But ECB's (and Draghi's) credibility is long lost. Right now it is a matter if they are able to do what they must, not what they know that should be done. If they are not able to do what they must do, then what the hell are they getting payed for?
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I fully agree with you, EURUSD will range from 1.3600 to 1.3642 until Thursday at the ECB Monetary policy statement and press conference.
Depends if someone is placing some stop losses or pending orders there too. Then it can be thrown out like from a slingshot
Range in the last 1.5 hours = 1 pips Go to rest people and come back on Thursday (or at least skip Asian session) there will be nothing
Agree, I would stay out of this pair until Thursday.
Rebounding again
Oh well - waiting ECB too
Someone is placing buy limits near 1.36 again
There is a nice article about what might happen this Thursday.
ECB's credit and credibility test by Robert Peston.
There is a nice article about what might happen this Thursday. ECB's credit and credibility test by Robert Peston.
Nice article
But ECB's (and Draghi's) credibility is long lost. Right now it is a matter if they are able to do what they must, not what they know that should be done. If they are not able to do what they must do, then what the hell are they getting payed for?
Whatever ECB will do it will take years and years to find jobs for all the unemployed in the EU now
They have ruined some regions for ever
Hi Guys,
Finally the week we were waiting for is here. Hoping Bernanke's "the ECB will act" will finally materialize.
A further 300 pip drop would be a really cool thing
It is on a road to break 1.36. On more push, and it will be gone