ECB Monetary policy decisions | Forex Factory

  • ECB Monetary policy decisions

    From europa.eu

    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 0.25%, starting from the operation to be settled on 13 November 2013. 2. The interest rate on the marginal lending facility will be decreased by 25 basis points to 0.75%, with effect from 13 November 2013. 3. The interest rate on the deposit facility will remain unchanged at 0.00%. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 ... (full story)

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Ill-b-back
Nov 7, 2013 7:04am
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Quoting Spreadbetter
Oh, btw, high impact news events don't move markets, according to some, that 14000 level not looking 99% certain now eh?
And his Euro long today looking for 3590 just got it's BUTT ripped out
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vox dei
Nov 7, 2013 7:50am
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2 x Beautiful Euro today

Quoting Spreadbetter
Oh, btw, high impact news events don't move markets, according to some, that 14000 level not looking 99% certain now eh?

Quoting Ill-b-back
And his Euro long today looking for 3590 just got it's BUTT ripped out

LOLOL watch out, next stop 1.4000. LG gotz da HOLY OF GRAILZ
Reply
hkg_paul
Nov 7, 2013 7:28am
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Quoting pippiphooray
BTW, there is a gap to close, down at 1.3298. If you are into that kind of stuff. And, if that were not enough, I also show a 50% fib there as well.

Cheers
there are more gaps to close in the past
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Deano9999
Nov 7, 2013 7:17am
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Quoting hkg_paul
careful there will be no more dovish speech later and more or less a support for the Euro.... to calm the market I will see 1.3420 after press conference
Doubt it. The USD GDP may see a larger sell off. Be careful until Draghi finishes speaking and the market settles.
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ReaM
Nov 7, 2013 11:50am
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Quoting Spreadbetter
Risk/MM/position size?...IMHO retail traders should never risk more than 1% per trade or have more than 3% exposure in the market.
I don't think it's that, if you get slipped like I guess he was today there's nothing he could do. I'm lucky I didn't trade today.
Reply
TraderPablo
Nov 7, 2013 8:46am
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Quoting Spreadbetter
Risk/MM/position size?...IMHO retail traders should never risk more than 1% per trade or have more than 3% exposure in the market.
unless ur already in the money.....
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Expo33
Nov 7, 2013 6:55am
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More insider trading, massive plunge before news released
Reply
RevarK
Nov 7, 2013 6:54am
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DAX 100p up
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Ill-b-back
Nov 7, 2013 7:07am
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MY GOD, 811 traders viewing...

what da hell???
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eqshack
Nov 7, 2013 6:50am
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fast money
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shellsnail
Nov 7, 2013 3:07pm
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Quoting FxPositive
Great day to make pips fast. 150pips drop in 10mins.
120 pips in 6 seconds actually lol.
Reply
pippiphooray
Nov 7, 2013 7:38am
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Quoting hkg_paul
there are more gaps to close in the past
Quoting pippiphooray
BTW, there is a gap to close, down at 1.3298. If you are into that kind of stuff. And, if that were not enough, I also show a 50% fib there as well.

Cheers
CLOSED...
Reply
hkg_paul
Nov 7, 2013 7:01am
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Quoting Expo33
More insider trading, massive plunge before news released
yes and all the rumours provided days before..... sources ..... and including Novotny comments days before
Reply
hkg_paul
Nov 7, 2013 7:12am
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careful there will be no more dovish speech later and more or less a support for the Euro.... to calm the market I will see 1.3420 after press conference
Reply
hkg_paul
Nov 7, 2013 7:13am
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Quoting Mednetuser
2000 Euro lost in 5 minute
I know this feeling
Reply
hkg_paul
Nov 7, 2013 7:27am
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Quoting johntrung
why gpb/chf goes up like crazy?
Chf is pegged with the Euro ??
Reply
Deano9999
Nov 7, 2013 6:54am
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Happy to be wrong about the rate cut - an easy 120 pips, and counting. Price is trying to settle at the 61.8 fib around 1.3377.

If the US GDP is strong, more to go.
Reply
joancb
Nov 7, 2013 6:57am
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Quoting Tanzeel
Why GOLD is moving up?
gold always go up )
Reply
momochi
Nov 7, 2013 7:17am
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Quoting Mednetuser
2000 Euro lost in 5 minute
2000 EUR of experience for next time
Reply
ReaM
Nov 7, 2013 11:48am
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If you look at the chart, some knew in advance ECB's gonna cut the rates. Lucky bastards. I mean the 31 of October particularly. They just kept dumping orders that day without any freaking reason.
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finix
Nov 7, 2013 6:53am
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huha...just loving it
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finix
Nov 7, 2013 7:35am
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EURUSD monthly chart hinted this fall with a convincing bullish rejection candle..if you are fundamentally confused just listen to your chart!anyway cheers to the shorts!
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safdarhashmi
Nov 7, 2013 6:59am
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waaaaaaaoooooooooooooo,such a great day
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don perry
Nov 7, 2013 7:07am
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can't believe i missed this boat. All week i've been trading ECO releases and only getting scraps. Today i looked on the ECB rate and was like,, meh, gonna stay unchanged

