The ECB's Thankless Task | Forex Factory

  • The ECB's Thankless Task

    From bloombergview.com

    It would be hard to script a more challenging context for the European Central Bank's high-stakes policy meeting next week. In a renewed effort to stimulate economic growth and avoid damaging deflation, the central bank is poised to take unprecedented measures. It must take into account three immediate and complicating considerations: market interest rates have already taken another meaningful step lower, the uncertainty surrounding the Greek election later this month, and the fact that many income-challenged European citizens appear in no mood to be told that higher inflation will be good for them. On Jan. 22., ECB ... (full story)

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traderathome
Jan 15, 2015 12:14pm
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When in hell are these idiots going to accept that the super-rich have to be heavily taxed: incomes, estates,....everything imaginable. They are the only ones with the money that needs to be infused back into the economies, and they are sitting on it!

It is bad enough that the super-rich have taken control of governments. It is worse when everyone that supposedly has a brain plays this with eyes blind to the truth because they don't want to confront these bastards!
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ibram.forex
Jan 15, 2015 12:16pm
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Hi Guys,

Please i will need your help as i got unfair margin call from oanda at jan 16 at 2:07:26am australian time
for Aud/chf on .7318 and i did check with other brokers and on that time the price never went that low.

Please advice me what to do????
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dee.aychan
Jan 15, 2015 12:31pm
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Aud/chf in xm low 7163..
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Scotch
Jan 15, 2015 1:35pm
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Quoting ibram.forex
Hi Guys,

Please i will need your help as i got unfair margin call from oanda at jan 16 at 2:07:26am australian time
for Aud/chf on .7318 and i did check with other brokers and on that time the price never went that low.

Please advice me what to do????
You're going to open a support ticket with Oanda, tell them about the unfair margin call, and then they're going to do nothing. Why? Because forex is decentralized. Emphasis on that. Decentralized. There is no market-wide "right" price. Whatever quotes your broker quotes you is the quote your account is traded on. If Oanda says the low of the pair is 0.7318, that means that's the lowest-quoted price for that pair that Oanda has access to.

Something tells me that getting this "unfair" margin call reversed isn't going to make a major change to your longterm trading.
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SickOfScam
Jan 15, 2015 2:09pm
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Quoting ibram.forex
Hi Guys,

Please i will need your help as i got unfair margin call from oanda at jan 16 at 2:07:26am australian time
for Aud/chf on .7318 and i did check with other brokers and on that time the price never went that low.

Please advice me what to do????
GOODBYE FOREX BANDITS !!! - is all we can say after 1386 pips spread.
Alpari had EURCHF Low at 0.73 and now they rewrote it to 0.8477. (1141 pips)
On the charts you will not see the real low....
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Trader#095F
Jan 15, 2015 3:03pm
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ECB just created the problem for themselves by themselves by leaking info of their impending QE to the market. They think by doing so, it will be a foregone conclusion that Germany will not be able to stop them executing the QE.

The problem is Germany can limit the scale of the QE. And now the market EXPECT a MASSIVE QE which may not happen. Even SNB chickened out atm. ECB may expected EURUSD to settle at 1.20 but now it went down to 1.16. So, ECB may not have the excuse to execute a huge QE now. Now let see how those EUR short is going to pend out. Today's CHF episode may repeat next week for EUR short.
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