Eurusd/gbpusd - page 1543
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It already lost momentum. The trust that it will be depreciated lasted just one day
It is a typical after shock day. With a lack of any news today, it will probably change only on some profit taking
Market makers are now weighting should they believe Draghi or not. Don't think anything new will happen before Monday
It is a typical after shock day. With a lack of any news today, it will probably change only on some profit taking
I fully agree with you. Draghi’s dropped yesterday an unexpected bombshell that the governing council is comfortable with acting next time, speculating on an easing policy in June.
Profit taking have started : now that long to short disproportion that was on the start of the week is going to be corrected (people are closing profits of all those short orders)
This would be it
Quite a good range today compared to the dead season we had (and probably going to have again)
After so many attempts to break 1.38 level, now they just went through it as if it was not there at all
This time the market believes Draghi, but if they fail to deliver, there will be hell
After so many attempts to break 1.38 level, now they just went through it as if it was not there at all This time the market believes Draghi, but if they fail to deliver, there will be hell
Not sure yet that 1.38 gave up, but it is close
Seems that EURUSD is at a no mans land now - sell in May?
See the Oanda long-short ratios now : 20% difference from Monday
:):)
There was alot og short positions closed in the last two days (saved by the bell:))
The GBPUSD can keep dropping to the 1.6800.
Seems like market is preparing for a new wave of longs