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If after this inflation rate they ECB does not do anything that can mean only one thing : that they are doing it on purpose and that they are lying all the time
Bad news is a good news ECB must cut rates (to negative) or it must QE. And both must push Euro down
SL was almost hit before it was zupped 80 pips up
might be a really good week for the bulls,
As I told : it is dip buying time. Everybody knows that Draghi will not do anything
This whole thing becomes ridiculous :
Nobody cares about the fundamentals. Nobody cares about the economy. Unemployment figures are so false that even Yellen admits that they are not real. All people care is what Yellen said, Draghi said, Carney said,.... and most of the time they tell absolute rubbish. This is not an FX world. this is a world of puppets (us) used to provide any kind of liquidity so that the bosses of Yellen, Carney, Draghi can skin us and we shall even thank them in the end. New normal
Asian session was 14 pips range !!!
It is getting worse and worse
Asian session was 14 pips range !!! It is getting worse and worse
It is getting worse : they are pricing in expected rate cut as POSITIVE (they are pushing it up). If that is not nonsense than I do not know what nonsense is
They are still pricing in rate cuts (or QE) by ECB that is expected. This is becoming as irrational as it can
Both sides are trying to push their poinnt of view right now : everyday some statements from Yellen and Draghi. And so far Draghi is loosing
Both sides are trying to push their poinnt of view right now : everyday some statements from Yellen and Draghi. And so far Draghi is loosing
Draghi is ordered to lose : he is Goldman Sachs man, remember?