ECB Monetary policy decision

Jan 10, 2013 11:50am

Quote

Disliked

Back to the economics Jegas. Not reducing rates is positive as otherwise it would indicate the economy not being as good as it should.

How does higher rate indicate good economy? Does economics teach that? And what does high EURUSD do to economy? I remember that inferior borrower usually gives higher rate. Why would a good borrower pay higher rate?

Jan 10, 2013 11:56am

Quoting Guest

Disliked

Draghi is the worlds best Bond salesman.
Europe needs someone to buy its debt.
Looks like it will be Asia.
The extent of the Euro pep talk was about the only thing remarkable.

Ignored

Seems that Europe (ah, but not the whole Europe) is under Draghi's feet, something that Napoleon could not achieve. Maybe Roman Empire. But sorry my history is bad.

I am still sceptical the currency will last this decade. Hopefully it does. God helps us.

insomniawawa

Jan 10, 2013 7:16am

Quoting Connected

Disliked

I don't know what to do, should I buy, sell or do nothing, please everyone help me I cant think for myself, should I sit down and relax or get up and get a coffee? oh I am so confused right now........

Ignored

hehe, what a sarcasm

donduong

Jan 10, 2013 7:23am

Quoting Connected

Disliked

I don't know what to do, should I buy, sell or do nothing, please everyone help me I cant think for myself, should I sit down and relax or get up and get a coffee? oh I am so confused right now........

Ignored

I think you should calm would be better.

Gaaikema

Jan 10, 2013 7:00am

Quoting jegas

Disliked

News is negative for Euro,but positive for market, but market react opposite direction ?

Ignored

Back to the economics Jegas. Not reducing rates is positive as otherwise it would indicate the economy not being as good as it should.

Bakker

Jan 10, 2013 7:53am

look for the 61.8 retracement on 4hr chart, close now.

Bakker

Jan 10, 2013 8:06am

Quoting Slurp

Disliked

Nice point, but momentum could slice that pivot buddy, better trail stops, just my 2cnts

Ignored

Sliced it only just, may reverse now.

Bakker

Jan 10, 2013 8:26am

Gone trough R levels with ease. Madness!! Another 2 weeks and its back at 2996

Exodus

Jan 10, 2013 7:34am

....ah look, Draghi is speaking

Exodus

Jan 10, 2013 7:40am

Quoting hajovonta

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Look at EUR/CHF guys

Ignored

One of the Swiss region banks just announced negative interest rates.

jegas

Jan 10, 2013 6:56am

News is negative for Euro,but positive for market, but market react opposite direction ?

Jan 10, 2013 7:56am

ECB president says Rate Decision is unanimous, no member asked to Lower the Rate

Jan 10, 2013 7:59am

Draghi says Euro area economics risks remain Down size

Jan 10, 2013 8:00am

i mean Down side

Jan 10, 2013 8:04am

He says Inflation Risks are (broadly balanced) and economy recovers gradually late 2013

Jan 10, 2013 8:07am

Hi Johaky how FAR
euro goes today?

Jan 10, 2013 8:09am

Quoting frx_trader

Disliked

Welcome to an orderly world where there is no more dissenting opinion.

Ignored

LOL

Jan 10, 2013 8:23am

Thanks Jonahky for detailed reply, as Draghi didn't offer any thing and it seems today's Gain of Euro wouldn't sustain?

Jan 10, 2013 8:37am

Quoting Slurp

Disliked

Why do you say that? He offered 300pips to some, 145 and counting to others! He also provided nice entries for others that wanted to add to their shorts! lol!

Ignored

Short @???

DragonFire

Jan 10, 2013 6:47am

kudos for EUR/USD...the babe got back!!!!

silvia77

Jan 10, 2013 7:10am

wait for the words better guys

Jan 10, 2013 8:05am

Quoting Dr.Zain

Disliked

ECB president says Rate Decision is unanimous, no member asked to Lower the Rate

Ignored

Welcome to an orderly world where there is no more dissenting opinion.

Jan 10, 2013 8:12am

Hold your breath. Tomorrow US trade balance is even more important. If it doesn't improve, you know what.

Jan 10, 2013 7:42pm

Quoting jonahky7

Disliked

Empire strikes back? Maybe...........

