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The Flipside of Mario Draghi’s Congested Trade

From beta.dailyfx.com

As we head into the holiday season and the last 20+ trading days of the year, animportant question should be on your mind if you’re planning on being exposed to the EUR. That question is, “What is potentially not priced into the EUR on the downside given the risks ahead?”Markets are a discounting mechanism meaning that once credible information comes onto the scene,that informationis quickly priced into the market. This article is designed to spell out the dangers of counting on EURUSD or EUR/XXX downside into this data-heavy first week of December, especially December 3rd. “Be aware that the market does not turn ... (full story)

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  • Category: Breaking News