ECB Monetary policy decisions

Quoting PipMaxzz

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& that oil inventory shortage was expected

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Hello PipMaxzz, I always appreciate your comments.
Could you pls. explain why the oil inventory shortage was expected.
many thanks
regards
valter

Sep 8, 2016 6:52am

Expected do nothing to push EUR higher. It is crucial later on conference regarding how Draghi's answering further ease on December. If supported by the recent August PMIs and given answer they will not ease at all, we will see flying EUR.

Sep 8, 2016 7:23am

Quoting Ghassforex

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I agree but if ease on December Euro will target ?

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"Monthly asset purchases of €80 billion are intended to run until the end of March 2017, or beyond, if needed".

If needed is the confusing area. But at least in this meeting, it is still a steady policy and hawkish tend to boost EUR with weaken bonds and undermine equities. Extending QE further easing on December beyond March 2017 would put some downward pressure on EUR but at least not for now. If later conference Draghi's said they might not ease, it will push EUR even higher as recent economic data shows they might not ease beyond planning.

Sep 8, 2016 7:30am

Quoting frx_trader

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I don't know how good or bad EU econ is atm. But the news keep talking about how crumble the econ. So, I just tune in on news.

So, Draghi statement is very important for more information.

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Media always talk talk talk for instance on Brexit. Media always said data is not that bad post-Brexit. Of course you can't see any effect now because it is just a vote, not already happening.

Sep 8, 2016 7:41am

Quoting jegas

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Any have more jick jack will happen in every pairs,so stay away from that ,better watch the move after get clear picture then only enter into it.

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I agree on this if you does not have holding power or trading with leverages. All of sudden came in another good figures unemployment from US to counter ECB policies. So it might be very choppy now.

Sep 8, 2016 8:09am

Quoting PipMaxzz

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I am short EU 1.3083...wish me good luck

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Too dare devil to short now unless for some couple pips, mate. 20 minutes to US open. Might be even more buying power coming in.

Sep 8, 2016 8:12am

Quoting hassan561

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gold will go deep down today.

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Don't think so with strong EUR. It just move in advance yesterday already signs of equities sell off soon. OIL can keep on eye for higher if dollar continuing dipping. It doesn't move much because of inventory in about 100 minutes.

frx_trader

Sep 8, 2016 9:09am — Edited

Quoting jegas

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Any have more jick jack will happen in every pairs,so stay away from that ,better watch the move after get clear picture then only enter into it.

Ignored

Actually I reduc my lots. Thanks for the advice. We'll see how today market reacts.

PipMaxzz

Sep 8, 2016 9:06am — Edited

My 2 cents- medium term:

• Gold: Bullish (I love gold for next 2 months)
• USD: Neutral to bearish (watch out for volatilities due to rate hike rumors popping up often...but I don't think interest rate will hike anytime soon)
• JPY: Bullish (watch out for BOJ rhetoric, but reaction will be mild as not many trust them. They may not throw money in the middle even if it goes up a lot, till the month end BOJ policy decisions)
• EUR & GBP: Bullish (I am closing my short EU soon)
• Oil: Interesting one...if I have enough capital I will trade oil and nothing else. If anyone has a few thousand bucks ping me :-)

Caution: Don't trade just based on my 2 cents thoughts. Use your trading rules

PipMaxzz

Sep 8, 2016 9:29am

Quoting sam7171

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Oh boy, send me all your money and don't send it to market. No reason to short EUR now with Draghi's answer.

i told already u all dont belive..all game by usd..now u see ..???

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I closed my shorts and Long now at 1.12693

PipMaxzz

Sep 8, 2016 10:46am

Quoting valter

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Hello PipMaxzz, I always appreciate your comments.
Could you pls. explain why the oil inventory shortage was expected.
many thanks
regards
valter

Ignored

Thanks bro...
It was my expectation based on my excel chart with fluctuation history from forecast, based on historical trend mapping and also reading through what is happening around oil supply.
Coupled with the Russia+OPEC love to freeze, the spike in oil price was expected. But short term Oil price will see volatility based on the rumors on freeze yes/no... you know those oil rich countries are not so pro-active until they are pushed to the wall.

I made few pips and closed 75%, keeping the rest coz I cannot take huge drawdown with all my positions in there.

Sep 8, 2016 8:03am

The gains Eur displays lately have everything to do with dollar weakness. Eur will soon start heading down.

Sep 8, 2016 8:05am

Draghi is hoping for economic recovery that will never come.

Sep 8, 2016 8:18am

Hoping for growth without increase in consumption is like watering a plant without adding nutrients and hope it will become a tree.

Sep 8, 2016 9:03am

I closed the whole at 17p profit.

Sep 8, 2016 9:05am

Time for a little pullback right now. don't want to sweat.

sam7171

Sep 8, 2016 7:50am

time to short EU...happy trading

Sep 8, 2016 7:54am

Quoting sam7171

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time to short EU...happy trading

Ignored

Oh boy, send me all your money and don't send it to market. No reason to short EUR now with Draghi's answer.

Sep 8, 2016 7:56am

Finally, fragile crazily overbought equities frenzies have a good reason to suck all those money.

sam7171

Sep 8, 2016 9:25am

Oh boy, send me all your money and don't send it to market. No reason to short EUR now with Draghi's answer.

i told already u all dont belive..all game by usd..now u see ..???

sam7171

Sep 8, 2016 10:10am

Quoting PipMaxzz

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I closed my shorts and Long now at 1.12693

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my 1 cent view price mybe dowm somewhere 1.1230 before go long..

frx_trader

Sep 8, 2016 7:17am