[Archive] FOREX - Trends, Forecasts and Consequences (Episode 8: October 2011) - page 53

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Who has any thoughts on such moves?
 
kamihadze:
Who has any thoughts on such moves?
The Guardian has published an article saying that the German and French governments have come up with a mechanism to increase the Stabilisation Fund to €2 trillion. Just yesterday the German finance minister said there was no quick fix and moved the markets well down and today there is a solution. The question remains where will the money come from? They managed to come up with 700 billion and now it is almost 3 times bigger. They had to compensate for the downgrades of 24 Italian banks. And with this news they didn't even pay attention to it.
 
Weird... Up, down, and time to end the session
 
Shall I buy one?
 
Dimka-novitsek:
Shall I buy one?
We're on our way down and you're buying. The hike up was a divorce on the news.
 

Too late!

 
I read the news like everyone else. The only question is. Do we go to 1.38 again... or straight down?
 
Dimka-novitsek:
Shall I buy one?

It's too late to buy, we should look for a short position in the morning, maybe this time at the Asian session
 
Thank you!
 

that's how it looks ( head-shoulders with n4)...but there's a lot of news coming out tomorrow...keep your eyes peeled )))

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