  •  Guest
  • | IP XXX.XXX.165.69
don't be frightened with that move which cause by intervention. You have to think the bigger picture why they are doing this. It's because no chance of getting up for euro zone and global market. come to think of it.
Quoting Almazrouei
any idea about EUR/CHF ?
don't forget the 1.20 swiss set!!
Almost there. Set your stop/limit buy order now!
Patience is magic
Quoting muntu ntu
Almost there. Set your stop/limit buy order now!
my concern SNB set at 1.20, can unset this level ? and go furher more down to 1.1?
  •  Guest
  • | IP XX.X.255.96
usual knee jerk reaction stocks rally to over inflated highs on the back of national banks making the decision to print more money and create even more world dept... how many of the guys working for national banks/politicians do you recon have their own personal trading accounts? they probably clean up every time they decide to make an announcement.
Quoting nolagator
Sure there is. Sell where supply exceeds demand. Buy where demand exceeds supply. http://www.fxstreet.com/search/contr...1-e9bf77216d2f
If that was true, so there it will be no trend but a constant consolidation
DragonFire!!
If you get the time open a trading threat in FF
So we can discus entries and exits
Quoting tranco
If that was true, so there it will be no trend but a constant consolidation
That makes absolutely no sense. Price is a constant supply and demand equation. Price goes up if there are more buyers than sellers in the market. Price goes down where there are more sellers than buyers in the market. If you can identify where the supply and demand equation are most out of balance, you can make money in any market.
Quoting DragonFire
i lost 600 pips to EUR/USD...300 pips to go..hope to get them back before the day ends...
sounds like revenge trading to me
Was it that much easy to solve the crisis? So why waited that much.
  •  Guest
  • | IP XXX.XX.80.54
Quoting nolagator
Think about it from a logical point of view. Price just moved up over 200 pips. It is entering a level where supply greatly exceeded demand the last time price was there.
What graph are you looking at? Three weeks ago price was 400 pips up from now, and four weeks ago it was almost 800 pips UP from today's.
Quoting nolagator
That makes absolutely no sense. Price is a constant supply and demand equation. Price goes up if there are more buyers than sellers in the market. Price goes down where there are more sellers than buyers in the market. If you can identify where the supply and demand equation are most out of balance, you can make money in any market.
Fine then just let it go higher !!


Once they asked Tom Basso (a legendary trend follower trader)
How far he was expected the trend to go
“Up to the moon” he answer them
Quoting tranco
Fine then just let it go higher !!


Once they asked Tom Basso (a legendary trend follower trader)
How far he was expected the trend to go
“Up to the moon” he answer them
I'm up 52 pips right now. Even if price turns, I'm not taking a loss. Scroll back and see the set up i gave you. I suggest you watch those videos that I sent you the link for. I can guarantee you that you're losing money with your current trading plan.
"there are two markets that central bankers and treasuries will continue to protect: the US stock market, and the Euro. Nobody really cares that hedge funds and speculators continue to get their clocks cleaned by sipping their own soup -- following thier own macro analysis" me -- yesterday
Quoting nolagator
I'm up 52 pips right now. Even if price turns, I'm not taking a loss. Scroll back and see the set up i gave you. I suggest you watch those videos that I sent you the link for. I can guarantee you that you're losing money with your current trading plan.
Sam Seiden??

He is not my cup of tea
absolute highs and lows ??

No thanks
Quoting nolagator
I'm up 52 pips right now. Even if price turns, I'm not taking a loss. Scroll back and see the set up i gave you. I suggest you watch those videos that I sent you the link for. I can guarantee you that you're losing money with your current trading plan.
most of my trades are small loosers But my winners are huge
Quoting tranco
most of my trades are small loosers But my winners are huge
Ok. You're good then.I thought you might need help because to told me not to sell the Euro when it was in that level just above 1.3500. Only a novice would say not to sell there. My bad.
Quoting nolagator
Ok. You're good then.I thought you might need help because to told me not to sell the Euro when it was in that level just above 1.3500. Only a novice would say not to sell there. My bad.
No you must not sell there
Quoting Link
USD/JPY ??????????????????????

Down turn Imo,i wldn't fill till 78.10...
Quoting tranco
No you must not sell there

I already did sell there. Up 66 pips at the moment.
Quoting Aldente
sounds like revenge trading to me
Aldente,

that right...luckily I got all my pips back, and many thanks to the great Majesty the Queen currencies (GBP, CAD, NZD and CAD), the Queen has finally found her Crown back..now on plus territory...close all my EUR/USD lost at 1.3459....Christmas back on track...
There is always a price for promises you don't keep!
Quoting tranco
600 pips???
tranco,

