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  • ECB rates to remain low, could be cut further: Coeure

    From reuters.com

    Low inflation means the European Central Bank plans to keep interest rates at current low levels or may even cut them further, ECB Executive Board member Benoit Coeure said on Saturday. With euro zone inflation running at 0.7 percent, well below its target of just under 2 percent, a raft of ECB speakers have said this week that the bank is open to taking fresh measures after a surprise rate cut to a record low of 0.25 percent earlier this month. "We have said that in the view of the subdued outlook for inflation we expect interest rates to remain at current or lower levels for an extended period of time," Coeure ... (full story)

again! haha...
Bunch of confused crooks!!!
ECB again and again haha But euro remain up and up. ECB want euro down and trader doing euro up and up. wisdom people said that it is Forex world. There trader mind think market going up in short ever market goes opposite trader mind.
without real action, market only react on buy rumours
however, the ECB needs euro at the right price and stable, in order to help the production sector, especially export production, to reduce the trade balance deficit and absorb labor.
  •  Guest
  • | IP XXX.XXX.208.34
ecb if you want euro down must act like snb
Quoting shellsnail
again! haha...
Yes, this month the ECB council members have launched a campaign of contradicting each other. One says "negative deposit rates", the other says "Don't fantasize". One says "Risk of deflation", the other says "inflation well anchored".
Mind you, the Fed is no different as their voting members have also been sending mixed signals to the market. One says "December Taper", the other says "Economy still too weak".
So I suppose the market is no dumber or smarter than the central banks as one trader say "Buy" and the other says "Sell".
Lol, I'm not even surprised even though I was pinned down in a EUR pair last week - I know for certain that EUR will continue up towards the sky and all time high by the middle of this week, since MM is playing with us now, and EUR is ripe for picking
Quoting Gizmosis350k
Lol, I'm not even surprised even though I was pinned down in a EUR pair last week - I know for certain that EUR will continue up towards the sky and all time high by the middle of this week, since MM is playing with us now, and EUR is ripe for picking
All time high by the middle of next week? Are you kidding? All time high is 1.60xx.
Quoting PipTrapper
All time high by the middle of next week? Are you kidding? All time high is 1.60xx.
He must be too much excited....
But I will sell euro for sure..This month's surprised rate cut is a clear signal that they will do whatever it takes to keep the euro lower...O:-)
Go Ahead ECB. Implement any policy changes. The Euro is not only controlled by central banks but also by many other BIG players. We retail traders also form a very small part of this movement. So lets see who wins in short term and long term.
All I need is a lot of volatility. So make it go up , make it go down. I will definitely pick my profits over time.
Too many people are shot on eur. I don't think that euro will go down by next week.
I always check EUR against all majors not just USD and doind so, you can see what is happening. Anyway, be cautious about loading longs...
Events in and of themselves tell you nothing you want to know -------------> they are fluctuants that then mix (interact) with other variables and therefore there is no simple way of projecting them to trade short or long term (unless you what to trade instantaneous direction around some news or event---> not a very smart way to make consistent returns since it requires no skill at all).

In simple terms there are two sides to a coin and you cannot say because x happened then there will be y effect over such and such a range (or period). That is the fallacy of "fundamentals" in trading -------> a linear postulate in a non linear theater is simply ignorant >>>>>>>>>>>-----------+++-------> just nuked some more dancing bananas but saying it as it is all the same. Nice One!
Quoting PipTrapper
Yes, this month the ECB council members have launched a campaign of contradicting each other. One says "negative deposit rates", the other says "Don't fantasize". One says "Risk of deflation", the other says "inflation well anchored".
Mind you, the Fed is no different as their voting members have also been sending mixed signals to the market. One says "December Taper", the other says "Economy still too weak".
So I suppose the market is no dumber or smarter than the central banks as one trader say "Buy" and the other says "Sell".

very true.

How come those policymakers fail to realize that their "forward guidance" does more harm than good ?

They simply cannot stick to the plan...everyone will just burst out whatever comes to their minds when they give interviews.


FED aint any better...at one point they say taper is data related but on other times they STILL refer to time - "as early as next meeting", "later this year", "coming months".
Quoting 111ForexGuru
Go Ahead ECB. Implement any policy changes. The Euro is not only controlled by central banks but also by many other BIG players. We retail traders also form a very small part of this movement. So lets see who wins in short term and long term.
All I need is a lot of volatility. So make it go up , make it go down. I will definitely pick my profits over time.
That is the idea dude --------------> tell them sir up or down it is 69 ----------+++---------> still the Forex (not stock trading) so just pick your price points (in a range of interest) and if you know when and how you can take it to the bank either way Nice One!


BTW: That is one reason it beats me hollow and makes me sad to see guys straining grey matter beyond specification claiming they are engaged in fundamental analysis which a) they do not understand b) are ill equipped to apply and c) is not applicable in any case to trading currencies. what a laugh at a scandal -----> interpret the news commonsensically and do not do what trained economists would not.
Are we expecting a gap on EU?
  •  Guest
  • | IP XX.XXX.56.116
A vague Wave 3 target in the EUR was 13580 but often over the weekend the wave count is forgotten. So, I would say it is doubtful that we would have a gap up in the EUR. If so, it should be sold.

I would be looking for a wave 4 retracement perhaps down to 13500 or even to 13485. That would be a nice buy area if confirmed by a significant candlestick reversal on a 15M chart.

Is that specific enough for you?
  •  Guest
  • | IP X.XXX.41.241
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  • Story Stats
  • Posted: Nov 23, 2013 10:58pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 17  /  Views: 5,079