In trading, you have to be defensive and aggressive at the same time
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Draghi, a Rabbit, the Euro and the Magic Trick Traders Envision
Mario Draghi needs to come up with something to surprise currency traders next week or risk a euro rebound that would threaten his efforts to boost inflation. The good news for him is that strategists are gaining confidence the European Central Bank president will pull it off and exceed the market’s expectations for monetary easing at the Dec. 3 policy meeting. Forecasters are cutting their year-end and first-quarter euro estimates at the fastest pace since March, when the start of the central bank’s bond-buying program sent the currency tumbling to a 12-year low. Options signal there’s a 70 percent chance the ... (full story)
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