Fed Press Release

If this was major news the euro woulda dropped 200 pips, the aussie woulda dropped 300 pips... neither has happened.

The market has said... "they kicked the can further into the weeds", so it's business as usual.

I would expect the euro to continue up past 1.3100 and the aussie onwards to 1.0600 after this short toilet break.

I have learned through observation not involvement that there is a gaggle of contributors to this section who regard a 20 pip rise or fall as an extreme event.

All analysts, big and small traders daily say that euro crisis is big problem in the world economic but euro day by day go up and up. look last 3/4 months historical data. i can not understand this game of the euro crisis. it is game of mind our mind only think crisis crisis crisis any body explain about this game. My english is not good. Sellers and buyer only want sell or buy their need is not crisis.

....before many european banks collapses...
It's not a good news.

Prediction or observation?

You must be dreaming. Read betweeeeen the lines and you will have bread and butter till the end of times.

I guess that's what make up a market...one guy buys, another sells. My money is on the long side...you many people looking for the imaginary selling while the technicals and fundamentals both say long (which having them both in agreement harshly happens).

If you look at M5 you will find that the Euro is biased to the upside but that the market is yet to make up its mind - a reflection of the arguments here. So this must be the market.

You got a list there to short? I like a dabble in that sector from time to time.

Poor Greeks...10 year notes trading at 12.91% today, 50% outh umemploymentm and now looks like they are going to have to contend with a 1.35+ USD, 110+ JPY, 1.24+ AUD...

I am weeping for them....there is nothing but pain pain and more pain in their future.

Watching the observer closely.

The Banking crisis.
It is about the credit default swaps that have been issued backing sovereign debt. The issuers have tremendous leverage so there is no equity to back up CDS holder claims. That is why Greece is kept afloat because a little country like that is enough to set off a chain reaction of Sovereign defaults that would wipe out the Banking system.
Every debt bubble generated by Central Banks has blown up the economy.
Ask yourself by research just how much leverage is in the system.
Central Bankers always say everything is under control until the bomb blows. Yet they keep pushing more and more debt

this wreaks of desperation....

Who else is to prop up the worlds financial system.
The domestic economies are not responding so the charade must go on.

Ok, first 15minutes after news, fake sell off has finished....now the rally up begins!

Both, both fundamentals and price action line up for a rally. I listed 10 reasons on another thread.

How many years has there been talk of Europe collapsing or their banks? They just keep getting bailed out.

Just let me know when this "selling" is suppose to start...I haven't seen any since 6am. And that wasn't even below pre-fed levels.

Well, I was wrong we didn't reach 1.3150 today. But I'm still waiting for this so called selling people were taking about.

funny thing about markets, everything is fine until one day one wakes up and finds all ones money gone.