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  • ECB's Liikanen - ECB council very unanimous on euro economy's future at Thursday's meeting

  • #1
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  • Jan 13, 2012 1:44am Jan 13, 2012 1:44am
...soooooooo what's this translate to exactly?
Trends, breakouts, price action.
  • #2
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  • Jan 13, 2012 1:45am Jan 13, 2012 1:45am
yay!! a summit!!! rally on Euro!! it is saved!!!
  • #3
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  • Jan 13, 2012 1:50am Jan 13, 2012 1:50am
Quoting aizazk
...soooooooo what's this translate to exactly?
Unanimous rally....
  • #4
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  • Jan 13, 2012 1:53am Jan 13, 2012 1:53am
Up or Down ?
  • #5
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  • Jan 13, 2012 1:53am Jan 13, 2012 1:53am
  •  Trader#FF67
  • | Status: Unregistered Trader
it mean all European Countries are united on Euro ,meeting is held on thursday
  • #6
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  • Jan 13, 2012 2:11am Jan 13, 2012 2:11am
What that means, Euro is saved from Debt crisis they are ready to pay all the debt to Greece and other countries
  • #7
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  • Jan 13, 2012 2:11am Jan 13, 2012 2:11am
gonna go up !
  • #8
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  • Jan 13, 2012 2:28am Jan 13, 2012 2:28am
it actually means that they found a magical gold shitting unicorn that is going to bail out europe before aliens can land and bail out europe...
  • #9
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  • Jan 13, 2012 2:46am Jan 13, 2012 2:46am
Quoting Wulfgar
it actually means that they found a magical gold shitting unicorn that is going to bail out europe before aliens can land and bail out europe...
Thanks for your reply, Its good for Europe can you Please explain me, what are terms and condition for this Gold UNICORN
  • #10
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  • Jan 13, 2012 3:21am Jan 13, 2012 3:21am
I've long since last night again but close at 1.287.

I'll be careful for today to long further:-

a.) There is an Italian auction at 10:10 today. Hopefully it's positive like yesterday but we never know until it's out.

b.) Asian central bank sells EUR/USD

Will wait for the results of italian before seeing where to go. ie long or short.

Friday the 13th is always full of surprises, you never know
  • #11
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  • Jan 13, 2012 3:21am Jan 13, 2012 3:21am
Get out while we can on a Friday.......
  • #12
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  • Jan 13, 2012 3:27am Jan 13, 2012 3:27am
  •  Trader#88A5
  • | Status: Unregistered Trader
Always afraid now to trade euro either long or short. How far do think euro can go up if italy action is succesfful?
  • #13
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  • Jan 13, 2012 3:27am Jan 13, 2012 3:27am
It might just swing between 1.287 and 1.284 till the auction results. If positive news from Italy like yesterday, then YES it's a long to upper ground 1.298 or 1.302 (not much difference). Otherwise, it's going to be short back to 1.273 and below 1.2665.

Hold your gun and breadthe
  • #14
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  • Jan 13, 2012 3:29am Jan 13, 2012 3:29am
on a whole, it's been good news. Let's see what Italy comes out with

Friday the 13th, spooky
  • #15
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  • Jan 13, 2012 3:36am Jan 13, 2012 3:36am
Just talked about good news, here comes the bad news:

From twitter

a.) ***ECB deposits hit EUR489.906bn***


b.) Down... Italy Govt Bonds 10 Year Gross Yield 6.483%

I'll tread carefully for today to see if it's further long or simply short back. Let's see what the results of Italian comes back with first.

If no good, then short all we can - but otherwise play wise.

Trade facts, trade fakes, then trade technical.
  • #16
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  • Jan 13, 2012 3:49am Jan 13, 2012 3:49am
Quoting Aaryan
What that means, Euro is saved from Debt crisis they are ready to pay all the debt to Greece and other countries
A lot of it is bullshit, we all know euro needs to drop further, it's a question of when. It's over-value currency. But for us, just trade and make profits.

Hope this is not a mess for you. I'll tread carefully today to go long or short. The morning range is very narrow. Think the big players are waiting for Super Mario of Italy to pull a positive hat trick for their auction. But initial news is Italian bond is down - lets wait for the results and see.