Ignored

Not quite. Well done.

flying

Jan 10, 2013 7:09am

@piptastic: actually, that is not really 'correct' - last time EUR/USD did not tank on the rate, it actually tanked on the comments that there had been discussions about rate cut / negative rates ...

So, actually, Draghi press conference will be basically more important than the rate decision ... But, with a bit of 'luck' they realised the damage they caused last time ...

Quoting piptastic

Disliked

this is where news are just worthless...i think last month the same number came out and eur/usd tanked but now it looks like its going up (idk if im early or not)

Ignored

donduong

Jan 10, 2013 7:30am

why EUR up affter this news!?...please!

Jan 10, 2013 7:40am

thank you!...hm

Jan 10, 2013 7:17am

Quoting flying

Disliked

@piptastic: actually, that is not really 'correct' - last time EUR/USD did not tank on the rate, it actually tanked on the comments that there had been discussions about rate cut / negative rates ...

So, actually, Draghi press conference will be basically more important than the rate decision ... But, with a bit of 'luck' they realised the damage they caused last time ...

Ignored

ah ok i just looked at the candle for that day and i think i saw it was red but i didnt look at what time it started...ill wait for draghi then

Jan 10, 2013 7:47am

Quoting jonahky7

Disliked

fk drag-queen nothing new in his bloody speech! Everyone in Euro wants OMT now, losers.

But thank u for my euro longs kching kching

Ignored

lol congrats buddy! i wouldnt want to have shorts open neither trying to pick a top here. Who knows when id get back to breakeven!

Jan 10, 2013 8:04am

Quoting jonahky7

Disliked

YOhoo!!!! Pack up for the day 300pips, kching kching. Good trade to you too buddy.

Ignored

Great job m8! i secured 134 and ill see if it can get to 3230. Might add some if it gets there for 30 more. :-)

Jan 10, 2013 8:10am

Quoting Bakker

Disliked

Sliced it only just, may reverse now.

Ignored

Yep. I'd usually bank half my position there and trail the rest but i like how recent price action projects to a retest of 3300, not today though. Nice trading congrats!

Jan 10, 2013 8:32am

Quoting Dr.Zain

Disliked

Thanks Jonahky for detailed reply, as Draghi didn't offer any thing and it seems today's Gain of Euro wouldn't sustain?

Ignored

Why do you say that? He offered 300pips to some, 145 and counting to others! He also provided nice entries for others that wanted to add to their shorts! lol!

Jan 10, 2013 8:45am

Quoting jonahky7

Disliked

So did you managed to open up that tournament with that trader Jaygee? I thought he was still holding his shorts - is he?

Ignored

Nah, he didnt want to, he actually made a few calls/emails who knows, and those posts had their way to the bin. All he has to do is open up a thread and pm me to join!

Quoting Dr.Zain

Disliked

Short @???

Ignored

Yes guess who's shorts im talking about!

Jan 10, 2013 11:57am

Quoting jonahky7

Disliked

It went for more well done buddy.

Ignored

lol man, i got my 30 extra right at 3260, in less than 20mins. That bitch is horny and im riding her with a smile in my face. Yeehhaaa! lol!

khol_hands

Jan 10, 2013 6:50am

see the reaction of market

Jan 10, 2013 6:56am

tp only 136....

Jan 10, 2013 7:03am

Quoting Gaaikema

Disliked

Back to the economics Jegas. Not reducing rates is positive as otherwise it would indicate the economy not being as good as it should.

Ignored

agree at all!!!

duck.forex

Jan 10, 2013 8:18am

no matter where eu will go...buy at lower and sell at higher prices...happy trading

Jan 10, 2013 9:35am

short them!!!

Jan 10, 2013 9:45am

nice 89 pips.

Jan 10, 2013 7:05am

I don't know what to do, should I buy, sell or do nothing, please everyone help me I cant think for myself, should I sit down and relax or get up and get a coffee? oh I am so confused right now........

Jan 10, 2013 7:39am

Quoting donduong

Disliked

why EUR up affter this news!?...please!

Ignored

If no rate cut, then price will be stable. If interest HAD gone down to 0.5% then it will plunged down. My 2cts advise for you, don't trade on days such as today as it will swing violently that it can easily take out your SL unless you have an account such as that trader jaygee - who simply add on to losing positions.

Drag-queen is usually seen as Euro strength so far so becareful if you are shorting. Levels to look at .3164 .3184 otherwise look for possible .2946/55.

