DislikedIsnt it weird that not sucking as bad as you thought you were going to is considered "good" news in todays financial times?
I know I have used this before but its kind of like being the Kansas City Royals. . . . . "Come see us this year. . . sure we will finish in last place but at least we wont lose 100 games. . . "
Not exactly an inspirational sales pitch for the global economic outlook. . . Which is why I say Bring on a Depression now lets deflate this silly worldwide bubble [of course shorting indexes the whole way] and get prices and expectations back to reality!Ignored
It brings up a good point though. If you look at the 15M chart of EUR/USD when German GDP numbers came out (better than expected) you'll see a quick surge. But then it seems that reality struck and the bigger money saw the data for what it was, proof that a recession was quickly striking the Eurozone's most important economy.
Normally I would find better than expected, but still bad numbers to be good for a currency in that the expected numbers should have been priced in. However, that just doesn't seem to be the case and makes a strong argument for this pair to go down even more.
Just wait until the UK actually stops with the hawkish rhetoric...