Eurusd/gbpusd - page 1535

 

I agree with the analysis, good point.

 

15 hr correction followed by a 30 pip impulse, on the EU, certainly not the best move but with these market conditions, 30 pips is better than nothing.

 

Price is going to be zeroed to daily open before the US unemployment claims. No volume today

 

Jobless claims had no impact at all at EURUSD. HFTs out of jobs

 

Price zeroed after all the news

Only NFP tomorrow and greed can move EURUSD now

 

Draghi promised "unprecedented steps as soon as next week to avert the risk of deflation."

This time he promised. Let see if he really keeps his word

ECB Gets Mixed Inflation Signals as Draghi Considers QE - Bloomberg

 

a bit of deflation never harmed anyone, except the powers that be and big business

the world could certainly do with some,

wages might of deflated in the "financial crises" but cant remember anything else going down

except 50" plasmas screens, everything else went up, now they want it all up again further

food bills are still up 25-30% in the UK and set to rise further / heating bills up / petrol still up / clothes up etc etc

alcohol is not up though, so can still drink as much as possible

if "someone" was to bump off Draghi would the peasants get some deflation

 

They are not deflating wages in such conditions : they simply lay people off and transfer the business to places with cheaper labor force. Oh yes, and they raise their own bonuses for making such a smart decision to force those same laid of workers work for any salaray just to survive

All they need the inflation for is to have an excuse to get more money from the slaves

 

The GBPUSD consolidates around the 1.6900 level, forming what it seems like a pennant on the 4 hour chart. This current formation may act as a continuation pattern, therefore we must be attentive to a possible breakout and possibly a visit of the 1.7000 level.

 

NFP day. As usual calm before the NFP data. little opportunities to trade - more a betting opportunity to take sides before the data release

Reason: