• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 1:44am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 1:44am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft
  • Story Log
User Time Action Performed
  • ECB preview: Dovish Draghi expected, so could EUR/USD rise?

    From forex.com

    The European Central Bank’s next policy ‘decision’ will be made on Thursday, but the focus will undoubtedly be on President Mario Draghi’s press conference. The ECB is widely expected to announce no new changes to its policy. But Mr Draghi may deliver a cautionary outlook on the economy and therefore interest rates amid the recent weakness in German and Chinese data, and ongoing Brexit uncertainty. The euro’s recent weakness certainly suggests market participants are indeed expecting to see a more dovish than hawkish Mario Draghi. Therefore, with the expected dovishness at least partially priced in, the ... (full story)

  • Comments
  • Comment
  • Subscribe
  • Comment #1
  • Quote
  • Jan 23, 2019 10:02am Jan 23, 2019 10:02am
  •  Guest
  • | IP XX.XXX.34.135
Dilution is the solution? China dovish = usd/cny +, Japan dovish = usd/jpy +, ecb dovish= usd/eur -?
 
 
  • Comment #2
  • Quote
  • Edited 5:01pm Jan 23, 2019 10:05am | Edited 5:01pm
  •  wukatrades
  • | Joined Jan 2017 | Status: Thinker | 50 Comments
way to many players long on eurusd at its current consolidation level. guarantee long squeeze past 1.12700 then all the way up

Shorted eur/usd here 1.1369 aiming 1.1300 TP1 1.1270 TP2 1.12475 TP3

Still in.... planning to add one more short at 1.14200. Imo they are killing weak shorts for the true move downward tmr

I smell a bull trap.....
 
2
  • Comment #3
  • Quote
  • Jan 23, 2019 10:10am Jan 23, 2019 10:10am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 3353 Comments
Sure dovish,
1. ...bad data on Europe, bad inflation, bad growth
2. ...although stronger, mind that USD is not thriving either!!!

ECB, Davos, Brexit... where the fk are the Jagger moves?????
...range forever?!?
Member
 
3
  • Comment #4
  • Quote
  • Jan 23, 2019 10:56am Jan 23, 2019 10:56am
  •  pemilikdana
  • | Joined Oct 2018 | Status: Member | 2 Comments
just talking bulls
complicated mind
 
1
  • Comment #5
  • Quote
  • Edited 11:25am Jan 23, 2019 11:01am | Edited 11:25am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 3353 Comments
Quoting pemilikdana
Disliked
just talking bulls
Ignored
The bulls are temporary buying the 2nd UK referendum idea and the US news on The Wall new equipment... if the crazy wall idea is still alive, the US is going down with it.
Member
 
 
  • Comment #6
  • Quote
  • Jan 23, 2019 1:39pm Jan 23, 2019 1:39pm
  •  NZForenzexc
  • | Joined Dec 2018 | Status: Member | 67 Comments
Patience is a virtue. Over the past days the Euro has been hovering around the 1.1368. I have this feeling that after Mr. Draghi has his typically dovish say, that the Euro will tumble to around the 1.1270 (support level hit three times last year). Moreover in doing so it will again pass and affirm the Fibo at 61.8%. Then I will definitely be going Long. No way will I be going long at this stage until clear confirmation has been proven.
 
1
  • Comment #7
  • Quote
  • Jan 23, 2019 3:02pm Jan 23, 2019 3:02pm
  •  lasty
  • Joined Aug 2008 | Status: Member | 1423 Comments
Europe is in deep trouble
I can't see any reason to buy it medium term.
Yields negative economy negative maybe the technicians have a different view.
I say good luck
 
 
  • Comment #8
  • Quote
  • Jan 23, 2019 3:59pm Jan 23, 2019 3:59pm
  •  NZForenzexc
  • | Joined Dec 2018 | Status: Member | 67 Comments
Quoting lasty
Disliked
Europe is in deep trouble I can't see any reason to buy it medium term. Yields negative economy negative maybe the technicians have a different view. I say good luck
Ignored
Good Morning Lasty,

Yes I agree with your sentiment. However if I can explain at least from this Technical Analyst’s point of view. Set a 24H chart and then proceed to set a Fibo scale to the following values, 100% at 1.035925 and the 0.0% to 1.284196 you will see that last year the Euro hit and or went past the Fibo 61.8% level, seven times. Each time it has done this it then strengthens proceeds straight to the region of 1.1450, when fundamentally as you have accurately described it has no business in doing so. 2018 was no different to the Euro fundamentals and yet it still does this amazing rise. Now here’s the punch line. The fear is that if the Euro ever reached parity it would probably do a vanishing point. So someone is clearly buying the Euro large enough to control it. Think about this, who has the most to lose. Of course there always the chance it could break through previous support lines and then proceed onto oblivion. LOL
 
 
  • Comment #9
  • Quote
  • Jan 23, 2019 8:15pm Jan 23, 2019 8:15pm
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2634 Comments
Quoting TudorIoan
Disliked
Sure dovish, 1. ...bad data on Europe, bad inflation, bad growth 2. ...although stronger, mind that USD is not thriving either!!! ECB, Davos, Brexit... where the fk are the Jagger moves????? ...range forever?!?
Ignored
Ha Ha, I can't resist chuckling because I totally agree with you BUT the EUR remains trapped in the tight range.

As for myself I'm going short at 1.14 because when Draghi speaks everyone sells.....
...because you never know - until you do!
 
1
  • Comment #10
  • Quote
  • Jan 23, 2019 8:28pm Jan 23, 2019 8:28pm
  •  vuxuanhung
  • | Joined Mar 2015 | Status: Member | 43 Comments
When everyone says "Rise", it means that eur could drop
 
1
  • New Comment
  •  Guest
  • | IP X.XXX.47.240
Join FF
  • Story Stats
  • Posted: Jan 23, 2019 9:48am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 10  /  Views: 4,065
  • Linked events:
    EUR Main Refinancing Rate
    EUR ECB Press Conference
Top of Page Default Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023