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- cloggie replied Apr 18, 2012
Little point with the sprog, I have been giving links and facts all afternoon with the kid, and he just can't get past his ignorance to face up to the facts.
EURUSD
- cloggie replied Apr 18, 2012
Yup, Frankfurt sets the value and does 90% of the daily volume, and all the massive trading floors in London from UBS, to GS and DB all got it wrong, what the feck do I care.
EURUSD
- cloggie replied Apr 18, 2012
Again you are clueless, EBS and Reuters have been working together since 2006 to get you the fix rates, they are refreshed every 30 minutes and set 2 daily fix rates one at 1100, one at 1600. That was the whole point of getting a transparant ...
EURUSD
- cloggie replied Apr 18, 2012
The value is set by the market, not by the ECB, the market is London.
EURUSD
- cloggie replied Apr 18, 2012
Freakin heck, you are an idiot. I gave you all the facts with all the links, right from the source, but you still can't face up to your own ignorance. You don't see me making sh!t up, I back up what I say with facts and sources, and you still argue ...
EURUSD
- cloggie replied Apr 18, 2012
Crap you really are a fool: url Go see the EBS-Reuters report themselves, the London fix is at 1600. It has been like that for over 100 years. But heh, don't let your stupidity and ignorance get in the way of the facts.
EURUSD
- cloggie replied Apr 18, 2012
What does the fact that the ECB is in FRA have to do with where the traders are? I tell you what, you go to FRA and see if they can fill 3 yards, they will laugh at you, it can't be done, unless they break it up or send it to London.
EURUSD
- cloggie replied Apr 18, 2012
Uhhh, London shut, all of EU shut, Asia shut and NY out for lunch....Witchin hour.
EURUSD
- cloggie replied Apr 18, 2012
I left the thread because the level of stupidity became unbearable. Why does the average retailer here has no clue on the basics is beyond me. The basic time levels during a day are tremendously important, you have to know when parts of the world ...
EURUSD
- cloggie replied Apr 18, 2012
Well, that took 3 freaking pages. Now go ignore the FRA close and start doing what 99% of the traders do and use London. Now just get your close right, because you are still clueless on that one too. Lemme give you a hint, it ain't 1700
EURUSD
- cloggie replied Apr 18, 2012
Do yourself a favour and go have a look at the BIS website, they monitor all FX trades worldwide, FRA does 1/2% of the volume, not 93%. You are just making sh!t up while I give you documented facts and you still can't see it. It is impossible to ...
EURUSD
- cloggie replied Apr 18, 2012
Cr@p, you are misinformed, it ain't even funny anymore. In 2010 EUR counted for 39% of Daily volume, Dollar was 85%, of the daily volume, FRA is responsible for roughly 100Bn a day, London runs 1,900 Bn a day. (go see the BIS website for yourself) ...
EURUSD
- cloggie replied Apr 18, 2012
Blimey, just thing about what you are saying, FRA volume is 1/2 %, london runs 80% of European volume and half the worlds volume, WTF would anyone use FRA as a guide for the roll????? You can't trade from FRA as the Germans limit collaterisation and ...
EURUSD
- cloggie replied Apr 18, 2012
Frankfurt close? why would anyone take any notice of the Frankfurt close, FRA corresponds to less then 1/2 percent of volume, they mean nothing. WTF you talking about kiddo. May as well use Timbuktu, or Punta Del Esta, about as relevant as FRA, ...
EURUSD
- cloggie replied Apr 18, 2012
Blimey that is exactly the same sh!t that Mr incredibble and Turmaz always spouted here. The funny bit is that all 3 of you keep posting exactly the same charts too. All coincidence? I may have been born at night, but it wasn't last night.
EURUSD
- cloggie replied Apr 18, 2012
Because he is a little sh!t, that has been here under half a dozen different usernames, posts 50 posts a day filled with garbage and can't trade himself out of wet paperbag. I only stopped by today as I had several emails pointing the kiddo out to ...
EURUSD
- cloggie replied Apr 18, 2012
And just to complete the picture, the metals fix is also at 1600. I have no clue where you get your sh!t from, a cracker box? There is another fix at 1100, but I am not going to give away all the floor secrets here.
EURUSD
- cloggie replied Apr 18, 2012
Nah, you are wrong again kiddo. As a matter of fact the EBS london fix for the roll is at 1600, which coincides perfectly with the LSE close, you then get volume weighted pricing till 1620, followed by settlement at1630 and that's the close, any ...
EURUSD