Disliked{quote} EU was struggling at its 1.3600 for more than 6 weeks and UJ was between its 101 and 103 for over 21 weeks, most the 1H> indictors were turned into garbage. So what broke the ice? It was the ECB rate cut that broke the EU 1.3600 support. Later EU again had trouble breaking 1.3470 – 1.3500 zone, what broke it? 1. ECB monetary policy 2. USD yield 3. US Manufacturing at its 4-year peak 4. 8-year low jobless 5. And today consumer confident at it 7-year high. 2-7 are all pointing to a solid QE exit in Oct. and possibly a earlier USD rate hike...Ignored
Fireworks are fun ... as long as you don't blow your fingers off.