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  • ECB Draghi: No Discussion About Cutting Rates Today - BBG

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  • Draghi speech: We still see risk of recession being pretty low

    From fxstreet.com

    Following the European Central Bank's expected decision to keep the benchmark interest rate steady at 0%, Mario Draghi, President of the ECB, is responding to questions from the press with key quotes, via Reuters, found below. "Experience of other central banks in tiering will be an important element in design." "There was no discussion about the size of a rate cut." "We still see risk of a recession being pretty low." "We still see signs of resilience in the labour market." "If there were significant worsening in euro area, significant fiscal policy becomes of essence." ... (full story)

We are cutting rates!...

Haha, JK. LOL...!

WOW! :o
Euro: Sorry guys, I am go wrong way LOL
usd not cuttin rates also
Early to bed, early to rise, keeps you healthy, wealthy and wise.
SET 1.14
and FTse. 7200
Not really a surprise...market was doing everything to trap naive bears, with the help of biased articles and tweets.

And yes, I have been saying it before this upmove happened.
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
Not really a surprise...market was doing everything to trap naive bears, with the help of biased articles and tweets. And yes, I have been saying it before this upmove happened.
and numbers (stellar in Europe, lame in the US)
Quoting Nobody-yet
{quote} and numbers (stellar in Europe, lame in the US)
I beg to differ on this comment. Most of Europe's have been terrible or barely holding their own. Although I did expect this upturn, it sure isn't due to Europe's data.
my friends dont be so much positive , German economy sucks so ... eur 1.1 again , Draghi is from history , last speech so the next prwsident is more dovish .
Quoting loriflori
{quote} I beg to differ on this comment. Most of Europe's have been terrible or barely holding their own. Although I did expect this upturn, it sure isn't due to Europe's data.
That was just caustic humour. Of course numbers in EU are bad across the board, conversely in the US. Forex is always full of surprises.
Quoting Ghass1234
my friends dont be so much positive , German economy sucks so ... eur 1.1 again , Draghi is from history , last speech so the next prwsident is more dovish .
I don't think eur/usd goes under 1.11, it will go toward 1.1220
all price movement di EU and GU now is manipulation .... hehehe ..... better to avoid trade .... market maker need money to cover their cost
Follow price direction
It may correct as high as 1.1220, although 1.1195 is more likely, but then it will retrace back down to 1.1100 (and I think a little lower) before we will EVER see the numbers some are quoting of 1.14 or 1.15.... long time to wait before those come!
Quoting hesron
all price movement di EU and GU now is manipulation .... hehehe ..... better to avoid trade
Stayin Back !! There is hurricane coming through...1.2200 quarter end target .
WALL STREET IS CRASHING
Invest in alarm clocks
The market is just making a false breakout at both sides
Quoting swing77
and FTse. 7200
hmmmm
Attached Image (click to enlarge)
Click to Enlarge Name: #FTSEH1.png Size: 37 KB
If you are shorting the EURO stay with it, the overall trade is that the EURO is looking at easing yet again. Unless there is a reason to long stay short. The overall trend is down. So what it runs up, if you are day trading back off your over leverage if you have and now you have to sit and wait to get back to even, but don't do idiot moves like some would suggest because mark this post it will go down again even as I type this
Eur is done with it's corrective wave 4 up, will now turn down for wave 5.
Quoting swing77
{quote}
are you one of them
Follow price direction
Quoting swing77
{quote}
better retail don't play games traders when the market maker makes sideways price movements, because they play on both sides up and down ....
Follow price direction
Quoting livetotrade
If you are shorting the EURO stay with it, the overall trade is that the EURO is looking at easing yet again. Unless there is a reason to long stay short. The overall trend is down. So what it runs up, if you are day trading back off your over leverage if you have and now you have to sit and wait to get back to even, but don't do idiot moves like some would suggest because mark this post it will go down again even as I type this
Why shorting a low ? Don't tell me you are ready to short 1,11? a yearly low... Better wait for a nice move up before shorting

Buy low, sell high, that's the idea
COT: The precious data ignored
Not prepared to wait a year for a trade.
Quoting kuroro001
{quote} Why shorting a low ? Don't tell me you are ready to short 1,11? a yearly low... Better wait for a nice move up before shorting Buy low, sell high, that's the idea
No, just saying I have been in enough of these situations to watch people who inadvertently get in to ride the lower low, and then a pop and they turn around to run the other way, only to watch it come back down again and test the bottom.
Quoting Bakker
Not prepared to wait a year for a trade.
Then you're not prepared to work out of a situation which leads to a lack of discipline and trading. It's all about Money Management and not putting everything in on one trade, but stage trading.
Money management is key, I agree, but you must know there's all kind of traders!
eur again down ?
EUR/USD proving my point this is a workable trade came down from 1.1177 as I was typing to now down 40 pips. Manage your trades young traders and understand why you got into the trade and stay with it. 1% a day is laughable to some until you do this over a period of a couple of years and then you can do it full time. A wise old trader used to tell me all the time. Anthony if you love your buy at $5.00 you'll love it at .50!!! Don't swim with the crowds learn to understand the fundamentals and technical. Anyone that tells you its one or the other is on medication. It takes both and no one knows how the markets will react all the time. These guys and gals that tout their I knew and posts are full of it. Anyone can come back months from now and say I knew or weeks or days. Its about discipline and following your rules and stage buying! Keep pushing and don't give up your dream!

Happy Trading!
Livetotrade
See!! You don't need to wait for a year to get 40p!!
lol Bakker - you're right but again its stage buying or selling whatever you're doing. i'm trying to give some of these young traders a word of wisdom because there are many nutchuckers on this site that tell them the wrong things.
These are news threads. And with most of the stuff published here being way behind standard Sqwalk services, ie late and largely irrelevant to Event traders, comments here, to be of any use, should relate to adding informed analysis of the event risks that flow from the new items featured. Or throw light on relevant the economic and political background/contexts to the fundamentals at issue, and not immediately evident from the featured news. Ideally posts should be focused on perspectives that ADD INFORMED views on the subject... or provide leads/links to additional reputable sources... and allow experienced analysts/traders who comment from experience to provide background to newbies.

Instead too often threads descend into trader 101 discussions on how to trade... broker rants, manipulation conspiracies, and partisan trolls with political agendas. FFS cant FF sort some policy on making this part of their site a bit more value-added for the "professional Traders they pretend this site caters for... or they will loose the last assets they have in terms of the few experienced professionals that bother scanning and commenting on this site.
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting livetotrade
lol Bakker - you're right but again its stage buying or selling whatever you're doing. i'm trying to give some of these young traders a word of wisdom because there are many nutchuckers on this site that tell them the wrong things.
No ill feelings brother, just pulling your leg!!
Quoting RossEdwards
These are news threads. And with most of the stuff published here being way behind standard Sqwalk services, ie late and largely irrelevant to Event traders, comments here, to be of any use, should relate to adding informed analysis of the event risks that flow from the new items featured. Or throw light on relevant the economic and political background/contexts to the fundamentals at issue, and not immediately evident from the featured news. Ideally posts should be focused on perspectives that ADD INFORMED views on the subject... or provide leads/links...
Wholeheartedly agree with this comment. Great job thanks. Hopefully FF takes action...however, I will not wait on it.
Invest in Life
Euro killed us today playing games
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