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    From ecb.int

    At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: 1. The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.75%, starting from the operation to be settled on 11 July 2012. 2. The interest rate on the marginal lending facility will be decreased by 25 basis points to 1.50%, with effect from 11 July 2012. 3. The interest rate on the deposit facility will be decreased by 25 basis points to 0.00%, with effect from 11 July 2012. The President of the ECB will comment on the considerations underlying these decisions at ... (full story)

wow...eur again will go down... f***
I thought that the Euro might be Bullish after the rate cut.
Quoting Lion777
wow...eur again will go down... f***
May be u weren't aware of the forecast.
The market wanted 50bps, and when it doesn't get what it wants...
eur should bullish after rate cut
  •  Guest
  • | IP XX.XXX.77.147
Sure it will bounce after today's speach
Nice +56 pips and counting good old Euro
what about gold?
Quoting silvia77
eur should bullish after rate cut
rate cuts usually brings the currency down, not up
now gold going down..any idea how far it will go down
We are going to see EUR/USD at 1.20... soon.
i already know that the eu will jump.. but wait,there another news 30 min from now. i wonder what will happen.
hope so siewhf cause thats where Im out and got a shed load of dosh yahooooo
Sweet pips, selling euro and BTFD on AUD.
129 Piperoonies up, thats me done for the day off to the bar to celebrate, thank You Euro I love you
Quoting shahram_s
rate cuts usually brings the currency down, not up
Rate cut is bearish for the currency for sure but Euro zone needs a severe stimulus to the economy so a rate cut is the only and best solution for the ECB.I thought that the rate cut could be bullish for the Euro today but who cares the direction?
Quoting Jj1459
Rate cut is bearish for the currency for sure but Euro zone needs a severe stimulus of the economy so a rate cut is the only and best solution for the ECB.I though that the rate cut could be bullish for the Euro today but who cares the direction?
Agreed
Quoting Jj1459
I thought that the Euro might be Bullish after the rate cut.
You would have thought that with it already being calculated into the price but the deposit rate cut was less expected.
  •  Guest
  • | IP XXX.XXX.98.242
after the rate cut, euro become more and more bearish, 1,19xx is inevitable.
Gold? sure they cut the interest rate because of DEFLATION, and DEFLATION is THE BIGGEST, THE MOST ARCH enemy of gold, so, it will go down lower and lower soon
Quoting Guest
after the rate cut, euro become more and more bearish, 1,19xx is inevitable.
Gold? sure they cut the interest rate because of DEFLATION, and DEFLATION is THE BIGGEST, THE MOST ARCH enemy of gold, so, it will go down lower and lower soon
If break 1.2280 area. the so-called next leg on the monthly chart will revive
Quoting silvia77
Agreed
right, they may fix this spike in their press conference ...
  •  Guest
  • | IP XXX.XXX.148.249
speculators talk very opposite they talk if rate cut then bullish euro but its almost 150 pips bearish euro so just control your mind and dont take adverse steps in the volatility
ECB start to make money on 1 Trillion LTRO, which was lended on 1%.
ECB cuts rate, and FED will answer. Lets see
Quoting culibate
ECB cuts rate, and FED will answer. Lets see
And after AUD, NZD, CNY...
  •  Guest
  • | IP XX.XXX.219.21
On the daily chart Eur-Usd see the formation of the flag, I feel like I could blow next week. Somewhere in the neighborhood range 1.28.
bullish mode on, up up up ...
Quoting ivy wong
now gold going down..any idea how far it will go down
If you look at the correlation of EUR/USD pair and Gold, you will see that from past EU rate, it dipped ~150 pips, then followed by a fake rally upwards. The next few days were followed by 1200pips further drop. Of course no one (I mean us small retail traders) knows apart big players where it is heading but even big players get stopped as well sometime, good example IS STANLEY MORGAN, those idiots have been trapped and stopped 4 times for the past 1 year alone, IMHO they are horrible and lousy traders who can't even read a chart themselves despite having all the interbank messages made available to them.

So best trade with your RS lines.
Quoting Jj1459
I thought that the Euro might be Bullish after the rate cut.
Are you made how euro can be bullish after the cut...........Who would like to buy Euro when the bank depositing offer less. Ya one this is that RRR cut is not there
Inflation is gone. Don't forget, inflation can be created.
Outrageous this QE waiting idiocy.
Quoting Sanguis
Outrageous this QE waiting idiocy.
AUDEUR
Bearish Mode is On... Down, Down, Down.... to 1.20.

4000 pips more to drop ... go go go.... see you next week.
Quoting siewhf
Bearish Mode is On... Down, Down, Down.... to 1.20.

