All data known is understand by different people in different ways. The total volume now in Forex is estimated to be around Four Trillion Dollars.
My guess is that the Retail Traders make up about One Trillion. Does anyone here have more accurate numbers ? That being the case when news comes out such as the spain news then the news seems good to those less knowledgeable and so EUR/USD goes up. By nature humans are positive so they want to believe in Santa Claus. They think that their Government will save them. There is very little Government for the people in these days. The Powers that be are losing control and they know it.
Yesterday was a watershed event. It showed us that the ECB and the FED are out of bullets. That is why on the surface they did nothing.
Underneath the surface there is much going on. They have no choice as we are nearing the END GAME.
So while it was normal for the World to expect Draghi to do something it is clear that for the moment he is without any power.
There will be a new plan in place in September when they meet in Jackson Hole to discuss and plan things before the first Tuesday in November.
My GUESS on NFP is 65,000 NEW jobs created.
36 minutes until we know.
My guess is that the Retail Traders make up about One Trillion. Does anyone here have more accurate numbers ? That being the case when news comes out such as the spain news then the news seems good to those less knowledgeable and so EUR/USD goes up. By nature humans are positive so they want to believe in Santa Claus. They think that their Government will save them. There is very little Government for the people in these days. The Powers that be are losing control and they know it.
Yesterday was a watershed event. It showed us that the ECB and the FED are out of bullets. That is why on the surface they did nothing.
Underneath the surface there is much going on. They have no choice as we are nearing the END GAME.
So while it was normal for the World to expect Draghi to do something it is clear that for the moment he is without any power.
There will be a new plan in place in September when they meet in Jackson Hole to discuss and plan things before the first Tuesday in November.
My GUESS on NFP is 65,000 NEW jobs created.
36 minutes until we know.