Discussion in 'Forex Trading' started by sheda, Nov 30, 2011.
Coordinated intervention by the Central Banks.
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity. These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis ...
Wednesday, November 30, 8:09 AM The Fed, ECB, BoJ, BoE, Bank of Canada and Bank of Switzerland announce coordinated action to boost liquidity, lowering the interest rate on dollar swap lines by 50 bps and extending their authorization through Feb. 2013. U.S. futures rocket: Dow +1.6%, S&P +1.9%.
Does anybody still think that market price movements are random and unpredictable?
Luckily I was long the Euro against my better judgement. Just goes to show that my "judgement" isn't worth squat.
I'll keep entering trades on technicals and stop trying to read fundamentals.
No they're not random,
I think you all should suspend disbelief and watch Cramer's take on the Euro on last nights mad money...
You were kidding right?
Has euro reached its culmination?
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