Around 5 a.m. this morning, outgoing BOE chief, King (soon to be replaced by none other than a Goldmanite until they run every Central Bank in All developed nations) entered the currency war fray on the side of Japan much like the US secretary of the Treasury did earlier in the week, the result...
Cable immediately straight line plunged.
And the ECB drama continues with Bild of the ECB saying,
THE ECB IS WORRIED EURO STRENGTH WILL HURT RECOVERY IN CRISIS STATES
The result...
The Euro was sent lower, it looks like $1.35 is he level on EUR/USD that Draghi will not tolerate.
Es is up about 3 points from 4 pm levels yesterday, NQ is up about 10 points, both SPY and QQQ will gap up, I think we chose correctly with QQQ calls yesterday
5 years ago
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