Over 20 years in trading
Acording to the Forexlive and Adam Button, a speech from ECB’s member Coeure, which sent the euro more than 1.5% lower today, traders in London had a day earlier!? “This was an evening speech under the Chatham House rule, which wouldn’t normally be published. In this case the intention was to publish the speech at the time it was delivered, but ‘an internal procedural error’ meant this
Read moreI hope that you didn’t forget today’s FOMC Meeting! At 18:00 h (GMT) in about 1 hour, the FED will anounce Interest Rate Decision and is there any changes in their monetary policy. What could we expect? Well, I have already wrote my oppinion before last meeting, that I don’t expect any changes, not until the end of the year
Read moreECB Monetary Policy statement and Press Conference will start in about 15 minutes, at 12:30 (GMT). Be very careful if you trading euro pairs, I hope that you are aware how Mr. Draghi could be dovish in his statements, but euro could move both ways strongly! As I wrote in my headline, ECB leaves key interest rates on hold: refi rate 0.05%,
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After ‘Lehman failure’, the FED started with biggest money printing of all time. Prior to the Lehman Brothers failure, the FED reports that the monetary base stood at $849.8 billion and until today, the monetary base had expanded to more then $4,0 trillion. This $3,15 trillion expansion has all taken place within 8 years. If, instead, the Fed had continued to expand
Read moreLast night I have read a statement from Bernanke that I found in my documents, the statement from March 27./2012. I can tell, after three years we have a completely different figures from US, much better. Especially with the labor market, where unemployment fell from 8.3% to 5.3%. Bernanke have said then, that we need to wait the better figures in the economy and
Read moreStarting at 18:45 h (GMT) President Draghi will have speech today. We are all aware of his ‘dovish’ tone during his talk about ‘euro economy’, but is it enough of the over reacting? He will talk in Frankfurt at the SZ Finance day 2015., during the dinner. On my oppinion we can’t hear anything new today, maybe he will mention the
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While the US Dollar countinues to strengthen in the market versus all, I made this graph to show you, how US Dollar lose his Purchasing Power during the last 100 years. This graph shows that, if you held a One US Dollar bill for the last 100 years, your ‘buying power’ will be 0.05 cents today. The main reason is inflation, which is
Read moreThe ECB started with ‘QE 60 billion euros’ monthly programme today, first buying German 10yr bonds, sure. Euro don’t know what to do now, to relif or not? EUR/USD rise this morning from opening level at 1.0830 to 1.0906, but that was it. The pair is back down to 1.0850 for now. I think we should observe euro moves a few days
Read moreEach new day we assure that SNB’s move was ‘the right’ decision. Yes, you wish it is Mr.Jordan. According to Bloomberg, SNB may cut deposit rate to -1,50%, from -0,75% if the Swiss Franc goes to the ‘wrong’ direction’, or to be clear, if the Swiss Franc strengthened against the Euro. As I wrote about this before in February 08., SNB
Read more12:45 h (GMT) – ECB Interest Rate Decision – previous 0,05%, consensus 0,05%! 13:30 h (GMT) – ECB Monetary policy statement and press conference! I don’t expect any changes in rates, ECB could remain on hold today and I don’t expect a new measures from ECB, but press conference and Mr.Draghi speach could move the market (euro) stronger. Focus will
Read moreFirst, at 14:00 h (GMT) ECB’s President Mr.Draghi have a speach, after at 15:00 h (GMT) FED’s Chairman Mrs.Yellen have a testifies. Who will move the market stronger and could we hear something we don’t know? We will see soon, get ready!
Read moreToday at 17:00 GMT! This is the men who broke several FX brokers and destroyed thousands of traders when he decided to remove SNB’s EUR/CHF 1.2 cap. Sure, his move was fully legit, but the way of execution didn’t, that’s for sure. Be aware of possible strong moves at CHF pairs, who knows what ‘surprises’ Mr. Jordan could launch again!?
Read moreAs we wait for the news from the Eurogroup meeting, market didn’t move for hole day, but it seams that euro is loosing ground slowly. Is that an indicator that deal is not near and that we could see a risk on trading at the end of the day? Maybe, but on my oppinion, best choice is to stay a
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