WRONG
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cppolybd
Nov 7, 2013 6:50am
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Wow how pathetic is this.. look like gbp also cut rate... peculiar...
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cppolybd
Nov 7, 2013 8:50am
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Now I am confused about gbpusd. Eurousd recover is much better than gbpusd... But as far as I know there was no bad news for gbp this week or previous. So .....
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elekboy
Nov 7, 2013 6:59am
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buy gold................
Reply
Spreadbetter
Nov 7, 2013 6:59am
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Well yes and no, but the 'real' sell off started last week based on the rumours, certainly from a swing trading perspective all trend/swing traders should have already been short.

Quoting Expo33
More insider trading, massive plunge before news released
Reply
CoolJL
Nov 7, 2013 7:22am
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Quoting Deano9999
Doubt it. The USD GDP may see a larger sell off. Be careful until Draghi finishes speaking and the market settles.
I agree, They'll push this further down on any excuse.
Reply
Spreadbetter
Nov 7, 2013 8:41am
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Risk/MM/position size?...IMHO retail traders should never risk more than 1% per trade or have more than 3% exposure in the market.

Quoting Mednetuser
-7000 Euro in 1Hours months of work in few minutes
Reply
backinblackl
Nov 7, 2013 9:59am
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Quoting cppolybd
Now I am confused about gbpusd. Eurousd recover is much better than gbpusd... But as far as I know there was no bad news for gbp this week or previous. So .....
Are the other 724 posts this high?
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adriantr
Nov 7, 2013 6:51am
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Finally......EZ mostly Italian will cheer out this thing
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haimber
Nov 7, 2013 7:17am
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go short!!!
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pippiphooray
Nov 7, 2013 7:22am
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BTW, there is a gap to close, down at 1.3298. If you are into that kind of stuff. And, if that were not enough, I also show a 50% fib there as well.

Cheers
Reply
orix89
Nov 12, 2013 6:16pm
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i want to learnt of fundimental...hope all of u can guide me..TQ im too newbie in fundimental..
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CoolJL
Nov 7, 2013 6:50am
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150 pip drop!
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Tanzeel
Nov 7, 2013 6:56am
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Why GOLD is moving up?
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Tanzeel
Nov 7, 2013 6:58am
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but y??there must be some reason
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Tanzeel
Nov 7, 2013 7:01am
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Quoting elekboy
buy gold................
Any specific reason
Reply
Spreadbetter
Nov 7, 2013 7:01am
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Oh, btw, high impact news events don't move markets, according to some, that 14000 level not looking 99% certain now eh?
Reply
furr1985
Nov 7, 2013 7:11am
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if US GDP comes better than expected ,,,, then EUR will go below 1.32 as well,,,,,,,,,,,,,,
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Mednetuser
Nov 7, 2013 7:12am
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2000 Euro lost in 5 minute
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johntrung
Nov 7, 2013 7:21am
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why gpb/chf goes up like crazy?
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Scientist
Nov 7, 2013 7:31am
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f EU, dead besterds
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Mednetuser
Nov 7, 2013 8:24am
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-7000 Euro in 1Hours months of work in few minutes
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Grahamn
Nov 7, 2013 8:37am — Edited
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But cheap money could be good for the Euro? France has been wanting this for some time.
Graham
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backinblackl
Nov 7, 2013 12:24pm
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Oh, look, price is retracing. Is this why victory speeches have subsided on this thread so soon, o so soon.
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backinblackl
Nov 7, 2013 12:36pm
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Is this the ''flash crash'' everyone was so afraid of in fx? o_O
Reply
FxPositive
Nov 7, 2013 2:53pm
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Great day to make pips fast. 150pips drop in 10mins.
Reply
Scientist
Nov 7, 2013 3:59pm
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Someone got bitten on the snap back
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Trader#B408
Nov 7, 2013 6:55am
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whr gold move upside or downside trend ???
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Trader#38B7
Nov 7, 2013 7:20am
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why GBP/CHF goes up like crazy?
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Trader#8203
Nov 7, 2013 7:24am
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Good job uncle Draghi, waiting uncle Ben taper for another deep ..
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Trader#8FB6
Nov 7, 2013 7:28am
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only taking half ride down eur/jpy. dont want to be greedy. but it either correction from now or more down
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Trader#A38B
Nov 7, 2013 7:45am
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Already shooting star in monthly and it's only the beggining. Destination the other side of the planet through it's core...
Reply

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