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  • Draghi said to debate benchmark and deposit rate cuts of 10-15 bps – BBG

    From forexlive.com

    Headlines from Bloomberg, citing sources. • Draghi poised to keep rate cut option even after June move • “Draghi is likely to signal that any cut this week won’t necessarily be the final one” • Bloomberg cited two unnamed eurozone central bank officials • ECB could offer banks funding equivalent to 5% of their outstanding loan portfolios • Officials will significantly lower the 2014 inflation outlook from the 1% forecast from March Not even a slight knee-jerk reaction in the euro. Most of these headlines are out there but talk of more rate cuts is more dovish than 10-15 bps which is the range of ... (full story)

all debates will end in two days
best thing to do is to stay out of trade since then
They had months to do this and 2 days before the news they act like they debate? LOL

Now its almost 100% sure, no rate cut this week...usd will collapse by 200-300 pips.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 35.4%
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Draghi definitely is holding a card up his sleeve. But which sleeve, left or right?
Quoting OnlineAddict
They had months to do this and 2 days before the news they act like they debate? LOL

Now its almost 100% sure, no rate cut this week...usd will collapse by 200-300 pips.
My guess…...EUR/USD is going way up into the speech, then start selling again after he starts talking
Quoting PaulAmbrose
My guess…...EUR/USD is going way up into the speech, then start selling again after he starts talking
Thats what happened last time...they never do the same twice in a row, it would be too easy for retailers to take their money. If it pumps up before the speech, it may pump even more after and even more after that to kill all shorts for a long time. :-D
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 35.4%
Quoting OnlineAddict
Thats what happened last time...they never do the same twice in a row, it would be too easy for retailers to take their money. If it pumps up before the speech, it may pump even more after and even more after that to kill all shorts for a long time. :-D
Yes I agree about the after speech effect as well. Still, I think NFP would bring it back down, assuming the data was good like I expect. Of course, its all speculation but thats my best guess. Happy trading
Quoting PaulAmbrose
Yes I agree about the after speech effect as well. Still, I think NFP would bring it back down, assuming the data was good like I expect. Of course, its all speculation but thats my best guess. Happy trading
NFP has no power anymore. ECB can do 300 pips on one day...NFP can do 50 these days or even less. Whatever happens on thursday, it will be different than last time and something nobody expects. It will be easier to "read" while its happening, better not to have trades open before.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 35.4%
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  • Posted: Jun 3, 2014 2:47pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 7  /  Views: 2,832