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  • ECB Said Concerned On BBVA, UniCredit, BNP’s Turkey Exposure: FT

Is this the cause of eu drop?
Quoting Starcraftmaz
Is this the cause of eu drop?
Fcuk Yeah. Niceeee
Quoting Starcraftmaz
Is this the cause of eu drop?
Yes, I think so. What a surprising news though...
There is a drop in Gold , GBP, Aud. Across the board
who is this @zerohedge? and where does the info that @zerohedge posts (regularly) come from???
  •  Guest
  • | IP XX.XXX.191.228
This means someone is catching large fish in troubled waters ...
they going to get turkey
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
ty so much..
That much Emergency of the euro news is this ? break the 1500 levels very easily,Euro buyers panic due to world mkt uncertanity ,trade carefully because making profit in forex is easy,but Retain the profit is very very Tough task.
hi there, does any one know what is the annual salary of a chart monitor?
Invest in alarm clocks
wew! that was fast! hahaha... is it late to add another short on EU?
PATIENCE AND DISCIPLINE!
Quoting Koop
There is a drop in Gold , GBP, Aud. Across the board
and i am short across the board with those pairs:-)
4&1 All Time Profit: $37,496
FT stating the obvious.
is wall street ever gonna recover?
Invest in alarm clocks
  •  Guest
  • | IP XX.XX.16.52
no go ahead
  •  Guest
  • | IP XX.XX.16.52
something else is going on //??????
  •  Guest
  • | IP XX.XX.16.52
i put a sell position at 1.1515 EUR/USD i think it will be filled ;;;
crush more
>>>>>>>>BULL<<<<<<<<<
i feel its fake news
>>>>>>>>BULL<<<<<<<<<
  •  Guest
  • | IP XX.XXX.34.52
might be a false break..
seems like this news will be the catalyst of the end of everything... it's always like that in life... at the time you least expect it... and as random and irrelevant as it can be
Invest in alarm clocks
Quoting manahil
i feel its fake news
No ,its confirmd ,but too much of selling pressure & panic selling no one can expecting .

https://twitter.com/IGSquawk/status/1027790564861730816
Quoting jegas
{quote} No ,its confirmd ,but too much of selling pressure & panic selling no one can expecting . https://twitter.com/IGSquawk/status/1027790564861730816
Its been bottled so long in that range .. and last 2 days its been pushing the bottom of it anyway... it really just needed an excuse to hit all those stops and boom down it goes

question remains of this 'exposure' and what it could actually mean.. it could mean nothing.. it could mean turkey-apocalypse
Fake NEWS ,,,Turkish lira is not such strong asset that can cause trouble to Euro ( Combined currency of 26 nations ) ,,, Eur Usd is going up sooner . There are big players behind the scene .
Quoting kwokwok
{quote} Its been bottled so long in that range .. and last 2 days its been pushing the bottom of it anyway... it really just needed an excuse to hit all those stops and boom down it goes question remains of this 'exposure' and what it could actually mean.. it could mean nothing.. it could mean turkey-apocalypse
Maybe ,they utlize the ECB announcement for their Stop hunting within the Asian Session.
  •  Guest
  • | IP XX.XXX.191.228
Guys if you do not need a euro, I can write my account number, throw it at my expense!
Every one put the buy order & pending order of 1500 & SL of 1450 ,but this Big boys game in this ECB News to stop hunt within 1430 levels,if its Real their game they again start the fresh aggressive buy from the dips ,we will wait & see ,what will happen ?
AUDUSD also crashing. That is the correlation between EURUSD, Gold and AUDUSD
Make all possible mistakes in demo and rain in pips in live account
9jatrader All Time Return: -34.3%
  •  Guest
  • | IP XXX.XXX.55.216
the technicals favour the downside, the news just make it happen fast
Whoever got on the train, congrats Fellas. This shit is free falling . Thumbs up for 1.264
20 Comments here and NOBODY mentioned that USDTRY Gapped UP 400 Pips and had spreads up to 2000 PIPS!
Other TRY pairs, e.g EURTRY also moved.
Quoting Micc23
20 Comments here and NOBODY mentioned that USDTRY Gapped UP 400 Pips and had spreads up to 2000 PIPS! Other TRY pairs, e.g EURTRY also moved.
nice little retrace
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
  •  Guest
  • | IP XX.XX.17.87
how long does the downward movement occur?
If the French, Italian and Spanish Banks are denomination with Turkish Lira , so what? does any one think Lira is not a strong and emerging Currency!!!
Quoting Dr.Zain
If the French, Italian and Spanish Banks are denomination with Turkish Lira , so what? does any one think Lira is not a strong and emerging Currency!!!
Well it doesn't look like a strong currency does it !?
Oh $ surges again
I was in gbp buy expecting it 2 go up.bt messed up.can any1 tell wats goona happen next
Quoting Aussi
{quote} nice little retrace

.....you Bet!!!!!
Quoting rodlogan
{quote} .....you Bet!!!!!

