trading801's Koala Forex Articles and EUR/USD views

Correlation Report : EUR/USD - Gold May 10

http://www.thegeekknows.com/2010/05/...ld-may-10.html

interesting review, thank you my friend.

Euro zone agrees emergency steps to contain crisis

BRUSSELS (Reuters) - Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.
The leaders of the 16 countries that use the single currency said after talks with the European Central Bank and the executive European Commission they were ready to take whatever steps were needed to protect the stability of the euro area.
"We will defend the euro whatever it takes. We have several instruments at our disposal and we will use them," European Commission President Jose Manuel Barroso said after a euro zone summit in Brussels.....


http://finance.yahoo.com/news/Euro-z...html?x=0&.v=16

EUR/USD Review by Senior Koala Masoud !!

http://www.thegeekknows.com/2010/05/...-9-may-10.html


Thanks Masoud and hope all its ok.

every things is OK and perfect, Thank you so much my friend for edit and share.

Hello and good morning all koalas friends.

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I really missed Jm4x I hope he is fine and better. I praying for him

.

This is not fair I do not believe this is wrong, This is a play with Trader and with trader money.

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Trading Error at Major Firm Blamed For Selloff

A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC.

Multiple sources said a trader entered the letter "b"—as in "billion"—when he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time. U.S. stocks plunged suddenly, briefly by more than 9 percent, before pulling back to a near 3 percent drop, as investor worries mounted that Greece's debt problems could spread.


Sources also told CNBC that the firm in question is Citigroup.
Citigroup said it has no evidence of a bad trade but it is investigating the situation.

"We, along with the rest of the financial industry, are investigating to find the source of today's market volatility," Citigroup said in a statement. "At this point we have no evidence that Citi was involved in any erroneous transaction."

According to a person familiar with the probe, one focus is on futures contracts tied to the Standard & Poor’s 500 stock index, known as E-mini S&P 500 futures, and in particular a two-minute window in which 16 billion of the futures were sold.

Citigroup’s total E-mini volume for the entire day was only 9 billion, suggesting that the origin of the trades was elsewhere, according to someone close to Citigroup’s own probe of the situation. The E-minis trade on the CME.

A CME spokesman said it found no problems with its systems.

The New York Stock Exchange reported there were no computer glitches in its systems Thursday.

Separately, Nasdaq said it was working with other major markets to review the market activity that occurred between 2:00 p.m. and 3:00 p.m.

2010 CNBC.com
http://www.cnbc.com/id/36999239

ya i wonder if he is ok... sigh..

u saw your the forex gap today?


btw that drop in the equities was WOAH.. so deep.

Hi King

Yeah very wonderful gap, 175 pips in EUR/USD and 315 pips in EUR/JPY

Trichet's credibility questioned amid ECB steps

FRANKFURT (MarketWatch) -- Stephen Pope, chief global equity strategist at Cantor Fitzgerald, expressed skepticism about the measures outlined by the European Union and the European Central Bank. Pope questioned whether ECB President Jean-Claude Trichet had any credibility left after the ECB finally announced it would buy government bonds despite earlier dismissals of the idea. "What will be bought -- if distressed bonds, which nation; surely there will be disagreements over what nations' bonds will be acquired, in what size and when? Where on the curve? Will this create a speculators playground by suddenly going long of all the PIIGS bonds?" Pope wrote in a note. PIIGS refers to Portugal, Italy, Ireland, Greece and Spain.

Latest The Koala System Review

http://www.thegeekknows.com/2010/05/...may-7-may.html

very good job, thanks koala king, interesting review.

after few week trade in real.

where is A51 and Francis???

good job..

yah i wonder where r they

hi all new friends.. most welcome to visit the blog, chat here or on facebook ! most impt is we all learn forex together..

Latest EUR/USD Daily Review

http://www.thegeekknows.com/2010/05/...10-may-10.html

Thank you koala king, great and useful review.

Hello and good morning koalas friends.

good morning buddy how r u today?