From that, I suspect the EUR/USD which tumbled on Draghi's "Bring back inflation as quickly as possible" comments, will likely fade and reverse soon.
I'll try to keep you up to date on this one as well as Currencies are the gears of the market.
Friday, November 21, 2014
EUR/USD
I suspect the Draghi jawboning either was an unknown/un-discounted event or it's just so common with a half life of about 1-3 hours, that it just wasn't anything special, it's about as common as the daily weather forecast.
From that, I suspect the EUR/USD which tumbled on Draghi's "Bring back inflation as quickly as possible" comments, will likely fade and reverse soon.
Note no divergence at the EUR/USD pivot to the downside, but a building positive as the EUR/USD's rate of change to the downside has faded off...
I'll try to keep you up to date on this one as well as Currencies are the gears of the market.
From that, I suspect the EUR/USD which tumbled on Draghi's "Bring back inflation as quickly as possible" comments, will likely fade and reverse soon.
I'll try to keep you up to date on this one as well as Currencies are the gears of the market.
No comments:
Post a Comment