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  • Talk of a German downgrade doing the rounds

    From fxbriefs.com

    Season heavily with a large tablespoon of salt. Seems the markets taking some notice of this rumour, but i’m not… EUR/USD around 1.3160 after recent highs around 1.3188

You got to be kidding me. I want to see that happening.
  •  Guest
  • | IP XX.XXX.134.3
Looks like euro was getting too strong for someone, so here come the rumours.
Market chats of a rating downgrade for Germany - U.S. not? Joke.
No, manipulation.
Just like Goldman manipulated the gold price down 10% in 5 days.
Rumours that France was downgraded at Egan Jones
Quoting jeffd
No, manipulation.
Just like Goldman manipulated the gold price down 10% in 5 days.
Guys...if u think gold is manipulated then long it for god sakes...otherwise stop flooding threads with nonsense.
Also ask yourself if this is not the manipulation, only profit taking (there is a possibility) where will the money go?
  •  Guest
  • | IP XX.X.96.102
Talk of German downgrade by who??? Absolute BS!! They the best performing country in the eurozone by far with consistant decent results. It make me sick that statements like this are posted on this FF website. A waste of peoples time
DemoAntares of course I am long gold. Did you read the paper GS wrote on the 11th?
Kalastaja : France was downgraded by EJ in June 2012 ; anything new since then?
What's your entry point?
Kalastaja : France was downgraded by EJ in June 2012 ; anything new since then?

Market Talk that there is new downgrade.

I think this would make more sense than German downgrade...
yeah...30 pips in 2 mins - must be a downgrade

quote: The next turn in action is long from this point (1.3160), if that level falls we will have an unrealized bull flag which can collapse the actual length of the handle - aka back to 1.3080. SL is at the bottom of this night's range.
if the rumor turns out to be just a rumor, the rumor-monger should be identified and jailed. this person is out for selfish gains, you can call it market-manipulation too.
This is the best possible way to scalp for nice pips...rumor, stay sidelines, w8 for the tech lvl to trigger, enter LONG, and take 30 free pips!

Noobs!
It Going Up Again With Speed So People Not Taking the Rummer Seriously.
  •  Guest
  • | IP XX.X.96.102
Yeah take a look at the dax. Massive drop and instant rebound
Owww...... ruin my EUR/USD !!
  •  Guest
  • | IP XX.XXX.20.191
its the zew results with one day lateness
  •  Guest
  • | IP XX.XX.188.228
Bad news = Euro UP! So expect move to 1:33 then 1:35 even 1:38 this is ridiculous but it's just market
Quoting Guest
Talk of German downgrade by who??? Absolute BS!! They the best performing country in the eurozone by far with consistant decent results. It make me sick that statements like this are posted on this FF website. A waste of peoples time
I agree, most likely bull shit but I don't agree that posting it here is waste of time.

When rumor like that hits FF site it have been circulating in markets for a while. If you follow DAX you know that it come down heavily at one point and I am sure many people were looking a reason for that. Once you see these rumors you can decide weather it is true or not and make your own decisions and hopefully right trading decisions. I welcome all information and rumors.
  •  Guest
  • | IP XX.XXX.160.145
People keep running to the Euro as if it was a safe haven for yield. Yet as demonstrated in Cyprus they will come for depositors monies to pay for failing Banks.
Market sentiment does not reflect that reality.
BOE statement points this out.
This is not about liquidity it is about solvency and getting your money back paid on demand.
Sentiment is a fickle creature and markets are emotional.
Europe remains a fractured economic model.
hello everyone, i'm new here, could you please explain what is " downgrading " and what is the effect of german downgrade on EUR/USD ?
I believe, it's like a time bomb ready to explode.
This is trolling and click bait not news, FF shouldn't be part of it.
The unethical behaviour and market manipulation by Goldman Sacks is dealt with in the book of ex-vice president Greg Smith "Why I left Goldman Sacks", you will find all the answers in his book. The men in black suits will always defend their actions and deny any form of manipulation, that is the nature of the breast.

