Eurusd/gbpusd - page 1519
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Viva Mario : you are the beacon to us poor traders. I we can count on something, we can count that you are going to do all wrong
You are probably right : we can always count that he will do exactly the opposite of what the economy is saying. It is clear that his decisions are favorable to only one country in the EU, so it is also clear who is the real boss in the ECB
Anyway, it reached a projected (from previous price changes) resistance this week. Will be interesting to see how it will hold (or not - then it will need a revision). Trend is a clear bullish trend (even on a daily charts)
You are probably right : we can always count that he will do exactly the opposite of what the economy is saying. It is clear that his decisions are favorable to only one country in the EU, so it is also clear who is the real boss in the ECB Anyway, it reached a projected (from previous price changes) resistance this week. Will be interesting to see how it will hold (or not - then it will need a revision). Trend is a clear bullish trend (even on a daily charts)
Mario is so reliable in what he does that he is more predictable than Bernanke. Bernanke sometimes was able to surprise (following his ego) but Marios ego is so big that he does not care about the opinion at all - and he always does what he is ordered to do
Ratios before the official market open :
40 pips gap down (bloomberg quotes)
40 pips gap down (bloomberg quotes)
They are already moving to close the gap
Probably not during Asian session but there is no way that it is going to be left like this
Level 1.3850 will be the Asian session level
Gap was thanks to Mario trying to talk the Euro down and Ukraine - tomorrow the London session will show to Mario what do they think about his statements and since there will be nothing new in Ukraine, London session will close this gap.
And now see if anything happens when London session starts
Enough with Mario and constanzio, technically we have a range bound day with little action expected till after the US open
Enough with Mario and constanzio, technically we have a range bound day with little action expected till after the US open
How can we ignore statements like this :
We know that he is not telling the true but now we all are in a guessing game if the market will believe what he tells or not. For now, it seems that the market did believe him this time
I don't think that US session will bring some big change this time. Too much eyes turned to Ukraine instead to fundamentals. When politics is driving the rates, the rules are different