Ogboraph:

ohhh wat is this? there has been a big jump up on EURUSD EURJPY UP UP we go am happy all those who sold am sorry

bond777:

How many pips jump? and wht broker do u use?

Cheers 

Ogboraph:

 ohhh wat is this? there has been a big jump up on EURUSD EURJPY UP UP we go am happy all those who sold am sorry

The German finance ministry is actively pushing for Greece to declare itself bankrupt and to agree a "haircut" on the bulk of its debts held by banks, a move that would be classed as a default by financial markets.

Eurozone finance ministers meet on Monday to approve the next tranche of loans from the EU and the International Monetary Fund, designed to stave off national bankruptcy while the new Greek government puts the country's finances in order.

But the severe austerity measures being demanded have caused such fury in Greece, and the cuts required are so deep, that Wolfgang Schäuble, the German finance minister, does not believe that any government would be able to implement them.

His pessimism has been tipped into despair with a secret European Commission, Central and IMF report that even if Greece made good on its promises, it would not be enough to reach the target of bringing total debt to 120 per cent of GDP by 2020.

"He just thinks the Greeks cannot do what needs to be done. And even if by some miracle they did what has been promised, he - and a growing group - are convinced it will not pull Greece out the hole," said a eurozone official.

Hi Guys, Yes the EU,AU jumped 60pips or more, but what i see is a large gap.From my knowledge of gaps, they must be filled, So i think that these pairs will fall to fill these gaps before they push up> the Log also depends of the outcome of the meeting.If Greece leaves the EU, then that's a big sell signal but if it is bailed out, then that's a Buy.For now I will just watch the market to know what its up to before taking my trade.Who trades gaps please,

resourceng:

@kenny, yeah you are right about that gap, but note that at times gaps might not be filled till the the second day.

McHenzyPips:

Yea, but i was on sell swap and i had to scalp the market surge to cover my -86 pips, just got 48 pips from when i met the movement. Just praying that grease doesnt get bailout for me not to lose much. I hate losing in this, now at 1.3235 from 1.3183, what will you call that?

naijababe:

Y'all better be aware that NY will not open tomorrow because of president's day holiday. I personally expect most of these gaps to be filled.
.

naijababe:

Y'all better be aware that NY will not open tomorrow because of president's day holiday. I personally expect most of these gaps to be filled.
.

ehizmac:

my lady i hail you ooo longest time,

Concept:

To every action there must be equal in opposite reaction. fingers crossed.

naijababe:

Been around o, plenty green pips in the account, abi?

dboy365:

make them dey dream instead of banking their profit now. I remain on the sidelines jare. Better not to trade than to get losing trade and be praying for pips to move in your favour. Less is more for me! Trade like a SNIPER.

ehizmac:

Mr concept how far, you just forget me abi, its not fair oooo, happy piping by his grace ooo