Jan 10, 2013 7:56am

Quoting Slurp

Disliked

lol congrats buddy! i wouldnt want to have shorts open neither trying to pick a top here. Who knows when id get back to breakeven!

Ignored

It may trigger an algo to poop back down coz there is nothihing new in drag-queen's speech. Just 6 more pips to end my day at .3184 (hopefully) otherwise am closing 289 pips from 2 longs

soon

Jan 10, 2013 7:59am

Quoting Slurp

Disliked

lol congrats buddy! i wouldnt want to have shorts open neither trying to pick a top here. Who knows when id get back to breakeven!

Ignored

YOhoo!!!! Pack up for the day 300pips, kching kching. Good trade to you too buddy.

This drag-queen is indeed an aroggant twat, watching his video now. IT thinks it's fking higher n intellectual than every human being on planet earth!!!!!!

Jan 10, 2013 8:19am

Quoting Dr.Zain

Disliked

He says Inflation Risks are (broadly balanced) and economy recovers gradually late 2013

Ignored

But recovery takes time possibly starting from now. If .3184 holds we can get to see .325 .33 area. There was quite a bit of rumour on huge bong buying, how true I take it with a pinch of salt.

Late 2013 doesn't mean poop parasite now, it will come again though.

Otherwise look for algo trigger poop down, where I don't know but good indications are at the R lines I hacked about, trade wise

Jan 10, 2013 8:26am

Quoting Dr.Zain

Disliked

Thanks Jonahky for detailed reply, as Draghi didn't offer any thing and it seems today's Gain of Euro wouldn't sustain?

Ignored

It's price action, big ££ bulls are using it as a stepping stone up, otherwise they would have to splash more money pitting against the bears, otherwise you would not have seen the price action for the past days so slow and stagnant - rinse and repeat again and again.

Quoting Bakker

Disliked

Gone trough R levels with ease. Madness!! Another 2 weeks and its back at 2996

Ignored

Not surprising at all

Jan 10, 2013 8:33am

Quoting Slurp

Disliked

Yep. I'd usually bank half my position there and trail the rest but i like how recent price action projects to a retest of 3300, not today though. Nice trading congrats!

Ignored

So did you managed to open up that tournament with that trader Jaygee? I thought he was still holding his shorts - is he?

Jan 10, 2013 8:50am

Quoting Slurp

Disliked

Nah, he didnt want to, he actually made a few calls/emails who knows, and those posts had their way to the bin. All he has to do is open up a thread and pm me to join!

Yes guess who's shorts im talking about!

Ignored

ROFL - what a wingless bbq chicken. I still believe ff is a place for discussion rather than arrogant shouting entries...no doubt there will be noobs who follow that trader. Anyway, it's not my problem

Hope is fading a bit as we speak, drag-queen had really pissed the central banks big time today he was hinting rate cut in Dec and now he turned a blind eye (he will be punished soon for that), stocks SP etc are plunging back - let's see if it's only a pullback or a triggered algo sell

Jan 10, 2013 9:04am

Quoting teefx

Disliked

was Dragi's speech hawkish,dovish or neutral,please give reasonsThanks

Ignored

What do you see on your chart? Is it hawkish or dovish? Have you read comments on this discussion yet?

Try to read from post #40 onwards and you will see what's happening buddy

Jan 10, 2013 9:16am

i think Dovish,this is just a rally to sell,but am still on d side nw.Dragi said risk still to the downside,recovery is still fragile,improvement to come in late 2013,when we are still in JANUARY 2013.

Jan 10, 2013 9:23am

Quoting teefx

Disliked

i think Dovish,this is just a rally to sell,but am still on d side nw.Dragi said risk still to the downside,recovery is still fragile,improvement to come in late 2013,when we are still in JANUARY 2013.

Ignored

So enjoy the rally while you can buddy, days like this don't come often until each ECB dates

Try not to short during NY session, I had my fingers burnt before selling during NY sessiona - a good advice from a buddy of mine to me a long time back - dragonfire of post #1

Jan 10, 2013 9:47am

Quoting Guest

Disliked

Talk to loadedgun he knows everything. I wish I could PM him too I am more confused than you. But he says no PM. They said eu was going down - is that not what all analysts said please help?