....up 284 pips already....
Chf knock the $ down!!
Quoting mazchaudhry
Fake NEWS ,,,Turkish lira is not such strong asset that can cause trouble to Euro ( Combined currency of 26 nations ) ,,, Eur Usd is going up sooner . There are big players behind the scene .

Totally agree. As what I said before, there is something dodgy on the USD forecast as an example to Jobless Rate. The projection for the Jobless rate is too high and when the results come in, of course, it does look like positive because the result was a bit lower than the forecast. But if you will compare the previous month to the current, it is almost the same jobless rate or even more.

Talk about misleading people on data outcome....

I don't see any reason why all of a sudden the problem in Turkish Lira will have a big impact - yes Turkey owed two big banks in EU, but this is not really impacting the EU economy - Turkey still needs to pay at some point so why panic - they just need to enter into another agreement.
Look at the weekly chart of eur, it's so obvious that it turned into a wave 5 down with last week's candle which broke sh/term ma's with a bang to end lower than the previous 6 candles. Also was last week's bar a thrust bar because it built up speed as it went down. Study your charts carefully, wait for the big trades.
Some guys are so hindsight biased you wouldn't imagine it! ....... smh.
C'mon guys, stop dramatizing, it's just 105 pips daily drop in a summer time low liquidity environment. Probably just Draghi's attempt to lower euro rate as a warning to Trump that EU can hurt US exporters too, if it wants to. Nothing to write home about. Now, if EUR/USD price breaks 1.3500-1.4000 support area, we might be in for some deeper correction. Price is testing weekly 100 SMA right now.

I'm more worried that all major stock markets turned red just because some obscure ECB warning. It says a lot about current sentiment. Investors have become very itchy. What will happen when some really troubling news hits us?
The trouble is when pressure is put on (ratcheting tariffs) something is going to give eventually. In relatively low volume markets volatility will indeed go up - whipsaws and false breaks a plenty. Size accordingly if not flat and move to higher timeframes. Outside of trend it's a wild ride.
  •  Guest
  • | IP XX.XX.125.41
FYI
Suggest be very careful interpreting this..
Bank for International Settlements (BIS) data shows Spanish banks due $83.3 billion by Turkish borrowers; French $38.4 billion; Italian $17 billion. The real exposure situation is not deducible from this data.
The issue is unhedged exposure. There is no clue to how much of the BIS listed "Claims on an immediate counter party basis"is hedged/laid off/derivative covered?? And how much through such mechanisms and risk management instruments is ultimately covered by US, UK Japanese and other banks.
I personally looking a data and listening to city gossip dont believe this was significant issue in Euro drop this morning.
YOU all miss the point of move DXY BREAKOUT of 95.50 was trying long time for that.
The news is after the fact
Quoting Guest
This means someone is catching large fish in troubled waters ...
No, this means someone is catching large TURKEY...
...because you never know - until you do!
Quoting mazchaudhry
Fake NEWS ,,,Turkish lira is not such strong asset that can cause trouble to Euro ( Combined currency of 26 nations ) ,,, Eur Usd is going up sooner . There are big players behind the scene .
Why do the commercial members always get it wrong?
...because you never know - until you do!
Quoting Dr.Zain
If the French, Italian and Spanish Banks are denomination with Turkish Lira , so what? does any one think Lira is not a strong and emerging Currency!!!
No the Lira is NOT a strong and emerging currency. The French, Italian and Spanish banks made LARGE loans to Turkey to pay for building projects that the country can not afford. Now that interest rates are rising the Turkish government will not be able to pay back the banks and these loans will go bad - THAT will affect the EU banking sector, just like the bad loans the US made in 2008.
...because you never know - until you do!
Quoting Bakker
Look at the weekly chart of eur, it's so obvious that it turned into a wave 5 down with last week's candle which broke sh/term ma's with a bang to end lower than the previous 6 candles. Also was last week's bar a thrust bar because it built up speed as it went down. Study your charts carefully, wait for the big trades.
Thank You for a concise technical analysis - spot on!
...because you never know - until you do!
Thanks fxsport
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  •  Guest
  • | IP XX.XXX.94.18
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  • Story Stats
  • Posted: Aug 10, 2018 12:34am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 52  /  Views: 17,904