Disliked{quote} if it was a total sell-off we should see MFI=100 + very brutal up move, like we did buy off at 2570(resistance mFI=0)...they all closed + sold at this point...the Draghi speech same thing they sold and left the boat after with big profit...i don't see any signs of a serious sell-off...on a clean down trend they keep their pos open for 1000 pips profit...here they knew it wasn't a down trend, IDK why or how...you should know why not holding pos for 1000 pips + ?... you should know why november 7th ECB report didn't started any clear down...Ignored
it wasnt me saying the USD will be sold off on that ferguson crap...
i was laughing at whoever posted that...
meanwhile. november 7 draghi's report does suggest Quantitative Easing, and that triggered the 200 pip sell off on friday as he re-iterated the proximity of QE as being a confirmed, done deal...
Now the question.....
problem is this. how is the funds going to be used?
well the QE program is drafted up by Juncker and it wont be anounced until the next ECB meeting in december.
need to check calendar for the exact date...
but if you see him talking about that QE program to invest abroad... then you can have some SERIOUS Euro outflows into these foreign economy....
sooo
will the money inject into the economy? ie Printing Euro to buy European Equity? or will they be printing euro to buy foreign equities, say.... Japanese? (perhaps why EURJPY peaked) or US?? (Perhaps why USD might still see continued rally?)
so now that we know QE is coming... where is the QE funds going to end up going to? does it stay domestically or goes internationally? thats what im eager to see!
Is that good enough/clear answer to you??
ANS: WATCH DECEMBER ECB MEETING - TOPC: QE Funding to buy "WHAT" is the question.
We live in a finite world with infinite possibilities.