The rumour of downgrading Germany was another ploy by the banks and financial institutions to cash in and they did so handsomely. Downgrading Germany is baseless and promoted in bad faith and for ulterior motives.
The rumour does not seem to have affected the 10-yr bond auction.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Is there a joke in this somewhere? FXBriefs as in soiled underpants, or FXBriefs - full of crap? Is this breaking 'news' on a Bloomberg, or Thomson Reuters terminal...??
Quoting Squeeze
FXBriefs - full of crap?
Nice one.
FXBriefs - round yer ankles.
i am making more from GU then EU. so prefer to keep away from euro at all.
and from GOLD too
Try to look this from another view which most ppl neglect...downgrading germany means only one thing - US is making ecb print money. They've been trying so for last 5 years...anyway it will happen cuz there is no way ecb can hold rates a this lvl and have ANY significant move towards growth...
EUR is poised to spill t <1.20 this year...but I digress - as I said b4, unrealised bull flag, u can expect eur to fall further to 1,3080...
Try to look at it a totally different way, FX Briefs are down by their ankles having been found out that they're full of crap...

Quoting DemoAntares
Try to look this from another view which most ppl neglect...downgrading germany means only one thing - US is making ecb print money. They've been trying so for last 5 years...anyway it will happen cuz there is no way ecb can hold rates a this lvl and have ANY significant move towards growth...
EUR is poised to spill t <1.20 this year...but I digress - as I said b4, unrealised bull flag, u can expect eur to fall further to 1,3080...
Quoting DemoAntares
- US is making ecb print money. They've been trying so for last 5 years...anyway it will happen cuz there is no way ecb can hold rates a this lvl and have ANY significant move towards growth...
The ECB can't buy bonds in the open market with new cash and has to sterilize all purchases it makes by treaty.
ECB cant buy its own bonds because germany wont let it...I thought that is clear for some 5 years now...
Quoting DemoAntares
ECB cant buy its own bonds because germany wont let it...I thought that is clear for some 5 years now...
It's clear since 1992 when the Maastricht treaty was signed.
Quoting Exodus
The rumour does not seem to have affected the 10-yr bond auction.
Where else would they go, Italy? The US was downgraded I think twice and their 10Y is relatively low. Japan has a debt-to-GDP of 230% and still have one of the lowest rates on earth. Rumor is a rumor, but I love how people dismiss it. "Whhhhhaaaat! Not Germany!"
When the facts change I change my mind, what do you do sir
At the end of this little digression all I can say is - to each his own.
ecb WILL start printing money otherwise it's bye bye EU. Bu first we need a nice correction...so that noobs can load on longs.
How will the ECB simply "print money" as you term it?


Quoting DemoAntares
At the end of this little digression all I can say is - to each his own.
ecb WILL start printing money otherwise it's bye bye EU. Bu first we need a nice correction...so that noobs can load on longs.
Well...if they have printing machines (invented around 1564 by guttenberg - HAH a german!) they turn them on (electricity) and start printing. I'd say around 50 Billion € would be nice for starters (monthly). Only obstacle is germany since it is the greatest exporter and oil consumer in eu (and we all know in which currency we buy oil, don't get scared by those doom prophets who say dollar will collapse) . ecb has to find a way to avoid germany but then we have other problems, like '''who will export to us lets say VW golf 6 when b4 printing the price was 25 000 € and now it's 35 000 €.
And so on...One thing is clear - to control the unemployment which is soaring, one must print money. If they don't they risk much more than just economy - I think they risk a war...but I think things will be much clearer in september after elections in germany...
I'm guessing he'd like to know how it can be done whilst staying within their legal remit?

