FOMC Statement | Forex Factory

  • FOMC Statement

    From federalreserve.gov

    Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year. Despite some signs of improvement, the housing sector remains depressed. Inflation has declined, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable. Consistent with its ... (full story)

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eqshack
Jun 20, 2012 12:28pm
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Quoting e585009
Yes Europe will save the EURO and put the USD back where it is supposed to be as in DXY should be around 72, not anything 80ish!!!!!!!!!....
lol.and EURO index should be near to 0
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Forexia
Jun 20, 2012 12:01pm
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"The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities. Specifically, the Committee intends to purchase Treasury securities with remaining maturities of 6 years to 30 years at the current pace...This continuation of the maturity extension program should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative. "

How is this not considered QE? Because they didn't expand and buy more?? The end result it not much different: Fed still being accomodative. Can't believe the market was trading on hair-splitting wording difference.

See NOW the market is coming to senses. USD is going down. Hope people here didn't lose too many pips on that stupid dip.
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Forexia
Jun 20, 2012 12:48pm
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Quoting oneightwenty
Because it's not a new QE. A new QE would mean a lot more money, especially compared to 'just' an extension to Twist.
I see. Well still accomodative and the market realized that after their overreaction. I am staying out. Too much excitement for me for one day.
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oneightwenty
Jun 20, 2012 11:45am
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Goldman said FED will ease today. (Long risk / equities.)
Quoting oneightwenty
What Goldman says - do the opposite!
Quoting oneightwenty
Risk is rallying because the market believes that Helicopter Ben will save the world once again, and this time it will be different. Goldman basically said earlier today to go long on all risk assets for QE is coming, doesn't this smell a bit fishy?
In other words: no QE tomorrow.
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oneightwenty
Jun 20, 2012 12:06pm
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Quoting Forexia
How is this not considered QE? Because they didn't expand and buy more?? The end result it not much different: Fed still being accomodative. Can't believe the market was trading on hair-splitting wording difference.
Because it's not a new QE. A new QE would mean a lot more money, especially compared to 'just' an extension to Twist.
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Exodus
Jun 20, 2012 11:40am
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Today this is the second 'leaky looking' data release. First cable started to slide about 20 minutes before the BoE announcements; same just now with the FED statements.....
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e585009
Jun 20, 2012 12:15pm
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Quoting oneightwenty
Because it's not a new QE. A new QE would mean a lot more money, especially compared to 'just' an extension to Twist.
Yes, looking good again, but BIG BEN will speak today @ 1:30 CST, so maybe another USD POP....yes, I opened a trade and it turned into an investment...I've had 2 longs open since 1st week in March...positive swap is nice, but closed orders in the money is better!!!!
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Exodus
Jun 20, 2012 12:17pm
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Dear FED, thank you for giving me back everything I lost this week!
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Exodus
Jun 20, 2012 12:44pm
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Quoting Tonz_of_Gunz
i closed my gold long orders with a huge profit, a lil bIt scared but it worked
Well done good fellow!
It gives your confidence a real lift.
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Exodus
Jun 20, 2012 3:18pm
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Quoting Forexia
Wooo, you lost big this week. Well glad you made them all back thou.
Thx!
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eqshack
Jun 20, 2012 11:46am
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no shit..lol dunno what usdjpy goin to do ..yet
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eqshack
Jun 20, 2012 11:51am
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Quoting oneightwenty
Hey guys... it's just the statement. Wait until Ben opens his mouth.
lol yea..market will go crazy.i hope usdjpy goes up to 84
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jegas
Jun 20, 2012 11:45am
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Positive News ,USD comes Up !
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Forexia
Jun 20, 2012 12:47pm
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Quoting Exodus
Dear FED, thank you for giving me back everything I lost this week!
Wooo, you lost big this week. Well glad you made them all back thou.
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Forexia
Jun 20, 2012 1:38pm
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Quoting e585009
Yes, how is it that Dollar is so strong put prices keep going up. Rice, Milk, Energy, Prostitutes even!!!!
Ahh those are called healthy level of inflation
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Forexia
Jun 20, 2012 5:32pm
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Gawd!! A day of roller-coaster!
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Trainman
Jun 20, 2012 11:35am
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They are continuing the Twist!
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dab
Jun 20, 2012 12:00pm
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oneighttwenty (&others) what do you think will happen once Ben opens his mouth? What more is to be said then twist extension?
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frx_trader
Jun 20, 2012 12:26pm
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market is confused now, don't know where to go. same as most traders.
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ivy wong
Jun 20, 2012 12:09pm
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gold is going up now.........
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ForexMGames
Jun 20, 2012 11:48am
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going back up. first down like skydiving, then up like rocket launch
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MarcosF
Jun 20, 2012 11:50am
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Quoting ForexMGames
going back up. first down like skydiving, then up like rocket launch
And then probably back down again, as soon as people realize the world wasn't saved this time either...
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Mr.Ha
Jun 20, 2012 11:36am
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Fed Expands Operation Twist by $267 Billion Through Year End
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Mr.Ha
Jun 20, 2012 11:49am
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Gold down...........
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Mr.Ha
Jun 20, 2012 12:02pm
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Quoting robert7
market is still waiting for his mouth
No QE3, Gold maybe down again.......
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Mr.Ha
Jun 20, 2012 7:59pm
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No QE3, No inflation, Gold will down again........soon