Ignored

A lot of expert analysts from big banks have never traded in their whole life, for goodness sake. Look just what happened to Noobgan-Stanley who is now sacking 1800 traders/bankers/aka twats who don't know how to trade despite having interbank messagings right in front of their stupid eyes.

When Drag-queen comes out, it's a typical scenario - long and long. But Euro crisis is not over, it has not even started for the new year. Though at the moment I'm more bullish than bear but it will come where bear will reign again - when I don't know only my daily chart n indicators tells me when to trade

Key is look at your chart, with indicators

gino32

Jan 10, 2013 11:54am

For Medium Term Traders: I personally will not take action based on this, its a highly speculative candle at heavy resistance area,pivot, flip,pa. Also equities did not react with same strength, metals did have a reaction but i just cannot say with certainty this is a fundamental backup for euro to move higher beyond this resistance, ill posting an update of my report at night. Its free is someone is interested. http://www.forexfactory.com/showthread.php?t=399103

if this is a fake out at heavy resistance this could pull the market heavily into the downside. I expect every trader who took this entry on the bullish side is using a trailing stop loss to lock profit and prevent this kind of scenario.

Jan 10, 2013 1:04pm

Quoting frx_trader

Disliked

Seems that Europe (ah, but not the whole Europe) is under Draghi's feet, something that Napoleon could not achieve. Maybe Roman Empire. But sorry my history is bad.

I am still sceptical the currency will last this decade. Hopefully it does. God helps us.

Ignored

Empire strikes back? Maybe...........

Sergii27

Jan 10, 2013 6:53am

Quoting Ihate2lose

Disliked

so what's gonna happen? ?? unchanged interest rate? sell EUR now?

Ignored

why sell? be sure - the pair will go up

Gaaikema

Jan 10, 2013 6:56am

It doesn't seize to amaze me that even if it's a sure thing that the rates are kept onhold, the uptick is still 25 pips

Sergii27

Jan 10, 2013 6:59am

guys, what about usd/jpy? is it look like overbought? any idias?

T999

Jan 10, 2013 11:17am

such a huge move 150+pips ..

funske

Jan 10, 2013 7:55am

Quoting Conspiration

Disliked

... Sell EURO's guys , buy Dollars while you can

Ignored

Jee, great call pal !

funske

Jan 10, 2013 11:17am

Check out this impressive Daily candle, a close around these levels tomorrow results in an bullish engulfing on the Weekly.

alexrazon

Jan 11, 2013 4:48am

Quoting Sergii27

Disliked

guys, what about usd/jpy? is it look like overbought? any idias?

Ignored

it going mental, thats what

alexrazon

Jan 11, 2013 4:52am

wait! whatever happened to that bot MR8FOREX something? oh bots dont read.. gosh almost forgot

flying

Jan 10, 2013 7:45am

Go on Mario - push the Euro higher :-)
I particularly like the EUR/CHF move (maybe partially from the ZKB negative rate posting)

drpipper

Jan 10, 2013 10:48am

You will see eur-usd atleast below 1.3050 by end of monday (and not tomorrow to be more specific)

piptastic

Jan 10, 2013 6:57am

Quoting Ihate2lose

Disliked

so what's gonna happen? ?? unchanged interest rate? sell EUR now?

Ignored

why would you ask other traders what to? whats wrong with you?

piptastic

Jan 10, 2013 6:58am

this is where news are just worthless...i think last month the same number came out and eur/usd tanked but now it looks like its going up (idk if im early or not)

Jan 10, 2013 6:52am

Quoting Ihate2lose

Disliked

so what's gonna happen? ?? unchanged interest rate? sell EUR now?

Ignored

please dont do that...

Jan 10, 2013 7:56am

Quoting Bakker

Disliked

look for the 61.8 retracement on 4hr chart, close now.

Ignored

Nice point, but momentum could slice that pivot buddy, better trail stops, just my 2cnts

Jan 10, 2013 9:25am

lol!

Jan 10, 2013 11:38am

Quoting Slurp

Disliked

Great job m8! i secured 134 and ill see if it can get to 3230. Might add some if it gets there for 30 more. :-)

Ignored

:-) :-) :-)

Asia might get it to 3300 lol!

Conspiration

Jan 10, 2013 7:10am

Those who buying EURO's are insane. All data's remain steady and you are already buying ? Only sell EUR/USD..

