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  • Goldman: 'Decision Tree' For Short-Term EUR/USD Moves Into ECB

    From efxnews.com

    In a series of recent FX notes, Goldman Sachs has flagged tomorrow’s ECB meeting as a catalyst for EUR downside, with a short-term target of 1.33 for EUR/USD and a range of 0.70-0.76 for EUR/GBP. Rather than rehash that view, GS today discusses the 'decision tree' that tomorrow represents and how EUR/USD could trade in different scenarios. The following are the key points in GS' note. 1- The rate decision will be announced at 12:45 London time. Given that a deposit cut was telegraphed a month ago, the main question is whether this decision will be in line with market consensus (a 10-15bp cut) or greater (say 20bp). ... (full story)

For all the excitement this day was supposed to generate, EUR/USD looking like a dead log over the past 12 hours. 12 pip range at best and its already close to the London open? only 6 hours til the rate announcement and EUR/USD in a coma.

Where's all this supposed volatility we were hearing returned recently?

Think I will go to bed.
calm before the storm..
Hey Europe, Its 6:45 AM in London. Draghi isnt going to do anything today so . . .

WAKE UP AND BUY THE EURO !
  •  Guest
  • | IP XXX.XXX.29.7
buy? lol good luck with that...
Quoting Guest
buy? lol good luck with that...
Price going up as we speak. Care to make a wager?
If Draghi does/says nothing price will definitely go up.
The less he says, the bigger the rise.

....unless he says "We are printing 500bn Euros per month, good bye".
Carbon-Dioxide: the gas of life!
Quoting Exodus
If Draghi does/says nothing price will definitely go up.
The less he says, the bigger the rise.

....unless he says "We are printing 500bn Euros per month, good bye".
agreed!
Quoting Sailer
calm before the storm..
100% agreed... Patience is the key to the correct decision and greater PIP's ....
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  •  Guest
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