Eurusd/gbpusd - page 1572

 

The "logic" of market : because the data is backing up what ECB must do, Euro is getting stronger ::):)

Isn't the whole point of ECB actions to make the Euro weaker?

 
nbtrading:
The "logic" of market : because the data is backing up what ECB must do, Euro is getting stronger ::):) Isn't the whole point of ECB actions to make the Euro weaker?

That is a usual profit collecting (they are not waiting two more days) and a small correction as a result of closing positions. This is not trend changing - that is a simple ranging that we had seen for the last week or so

 

Woooow

This was a massive exodus from short positions. Looks like nobody is willing to risk

 
searchingFX:
Woooow This was a massive exodus from short positions. Looks like nobody is willing to risk

According to some analysts, they think that a fall of inflation to 0.5% is bad enough to guarantee ECB action. Probably an H-bomb would be enough (if)

 
searchingFX:
Woooow This was a massive exodus from short positions. Looks like nobody is willing to risk

Not unless you wanna know what a rate drop can do to the markets.

 
nbtrading:
According to some analysts, they think that a fall of inflation to 0.5% is bad enough to guarantee ECB action. Probably an H-bomb would be enough (if)

No need for an H bomm

Just some more volatility and ranges similar to ranges at this time last year. This way we have to rise trading volumes in order to get decent (same as before) income, and that way we are rising the risk. Or maybe that was what they wanted to achieve from the beginning?

 
Price Action Trading:
Not unless you wanna know what a rate drop can do to the markets.

Bah

This is not going to be a rate cut. This can be something only if they do not cut rates (by now each bird on a tree is singing "rate cuts, rate cuts").

I remember when a BOE rate hike made a 100 pips gap on all the brokers since nobody expected it. All this is Draghis playing the game with the media in order to see is face in as many places as he can. It is priced in a long time ago

 
Price Action Trading:
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

Well I like the sound of that, 300 pip drop, yeahhh!

 
csc2009:
Well I like the sound of that, 300 pip drop, yeahhh!

:):)

If ECB does not start the QE that will be the other direction (regardless of the rate cut)

 

The GBPUSD has been trading in tight ranges for the past few days and it does not seem to go anywhere until the Bank of England makes it announcement this week.

Reason: