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  • Could the Eurogroup Meeting Derail The USD Rally?

    From marketpulse.com

    Eurogroup Meetings on Monday, March 9 Greek Finance Minister Yanis Varoufakis will present six reform proposal to the Eurogroup on Monday. Details on the proposals are scarce and some apparently could be implemented immediately which raises the importance of the outcome of the meeting. The Head of the Eurogroup Jeroen Dijsselbloemmade positive comments about releasing bailout funds if Greece proceeds with reforms. While Varoufakis comments ahead of the meeting are not a declaration of compliance, his comments about wanting to avoid a Grexit. The EUR pairs will be awaiting more details on the reform proposals and how ... (full story)

Nothing will derail usd rally

Long stocks
Short gold and silver
Short vix
Long bonds
Long iyr
"Could the Eurogroup Meeting Derail The USD Rally?" -

Such titled "publishings" only have significance to traders as relates to how the value of currencies move, relative one to the other. No one knows how the currency market will play out week to week, day to day. The market makers are in it for profit. They have total authority over price and control of price movement. They move price in whatever manner makes them the most profit, which might or might not "align" with logic, forecasts, predictions, speculations, or with thoughts that arise when reading words being put by writers "into the mouth of others", possibly to deceive people or push an agenda.

Forever past to forever more, the most simple and the most accurate thing for traders to do is to isolate themselves from everything except the charts of what they actually are trading. All the clues are there. And the MMs will accurately do all the "translating" that needs to be done, and show it on the chart. Their "translation" is always the right one, the only one that matters. Remember, "The market is always right." And your chart will show it right, in the best timeline possible.
"The market makers are in it for profit. They have total authority over price and control of price movement. They move price in whatever manner makes them the most profit, which might or might not "align" with logic, forecasts, predictions, speculations, or with thoughts that arise when reading words being put by writers "into the mouth of others", possibly to deceive people or push an agenda. "

When a trader understand and accept this truth, he will find it difficult to lose.
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  • | IP XXX.XX.118.159
Maybe the meeting will cause a relief rally on EURUSD, which appears hugely oversold, maybe going back to the 1.09s, but say it will "derail" the USD rally it's an overstatement
Derail the USD rally? No. A brief short-covering rally in EURUSD may occur but it would only serve as an opportunity to short the euro again.
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  •  Guest
  • | IP X.XXX.31.191
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  • Posted: Mar 7, 2015 11:59am
  • Submitted by:
     MarketPulse
    Category: Fundamental Analysis
    Comments: 5  /  Views: 3,970