Those who say it cannot be done should not interrupt those who are doing it
EurAnalysis Kindergarten 24 replies
DislikedI warned everyone yesterday that a rate cut might be positive for this pair just by virtue of the fact that it would induce a risk-on scenario and therefore be USD negative.
Now we see what Draghi has to say.Ignored
DislikedIs sth wrong with me, or the fact that ECB lowered rates to by .25 pct is not that important
I don't get why EUR got up so quickly ... Shouldn't it start dropping... a little at least ? Not like 80 pips down, 80 pips up?
Oh, already answered
So it's good I closed 'emIgnored
DislikedI watch the tic chart and if it breaks my imaginary trend line then I'm out. Not sure if that's the right way to do it but it works sometimes.Ignored
DislikedYes, but the possibility that this is just the first rate cut of possibly two consecutive rate cuts will not be. Euro spike sold off, then thought about it, and now working its way back down like a good little girl.
Plus, the exuberance that they Papawhocares to resign, leaves them with a "now what?" scenario. Maybe they can avoid the referendum, but the other parties are more hostile to the deal than this government was. Reality may be biting.Ignored
DislikedJust to be clear, a rate cut is in fact EUR negative but not EUR/USD negative while in a risk-on mode. I know it's a paradox but hey, them the brakes.
However, to put a bit of a bearish spin on it, now that the rate is lower, any market negative news will drive the Euro lower.Ignored
DislikedGo for it !!!!Ignored