Disliked{quote} That brings us to second subject. Euribor and Eonia are counted differently. Eonia is weighted average of all trades between banks O/N. So it is ex post. Where Euribor is average of trades at start of session. CB just checks how market looks like. But banks know when, so they manipulate it. In fact while talking about it, I aint sure if it is not Euribor, what is used as the base for those credits and mortgages. Nevertheless, ofc both are heavily correlated. + you are sending 3m euribor. We are talking O/N here. Spikes can smooth out in...Ignored
On the month-2-month base, the spikes just aren't as pronounced. This definitely smells like trouble ahead.
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. Short term we could as well break daily low due to money flow out of SNB cut. We shall see on Tokyo. I remember like year and half ago ecb cut made huge waves in Yen market. Though it came right after cut and not in Tokyo. Nevertheless, those stupid lines hold and though on monthly scale we may be in hyperbolic move up, daily downtrend could well kill us. But, as I ve said, abc consolidation, so we aint breaking December low and 115,55 should be safe.
The one trade alert I posted yesterday didn't pan out. It actually didn't execute and hit my cancel trade line. I will try and post a trade alert with all the details when I feel like the trades are high probability. But I hate it if somebody copies me and loses money.
. Yes, there are few wild cards in play, mainly ECB and Greece election. ECB cut could be a great opportunity to bust all money I ve made on todays move. Will be supercarefull. If such situation happens, it will send shock across the board. UJ will prolly fly but volatility may increase so much that it kicks you out first for everything you got and then flies.
