Eurusd/gbpusd - page 1520
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There was front running again - 2 minutes before the news was released
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
They can not afford not to believe any more
Central banks are running the games, and one crazy decision (like ECB doing what ECB tells) can cause severe reactions. So, they are pricing it in
We all depend on central banks now - we are at a mercy of a couple of people that never were elected by us
All the news are flooded with ECB members that are parroting the same thing they have told so many times : that they will act if the inflation remains low whatever it takes. Since the first time they stated that inflation fell 1.2% (they started when inflation was 1.7%). Now, with optimistic glasses on, the inflation is 0.5%, and they are still "ready to act".
Of course that CBs are driving the market. but this is not driving - this is a roller coaster they have sit on and they have no idea where it leads. You can not run CB "politically" (using words not acts). So it s no wonder that all this is ridiculous display of incompetence to understand a basic thing of economy : higher exchange rate == lower competitiveness out of your currency yard.
But then, maybe they will find some "Economy 101" one day on some sales and then there will be a brilliant idea "Hey, we can do the same s... FED does - print money like crazy (ie : the so many times mentioned QE)"). Maybe. As of real economy solutions we can only dream of
I have noticed that in last couple of months EURUSD is very "weekly" cyclical (cycle last in average 4 days, so it is not exactly weekly but close to it if we take into account Friday profit collecting avoidance). The only logical explanation is that it is heavily controlled - and the control does not come from either ECB or FED. The time of China is here
The GBP/USD may visit again the 1.6700 level. This could present us with a second opportunity to go long, but there is also a chance of getting a breakout.
8 pips range?!!!
How many of you guys remember that EURUSD ever had this kind of a range in an Asian session
8 pips range?!!! How many of you guys remember that EURUSD ever had this kind of a range in an Asian session
Market has started pricing in the expected (this time) QE decision (nobody believes that the interest rates will be made negative). But, from past experience, the market is cautious : it has been tricked too many times into a change only to find out that nothing has been changed
Short term trend is bearish, but that can change any day
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
Whatever, the technicals tell a better story.Since we can't him from yapping better follow the classical TA and ignore him. Eventually it will all be factored in the price.
It is just a matter of time when will EURUSD continue bullish trend. These kinds of tight daily ranges are always happening before short term trend changes
Looks like 1.38 is a strong support guys