I finally nailed the sucker, USD...but it was a breath-taking...and now in green jacket, with Patron and Cuban cigar for the evening dance...
There is always a price for promises you don't keep!
Quoting nolagator
I already did sell there. Up 66 pips at the moment.
lol @ dat..
Quoting femisola
lol @ dat..
That guy "Tranco" obviously has no idea what he's talking about.
Quoting Almazrouei
my concern SNB set at 1.20, can unset this level ? and go furher more down to 1.1?
They are planning to up it from 1.2 to 1.3 instead.
Patience is magic
Does anyone really think this solves anything? This was just morphine for the system. It makes everyone feel good but cures nothing. When the hopium wears off the EURO will continue to collapse. Today's action is merely laying the foundation for the FED to get more involved leading up to a FED bailout of the EURO (another "too big to fail" disaster in the making).
Trout,
Am a bit puzzled by your post.
For the CB's to act without warning after so much public Bull Shit about transparency, to someone like me, it would mean that contagion has gone systemic.
Would add, for those who are actually willing to call a Turd, a Turd,
you have my sympathies.
Wasn't it just yesterday, so very long ago, that Kochelatero gave the big speech about how the Fed has a dashboard they follow to make policy.
Well today blows up the Fed as a source of truth.
So watch your asses all who think this is the beginning of some new Bull equity market.
End the fed
end the tyranny
I'm still very confuse here,why 'll the CB change IR same time without prior info?to me,they made forex more than a gambling game 2day at 15GMT.
Quoting muntu ntu
They are planning to up it from 1.2 to 1.3 instead.
I am simple man, don't like complication, i have a position open should i hold it till hits 1.30, and kindly, how long should i wait :-)
Placed my stops close to my entry point, which was close to daily pivot anyway, so... great profit-to-risk rate if it went the wrong way, but it went the right way . Expected GBPUSD and XAUUSD to go up during session but not like a rocket... Turned out a great pipin day !
Quoting Kayoubi
Call me skeptical... but JP Morgan put out a sell on Euro right at the bottom and then this came 2 days after. Don't tell me the they didn't know something was up with the central bankers.
I think the big money knew precisely when the intervention announcement was coming. They are quite devious and cunning. I think the sudden upthrust on high volume is a shakeout. There was a lot of selling coming in around the 1.3515 area. If price moves back up into that area I want to watch price action for clues to whether they will try to take it higher, or test that area for a continuation of the downtrend. It could be a low risk area to go short if a good setup appears. However, there is a good chance that the market will be in a narrow trading range for awhile before any clear direction emerges. My opinion, for what it's worth.
My analysis:

Fuck all you assholes who took my
Money today. I hope you all
Get Herpes.

Wulf

Ps: JK

Pps: not really
Quoting Wulfgar
My analysis:

Fuck all you assholes who took my
Money today. I hope you all
Get Herpes.

Wulf

Ps: JK

Pps: not really
You're hilarious, Dude. Is that how DSK got herpes?
SOMEONE WANT TO EXPLAIN EXACTLY WHAT THIS MEANS? ..thanks (sorry for caps not shouting just screaming..
Quoting fierceman
You're hilarious, Dude. Is that how DSK got herpes?
I was there when dsk got the herp. It wasn't pretty. Bunga bunga party. You know how those go.....
bad day for all ( for some people luck ) but for the bank people best day in their lives ....
if it didnt break 3570 area then it will start going back from where it came from
+296.
Have I got something on my face, SOLDIER?
Quoting bumapatria
+296.
Die
so we can expect sudden 250 pips any time, keep in mind ...volume changing always.
-----------------
So... we're waiting for the next intervention, are we?
Quoting ibpo
so we can expect sudden 250 pips any time, keep in mind ...volume changing always.
CB will step in only during their working hours, right? Then we must beware around 08:00 GMT - 17:00 GMT... or can they do it at night, too?
Quoting Donny_aw
CB will step in only during their working hours, right? Then we must beware around 08:00 GMT - 17:00 GMT... or can they do it at night, too?
Before there was time period for thi kind of news, that was always london close but yesterday it happened just before US job news release cause they know that US news was very good so they released this before that to protect huge movements, this is like intervention.
-----------------
100 GET
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  •  Guest
  • | IP XXX.XX.36.133
What people don't realize is: it happened because strong USD demand, and central bank knew it...., months ahead... i suspect there will be more USD bull....watch and see......
good twist!!!!!!!!!
  •  Guest
  • | IP XXX.XXX.84.117
this is all about liquidity... if fed saw liquidity going to dry up... they will use all their tools to increase it... (print button on)... USD weak...

Is truth... EUROPE got problem... bt US & China will help.. even not solve the problem yet can stabilize the problem... which we saw yesterday CHINA & FED announcement.. .

However... trader still like to trade against them... which is GOOD... so US FED will on the (print button) again... which the marketer like it very much...

Just trade with care...
  •  Guest
  • | IP XX.XXX.46.131
Forex is definitely not a gamble but hard, hard work. All info is in the graph. Even yesterday's spike was not some freakish random accident, it was well dictated by the graph. And, even if we cannot predict such huge move, we have plenty of time to jump in when it starts.
  •  Guest
  • | IP XXX.XX.194.152
can anyone send me ADR indi where I can specify % reached. i.e. indi to show me the value of ADR * 70% (for e.g.). Thanks
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  •  Guest
  • | IP XX.XX.9.169
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  • Story Stats
  • Posted: Nov 30, 2011 8:04am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 104  /  Views: 33,509
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