FYI: I was long since last night - hoped that didn't upset your short, not be sarcastic. Started a short at 1.287 and closed at 1.284 this morning (small pips but better then none). But I'll see when to short or long again.
  • #17
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  • Jan 13, 2012 3:49am Jan 13, 2012 3:49am
  •  Trader#FFDF
  • | Status: Unregistered Trader
that's the best to be prudent wit this trade
  • #18
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  • Jan 13, 2012 3:56am Jan 13, 2012 3:56am
Italian/German 10 year bond yield spread narrowing ahead of auction
Written by Gerry Davies
January 13, 2012 at 08:21 GMT

Some optimism there then
  • #19
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  • Jan 13, 2012 3:56am Jan 13, 2012 3:56am
will results be positive?
  • #20
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  • Jan 13, 2012 4:10am Jan 13, 2012 4:10am
looks like the asian central banks are trying to sell hard to get out before the italian auction at 10:10. They started selling at 1.287.

Anything can happen on Friday
  • #21
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  • Jan 13, 2012 5:00am Jan 13, 2012 5:00am
heard asian central banks closed sell stop at 1.282.

All eyes on italian results
  • #22
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  • Jan 13, 2012 5:06am Jan 13, 2012 5:06am
Joke of the day

The EIU @TheEIU 5m

If there is a breakup of the eurozone, most of Europe would see a return to the national currencies it used before 1999 http://gfs.eiu.com/


If they don't go back to old currency what do they use? Dollars? Stupid article
  • #23
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  • Jan 13, 2012 5:13am Jan 13, 2012 5:13am
From twitter:

ITALY SELLS EUR2.538 BLN 6% 2014 BONDS; YLD 5.62%
  • #24
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  • Jan 13, 2012 5:24am Jan 13, 2012 5:24am
missed the ship of 4.75BLN.

SHORT
  • #25
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  • Jan 13, 2012 5:26am Jan 13, 2012 5:26am
or will we see ECB intervention for Friday the 13th?
  • #26
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  • Jan 13, 2012 5:28am Jan 13, 2012 5:28am
it seams that market celebrate something...anyone knows what?
The Market pays you to be disciplined
  • #27
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  • Jan 13, 2012 5:29am Jan 13, 2012 5:29am
Italian yield went down from 5.62% to 4.83%. What a day to short back, unless ECB intervern with excuses as it's Friday the 13th
  • #28
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  • Jan 13, 2012 5:30am Jan 13, 2012 5:30am
Do you need to mention this: "....Friday the 13th..."
The Market pays you to be disciplined
  • #29
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  • Jan 13, 2012 5:31am Jan 13, 2012 5:31am
Final results: LOOKS GOOD FOR ITALY

Italian auction results. Sold Eur 4.75 out of a targeted Eur 4.75bln, well done!
  • #30
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  • Jan 13, 2012 5:33am Jan 13, 2012 5:33am
Quoting mima
it seams that market celebrate something...anyone knows what?
Italy bond auction results jsut came in, very good results. They sold Eur 4.75 out of a targeted Eur 4.75b.

But there might be other hidden stuffs...
  • #31
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  • Jan 13, 2012 5:42am Jan 13, 2012 5:42am
but it's Friday, are we going back to 3rd bottom
  • #32
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  • Jan 13, 2012 5:48am Jan 13, 2012 5:48am
Quoting jonahky7
A lot of it is bullshit, we all know euro needs to drop further, it's a question of when. It's over-value currency. But for us, just trade and make profits.

Hope this is not a mess for you. I'll tread carefully today to go long or short. The morning range is very narrow. Think the big players are waiting for Super Mario of Italy to pull a positive hat trick for their auction. But initial news is Italian bond is down - lets wait for the results and see.

FYI: I was long since last night - hoped that didn't upset your short, not be sarcastic....
thanks last night trade was +ve for me , but I not trade short in when it was 1.287 hard luck this time. Any way have nice trade ahead
  • #33
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  • Jan 13, 2012 5:53am Jan 13, 2012 5:53am
just go with the trading trend for now no point fighting against the big boys.
  • #34
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  • Jan 13, 2012 7:25am Jan 13, 2012 7:25am
"ECB council very unanimous on euro economy's future" - deconstruction:
1. either they're unanimous or they're not. When a politician says 'very' they are appealing to the listener's emotions... a short emotive rally is certain.
2. "unanimous on the euro economy's future" - is an empty statement: what kind of future?
Liikanen's statement was made with the objective of stimulating speculation - a short emotive rally is certain.
cryptocurrency everytime
  • #35
  • Quote
  • Jan 13, 2012 10:43am Jan 13, 2012 10:43am
And a few hours after this is posted, the S&P downgrades begin.
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  • Story Stats
  • Posted: Jan 13, 2012 1:24am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 35  /  Views: 7,341