Eurusd/gbpusd - page 1451
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Draghi economics
Isn't he a Goldman Sachs man?
Draghi was short Euro today...
Nagh
He is just boring with the same old story and traders used that as an excuse to do something. Imagine how nervous Draghi got when he thought that they take him seriously
NFP day today. Almost sure one more nice little whipsaw
if i was Draghi i'd of opened a few Hundred Contacts or at least got a mate to
or seems they did
he was smiling a lot earlier this morning
NFP day. Caution recommended because now any NFP data can cause violent reactions (whipsaws)
What is the importance of NFP now when they started the QE taper? They will stop the taper? They will cut the rates to negative rates? I mean, whatever the NFP shows, it will not have influence to what FED does
What is the importance of NFP now when they started the QE taper? They will stop the taper? They will cut the rates to negative rates? I mean, whatever the NFP shows, it will not have influence to what FED does
It can make a lot of difference, in my opinion.
It's not the matter of thinking about what has already done.
This outcome will help them analyze the possibilities of further reduction in the QE.
If the outcome is good, then they can further reduce the QE in the coming months.
This is just my thinking though.
I am not an expert
I would agree if the purpose of QE was to save the economy. But the purpose of the QE was to save the banks, not the economy. So what does the economy recovery have to do if the banks are still going to get taxpayers money to get profits from which they are going to be able to effortlessly pay the fines the way JP Morgan does ($28 billion just in fines)? FED should save us from the banks, not the banks from their own stupidity. And NFP is just going to be used by those same banks as a cause to rig the rates again
eur/usd
The pair broke the support at 1.3590-1.3625 and if it manages to consolidate below, it is likely to increase the downward trend and will eventually lead to testing 1.3295 support or the mark 1.3100. An upward trend reversal is possible from any of these supports while a break below 1.3100 currently seems unlikely.
The break through a rising trendline 1.3700 led to the a bearish trend. Yesterday the pair updated the local minimum 1.3570 giving an additional signal to go short.
The break below 1.3550 opens the way to the support level 1.3500.