Gold maybe fall retest 1550 today......
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-Melo-
Jun 20, 2012 11:40am
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He extended Operation twist, but there wont be QE3, is that what he said ???
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oneightwenty
Jun 20, 2012 11:37am
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Can you guys remember what i said yesterday?
No QE today!
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oneightwenty
Jun 20, 2012 11:40am
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Ben did not deliver, let them dump it.
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oneightwenty
Jun 20, 2012 11:50am
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Hey guys... it's just the statement. Wait until Ben opens his mouth.
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oneightwenty
Jun 20, 2012 12:17pm
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Algos are really clever these days. First they drive against the bulls stops, and now they're rattling shorts. Money has to be made... but not on me.
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undefined
Jun 20, 2012 11:35am
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And there USD goes...
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rwoshun123
Jun 20, 2012 11:39am
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no. it is not.
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cppolybd
Jun 20, 2012 12:11pm
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These are just son of bitches. These son of fucking bitch will die soon that is my heartiest pray. May God just destroy these bastards.
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clockwork71
Jun 20, 2012 12:29pm
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Quoting e585009
Yes Europe will save the EURO and put the USD back where it is supposed to be as in DXY should be around 72, not anything 80ish!!!!!!!!!....
Shit.....are you serious? lol
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e585009
Jun 20, 2012 11:37am
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I hate Bernake....USD id killing my AUD/USD long trade
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e585009
Jun 20, 2012 11:47am
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Money printing is the solution for me.. i have AUD/USD longs to close. Yes I sounds selfish, but tell me what bank isn't.
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robert7
Jun 20, 2012 12:00pm
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market is still waiting for his mouth
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robert7
Jun 20, 2012 12:00pm
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see how disciplined those market makers...!!!!
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e585009
Jun 20, 2012 12:13pm
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USD going down...plz DXY get down to 72
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e585009
Jun 20, 2012 12:17pm
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Quoting Pokrajac
Your AUD/USD long is back...hope your SL hasn't been touched! :-)
Thank Amen-Ra!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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e585009
Jun 20, 2012 12:20pm
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Yes Europe will save the EURO and put the USD back where it is supposed to be as in DXY should be around 72, not anything 80ish!!!!!!!!!....
Reply
e585009
Jun 20, 2012 1:11pm
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Quoting clockwork71
Shit.....are you serious? lol
Yes, how is it that Dollar is so strong put prices keep going up. Rice, Milk, Energy, Prostitutes even!!!!
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Aristo
Jun 20, 2012 12:15pm
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confusing decision, there is a stimulus but not a QE, suppose to be a strong USD??
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biren.nepal
Jun 20, 2012 12:39pm
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All sign recommended to Eur and GPB bullish this year...eur stop in 1.49 and GBP hahaha 1.90 lets see....not only EUR and asia but market also want to save the eur and down usd....
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Ubais
Jun 20, 2012 12:00pm
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gold sell or buy
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Pokrajac
Jun 20, 2012 12:03pm
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Quoting e585009
I hate Bernake....USD id killing my AUD/USD long trade

Your AUD/USD long is back...hope your SL hasn't been touched! :-)
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williamlee
Jun 20, 2012 11:38am
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Fed Expands Operation Twist by $267 Billion WT IS THIS THING?
this is no QE?
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ehabmg12
Jun 20, 2012 11:44am
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Any Ideas About GOLD ?????
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williamlee
Jun 20, 2012 12:08pm
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wooow, the gold IS sky rocket now
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williamlee
Jun 20, 2012 12:11pm
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wtf, is this btf world
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Tonz_of_Gunz
Jun 20, 2012 12:34pm
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i closed my gold long orders with a huge profit, a lil bIt scared but it worked
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manahil
Jun 20, 2012 11:34am
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what what what...
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MACD Master
Jun 20, 2012 11:36am
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But no QE - great news!!
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Looi
Jun 20, 2012 11:48am
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Hit and run!
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Hayata
Jun 20, 2012 12:10pm
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Wow after down, n now up like crazy
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saif
Jun 20, 2012 12:14pm
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will gold go down
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clockwork71
Jun 20, 2012 12:28pm
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Quoting Trainman
They are continuing the Twist!
This was expected.
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saif
Jun 20, 2012 12:30pm
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i bought gold at 1601 should i close or wait
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Nfp
Jun 20, 2012 1:09pm
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USDJPY ..look at it...very nice... go ____
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Loadedgun
Jun 20, 2012 4:27pm
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We are going down T4b.
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Trader#2B23
Jun 20, 2012 11:38am
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gold jumping up & down
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Trader#DBB3
Jun 20, 2012 11:38am
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poua...what a bubble brst
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Trader#65FF
Jun 20, 2012 11:38am
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Anybody should know QE3 is not possible for the time being..We still have inflation and the economy is still growing even though it is getting slower. It seems unlikely now until next year.
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Trader#8D0D
Jun 20, 2012 11:38am
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any udeas what effect wud this have on gold!!
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Trader#E9FD
Jun 20, 2012 11:38am
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gold should be bought or sell?
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Trader#DBB3
Jun 20, 2012 11:41am
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of course the gbp will dance around 1.5666...because 666 as always
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Trader#65FF
Jun 20, 2012 11:44am
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Bernake should learn this lesson. The more he prints, the worse the economy will get in the long run. Look at BOJ, look at BOE, money printing is not the solution.
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Trader#00CB
Jun 20, 2012 11:45am
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ohh shittt
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Trader#C96E
Jun 20, 2012 11:46am
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gold will be down, but at the current price gold is undervalued.... so it will bounce shortly after......

trade wise.
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Trader#1AB6
Jun 20, 2012 11:57am
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oh no, GOLD is going up.....
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Trader#BEFC
Jun 20, 2012 12:18pm
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Wait till 7 pm yesus christ then you will get proper movement, atm merkel comments just
Move the markets.
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Trader#1537
Jun 20, 2012 12:29pm
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Whats happening with cable???Bouncing second time from same spot.Damn i hate those bots.Speed is insane.....
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Trader#3D92
Jun 20, 2012 11:47pm
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what will happen on our investment, barnanke?
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