4000 pips more to drop ... go go go.... see you next week.
I'm short AUDEUR 0,83120
  •  Guest
  • | IP XXX.XXX.66.51
bearish for EUR, GBP, AUD and Gold. Bullish for CHF, CAD, YEN
Quoting Sanguis
I'm short AUDEUR 0,83120
Limit 0,79
This is no game for bulls.... So long Eur till 1.2
Quoting Guest
On the daily chart Eur-Usd see the formation of the flag, I feel like I could blow next week. Somewhere in the neighborhood range 1.28.
well spotted.thanks
Quoting kayla2011
This is no game for bulls.... So long Eur till 1.2
you mean short
Quoting Jj1459
I thought that the Euro might be Bullish after the rate cut.
Are you joking? I'm convinced that this is a currency in the death throes of it's existence. There was no intelligent planning, or awareness, of the cultural and economic differences between various members. The Dodo is now extinct and, eventually, the Euro will go the same way.
No some times market behave opposite than our except...i think eur will bullish...coz world want this....bullish eur......lets see it will stop 1.34
ECB cuts rate, and make EUR weaker, so export contries in eurozone have benefit. I don't think FED and other Central Bank just see ECB does what it want. Think of US QE3
Bringing this back to pure basics. Where is the logic of trying to integrate countries of a different cultural background and economic blueprint? It has never made sense to me and, probably, never will
The general marketplace viewpoint, from our analogy would of been one of disappointment that the ECB isn't doing more than just another round of passive bond purchasing.

The rates stayed the same, and this is viewed as weak.

However from a technical standpoint we can view the EURO powers that be, to be "going long term" with their plan. They aren't going to roll out any extremes.

A 1.20 EURO does seem likely, and basically completing the (it gets worse before it gets better) cycle.

We shorted the eur/usd and eur/jpy last night, and as far as Bulls are concerned. Perhaps a few scalps here and there but if you are thinking Long Term Bull positions right now, we will have to agree to disagree.
Just look at the Latin Monetary Union for an example. People just use greed and abuse the system to benefit their own country.

And remeber Communism works well in theory aswell.
mario draghi has just stolen my pips
what th ehell is wrong with germany, why cant euro be without crisis
  •  Guest
  • | IP XXX.XXX.42.55
Quoting biren.nepal
No some times market behave opposite than our except...i think eur will bullish...coz world want this....bullish eur......lets see it will stop 1.34
Are you joking? never bullish for euro if the crisis still go on. In fact, maybe there will be no euro again?
the rate can be lower, 0.75% is three times higher than FED rate 0.25%
Quoting culibate
ECB cuts rate, and make EUR weaker, so export contries in eurozone have benefit. I don't think FED and other Central Bank just see ECB does what it want. Think of US QE3
If US launch QE3 it will default on its humongous debt. Think of it, they cut governmen spendigs, job creation is almost stalling consumer spendigs fall ... I see no bullish perspective on USD when there is just talks on QE3?

Besides if the rise of USD will coninue FED will need to a) print more or b) directly intervene against USD because of rising debt interrest payments.
Quoting Alan5616
Bringing this back to pure basics. Where is the logic of trying to integrate countries of a different cultural background and economic blueprint? It has never made sense to me and, probably, never will
Its because even Germany knows that it wont hold its economic situation for long if it would not cooperate with others in EU... its that simple if European nations stands separated they would not hold where they are, they will be beaten down so only way for EU o the future is further integration even federalization if EU wants to at least hold its economical status ...

Now it seems like they do not have enough strenght to act, but even mice in the corner bites... so Germany and France would have to convince Britain to cooperate on greater scale ... or well who cares for Europe
Quoting Oceanside
The general marketplace viewpoint, from our analogy would of been one of disappointment that the ECB isn't doing more than just another round of passive bond purchasing.

The rates stayed the same, and this is viewed as weak.

However from a technical standpoint we can view the EURO powers that be, to be "going long term" with their plan. They aren't going to roll out any extremes.

A 1.20 EURO does seem likely, and basically completing the (it gets worse before it gets better) cycle.

We shorted the eur/usd and eur/jpy last night, and...
ECB simply cant do more when ECB does not have mandate for it. Its not regular central bank. Even Spanish or Greek central bank has more under its discretion than ECB does.
  •  Guest
  • | IP XX.XX.72.26
We are looking at 1.10 in 6 months eur/usd
Quoting Guest
We are looking at 1.10 in 6 months eur/usd
Yes... agree...
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  •  Guest
  • | IP XX.XXX.94.150
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