Conspiration

Jan 10, 2013 7:18am

They will say like allways: " We will take all neccesery actions to stop EURO debts if we will bound to " - Draghi.. According the latest talks.. Have they already taken any actions ? Only rumours..

Conspiration

Jan 10, 2013 7:37am

As I said... Everything in Europe in 2013 will remain the same and everything else will decline.... Sell EURO's guys , buy Dollars while you can

harvani

Jan 10, 2013 7:04am

I look EU strong until Unemployment claims usd

Dvidenika

Jan 10, 2013 7:06am

ok, i'm still waiting the deep falling when Draghi begins speaking..

Ihate2lose

Jan 10, 2013 6:48am

so what's gonna happen? ?? unchanged interest rate? sell EUR now?

Jan 10, 2013 6:56am

well done draghi!

Jan 10, 2013 6:58am

It gives usd the edge. I would start selling eur

Jan 10, 2013 7:02am

Wait,look at the prices,analyze,trade what you see,go with your trading plan!

manahil

Jan 10, 2013 7:07am

should Euro?US$ Sell or Not..

Yigal5766

Jan 10, 2013 7:25am

He wants to continue supporte the economy that mean there is no significant improve,
and the other side not so bad .

Jan 10, 2013 7:33am

Look at EUR/CHF guys

Jan 10, 2013 7:35am

I just pooped on my keyboard! yikes!

Jan 10, 2013 7:42am

fk drag-queen nothing new in his bloody speech! Everyone in Euro wants OMT now, losers.

But thank u for my euro longs

kching kching

hajovonta

Jan 10, 2013 7:50am

Quoting Exodus

Disliked

One of the Swiss region banks just announced negative interest rates.

Ignored

Ok, look at EUR/TRY then.

Connected

Jan 10, 2013 8:04am

Quoting Conspiration

Disliked

Sell EURO's guys , buy Dollars while you can

Ignored

Hey Thanks Constipation! LOL

taqiniazi

Jan 10, 2013 8:30am

every point is in not favor with EUR , but still UP.. i don't think that its on buy.. but not sure to sell.. so wait is better

hajovonta

Jan 10, 2013 8:59am

Some are mixing dreams with reality here.

Jan 10, 2013 9:01am

was Dragi's speech hawkish,dovish or neutral,please give reasonsThanks

Jan 10, 2013 9:34am

Still on d side,would be looking for short entry tomorrow,London section.

Trader#D5AF

Jan 10, 2013 9:38am

Quoting Connected

Disliked

I don't know what to do, should I buy, sell or do nothing, please everyone help me I cant think for myself, should I sit down and relax or get up and get a coffee? oh I am so confused right now........

Ignored

Talk to loadedgun he knows everything. I wish I could PM him too I am more confused than you. But he says no PM. They said eu was going down - is that not what all analysts said please help?

Jan 10, 2013 9:48am

BTW where is that mrforex8 that yacked about rate cuts in Jan :0) lol

hajovonta

Jan 10, 2013 10:02am

bears will come out when bulls become tired, i don't think it's the case right now.

Jan 10, 2013 11:49am

It went for more

well done buddy.

Jan 10, 2013 12:44pm

I went out for grocery n missed the last leg up, never mind it was good 300 pips for moi. (X16 each position) kekeke done for the month really lol

hasaenz777

Jan 11, 2013 1:22pm

Hurrah...for the EUR/USD things are changing...!!!

Trader#0BE9

Jan 10, 2013 6:50am

nothing, wait till the conference

Trader#FD17

Jan 10, 2013 6:51am

buy GOLD & go long on AUD, GBP & EUR.

cheers Mario draghi

Trader#2431

Jan 10, 2013 6:53am

wait to after draghi speaks at 1330 gmt

Trader#7318

Jan 10, 2013 6:56am

Quoting Sergii27

Disliked

why sell? be sure - the pair will go up

Ignored

agree with you
EUR will go to north

Trader#FD06

Jan 10, 2013 8:01am

Draghi is the worlds best Bond salesman.
Europe needs someone to buy its debt.
Looks like it will be Asia.
The extent of the Euro pep talk was about the only thing remarkable.

Trader#DAB3

Jan 10, 2013 8:44am

i just win 2000 E party

Trader#730C

Jan 10, 2013 1:00pm