Quoting DemoAntares
Well...if they have printing machines (invented around 1564 by guttenberg - HAH a german!) they turn them on (electricity) and start printing. I'd say around 50 Billion € would be nice for starters (monthly). Only obstacle is germany since it is the greatest exporter and oil consumer in eu (and we all know in which currency we buy oil, don't get scared by those doom prophets who say dollar will collapse) . ecb has to find a way to avoid germany but then we have other problems, like '''who will export to us lets say VW golf 6 when b4 printing the...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
I don't like extremes but let me put it this way...u remeber that norvegian lunatic who killed 80+ ppl...I think he got some 20 or I don't know how many years of prison. U know what US did (some countries) when that kind of situation occurred? They immediately and promptly changed the constitution to allow the death penalty and then switched back. Now...if eu can't change their constitution (which is 1000 pages thick) then to hell with them...(check out the thickness of US constitution) and how quickly they change it...but again I digress.
This is not a financial crisis - only proof u need is that banksters are nearing all time highs while unemployment is soaring further. This is a(n) unemployment crisis and the only way to solve it is to INVEST in industry, agriculture blah blah blah...Now I ask u how can it be done? What did eu do with their unemployment in the last 5 years?
So, as usual, ez will follow US model and start printing or it is gonna be ''get out'' one by one from eu, and that would no longer be eu, right?
So - constitution from mastricht forbids the particular member to print euros but at the same time ALL members suffer from lack of investments which boost economy - please do tell how will that be resolved. By tearing eu apart? Well, that IS an option, but then we are back some 50-100 years into WW2 state of conscience.
Rest assured, nor germany nor us can stay impervious to their neighbours negative GDPs and therefore us is printing money at a 100B/month rate and eu is watching and reacting late as usual...
But this talk is useless to traders like me and hopefully u...I shorted yesterday 1.397, took profit at 1.379, I took long this morning at 1.360, took 21 pips, and i opened short at 1.3151 but didn't take profit (greedy bastard) although i have it still...but I would like to c if this bull flag will be unrealised - technically today's bottom should be at 1.3080...thats what charts are telling to a daytrader. Hope u find it useful
tldr; try and join the twitter revolution eh? Make your point in a couple of readable chunks.

Quoting DemoAntares
I don't like extremes but let me put it this way...u remeber that norvegian lunatic who killed 80+ ppl...I think he got some 20 or I don't know how many years of prison. U know what US did (some countries) when that kind of situation occurred? They immediately and promptly changed the constitution to allow the death penalty and then switched back. Now...if eu can't change their constitution (which is 1000 pages thick) then to hell with them...(check out the thickness of US constitution) and how quickly they change it...but again I digress.
This...
I like it this way since if I wrote: ''EU stupid, they need to print money, and no constitution should prevent that'', US smart, they print money but probably they will inflate usd and then we are nowhere again'' - might produce some missunderstandings and prejudices that I for some reason like or dislike eu or us.
Quoting me myself and I: But this talk is useless to traders like me and hopefully u...I shorted yesterday 1.397, took profit at 1.379, I took long this morning at 1.360, took 21 pips, and i opened short at 1.3151 but didn't take profit (greedy bastard) although i have it still...but I would like to c if this bull flag will be unrealised - technically today's bottom should be at 1.3080...thats what charts are telling to a daytrader. Hope u find it useful


I held out there...I actually saw how far it can go - 100 pips in 1 hour. Done for today.
Well, it was not just a rumor. Egan-Jones actually did downgrade Germany to A from A+, outlook negative. Where's smoke, there's fire...
Quoting DemoAntares
What's your entry point?

By the way, 32.8% Fibonacci threshold has been reached this morning
I am selling my long position
Quoting jeffd
By the way, 32.8% Fibonacci threshold has been reached this morning
I am selling my long position
Since dollar has entered a choppy trade now, I will give up eur for now, since it's gonna be 100% a rollercoaster...I did some monstrous pips in a 200 pips range in daytrade, now I'm back to my old love - oil and us stocks - currently long (much less psychopathology as I like to put it)
Bear in mind (haha good expression) that USD index (dxm) is forming a nice bull flag 2h and 4h charts and eur is forming nothing as far as I can c but then again some say TA is subjective...
If this bull flag gets unrealised, expect an equal drop down + the length of a handle further. Also bear in mind that USD index lost its rounded top formation for a moment and then entered a state of frenzy where the losses were covered bouncing from multi month lows...meaning - this is a nomansland and either short or long have somewhat same probabilities, therefore I will not trade it b4 my levels are triggered - 1,30< for long and 1,32 for short...I expect eur to go sideways here.
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  • Posted: Apr 17, 2013 4:06am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 46  /  Views: 10,365