EURUSD

A link to ECB Press Conference please

Lets go to press conference.
euro is going higher.

Oh the fakers, they cut it !

Nothing intersting in the PA so far...except the fact it couldn't hold below 1,3125

So it may go up now

lolz! They cut the rates and market moves UP ???????

http://www.ecb.int/press/tvservices/...130502.en.html

Sky clearing to 1,3300 if we can't head back below 1,312x

why does it need to go as low as 1.3125?

Guys this is where my lack of experiance comes in advice would be helpfull. Im long in the green do I close cos at the moment im doubthing long and short .....

For a bigger trow down...

Until the ECB Press Conference ... I don't trade EUR/USD ... it can go in any direction a blow your account ... attention newbies!

time for the rally '
Will ECB Kill the EUR Rally?

The euro has performed extremely well leading up to Thursday’s European Central Bank monetary policy announcement. In fact, it may be hard for some investors to believe that the majority of economists are looking for the ECB to cut interest rates by 25bp. Traditionally, expectations for easier monetary policy is negative for a currency but in the case of the euro, since the central bank started dropping hints about the potential for lower rates and economic data confirmed the need for more stimulus, the euro appreciated in value, rising to its highest level against the U.S. dollar in 2 months today.
The European Central Bank has done a great job of setting expectations for this month’s monetary policy meeting. They are known for preparing the market for any upcoming changes in policy with the hopes of minimizing volatility when the actual change is made. Since the last meeting, we have heard consistently cautious comments from policymakers who all sound as if they are warming to idea of more stimulus if data warrants it and it certainly does given the widespread weakness in German business, consumer and investor confidence along with the decline in manufacturing and service activity.
Therefore a simple rate cut by the ECB may not be enough to kill the euro rally. The key is what else the central bank says they will do. If the ECB indicates that they are one and done, meaning that one rate cut is all they plan to give and nothing more, the euro could actually rally because the real impact on yields would be nominal as the eonia or (Euro OverNight Index Average) rate has already been trading near zero for the past 9 months. However if the ECB suggests that they are willing to do more like accept a negative deposit rate, ease collateral rules on loans or Quantitative Easing, the EUR/USD could fall quickly but we think this scenario is unlikely. While there’s no question that the central bank will have grown more nervous about the outlook for the Eurozone’s economy, we believe that the chance of the central bank going above and beyond is slim because ECB President Draghi will want to leave pressure on individual governments to address core fiscal issues."

this is all silly, if the rate was held at 0.75 would we see 1.4 today?

Eh, I ve covered my shorts, and err, give me like two weeks and I will tell you. Need to make new trading plan. Right now I would think for equities and bonds rally spiking us to retest highs @ 322, maybe like ,34 and then 1,18 @ end of the year. Doesnt match my cycle. So am flat and possibly going to work for a while .

T

Keep selling guys! It will drop don't you worry!

is the mkt some kind of joke right now?

What has just happened?

did anyone buy in at 1.3125... hahaha

When in doubt, stay out. It could be a stop hunt.

totally agree. those that stayed out stayed safe. better to trade outside of volatile news like NFP, ECB etc etc

if u do want to trade during news times, trade with a tight stop

Exactly.