DislikedThat was my point. Traders were trading the wrong news. ZEW is a BS economic indicator. ZEW is basically asking institutional traders how they feel about the German market in the next 6 month. You can't based a counties economic on asking 300 traders what they think.
The better bet was to anticipate the Bond auction, an automatic win for the EUR. Greece unloading bonds = good for the EUR = bullish EUR sentiment. What amazed me was that, traders are SELLING because they anticipated ZEW release to be bad (which it was) so they decided to jump on...Ignored
Quoting JhigDislikedNo I don't have a schedule but a friend of mine gave me a link showing Bonds being offered at a higher yield 4.65% (previous 4.55%)Ignored
No technical would have prepared you for this up run. Its a pure fundamental play. GU price has already positioned itself for an upwards trend. EU is a little late to the game. Everyone is paying attention to the wrong new releases when its the Bond auction that will play this week out.