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  • Goldman Deconstructs Draghi's Conference, Expects "Plenty Of Downside" For EUR, Reiterates 0.95 Target

    From zerohedge.com

    There was a reason why last night we laid out an analysis on the pros and cons of QE vs negative rates: quite simply, those are the last two "tools" left in the central bankers' monetary "twilight zone" arsenal. And as Mario Draghi made very clear this morning, both are about to be used much more for the simple reason that because they haven't worked until now, they will surely work when they are expanded. After all that is the full extent of Keynesian 101 logic. The immediate result: the biggest drop in the EUR in 9 months....... as Europe prepares to unleash yet another global deflationary wave, in the process ... (full story)

Now, all the "Parity Apostles" will come out of their caves to hail GS ....

So delusional those sheeple
Quoting Ojiego
Now, all the "Parity Apostles" will come out of their caves to hail GS ....

So delusional those sheeple
we shall have to see what happens and dissect the BS media from the charts
Quoting gc44
we shall have to see what happens and dissect the BS media from the charts
LOLz gc44, I read your view about the market not moving at all and I was thinking "There is something in the air but I could not decipher it" .... but I never thought of a 240 pips move and counting ...... in recent times! The kitchen was too hot for me so I stayed outside.

These guys left a big footprint in the past days as they accumulated and coordinated their moves (e.g. price refused to touch 1.1400). Some call it "Ranging market" but that is their own view. Though I did not trade today but it gives me satisfaction re-living what happened in these past few days and how I reacted.

As they say: Experience is the best teacher ...
Happy Trading all.
Very True, Experience and time is the best teacher and always expect the unexpected.
Most of the time the moves are so obvious that we refuse to believe it will happen. lol
eur/usd is BULLISH. THE SIGNS ARE CLEARLY FOR BULLISH. EUR/USD WILL RISE TO 1.20... GO LONG EUR/USD.
Europe is sinking fast and watch the civil unrest start to climb among union members over the refugee fiasco.
I suspect that when Dec. arrives Draghi will suddenly no longer see the need for QE . The man gets more from less than others perhaps by virtue of his relationship with Goldman Sachs from days gone by.
Trading Consultants Inc JJG
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Quoting pumuckel
eur/usd is BULLISH. THE SIGNS ARE CLEARLY FOR BULLISH. EUR/USD WILL RISE TO 1.20... GO LONG EUR/USD.
follow the trend, my dear. Are you stuck into it? Huge loss?
Quoting Turtle Man
I suspect that when Dec. arrives Draghi will suddenly no longer see the need for QE . The man gets more from less than others perhaps by virtue of his relationship with Goldman Sachs from days gone by.
Quoting Turtle Man
I suspect that when Dec. arrives Draghi will suddenly no longer see the need for QE . The man gets more from less than others perhaps by virtue of his relationship with Goldman Sachs from days gone by.
yes exactly what is going to happen. but fed have a more bigger role to play in euro journey.
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"Who run the world?.. Yellen"
-beyonce
Who knows where the Euro will go? You can only ever look at the fundamentals driving it and at the moment it looks pretty Euro negative. If I where a betting man I wold take a punt on the Euro at least revisiting 1.05, but as I say, who knows?
Hard to believe that eur going to implement more qe in dec with 8 months left on the first....It could happen. My gut says its more likely a bluff. Fed on hold would have put major up pressure on e/u. I think draghi trying and "winning" at neutralizing some of that effect while giving himself options to see how this all plays out.
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