Блог JonSnow
September 8th is Just Around The Corner - ECB Meeting
On September 8th(Thursday next week) ECB Governing Council is meeting again. This is definitely the most important risk even of the coming week. Super Mario and his playmates are facing some tough decisions. The QE program has not delivered lower Euro nor inflation so far. The market expects that the program will be extended(Mr. Draghi did say on several occasions in the past that QE will run as long as it's necessary) at least until September 2017. But the biggest problem ECB is facing is that …
EUR\USD might reach 1.1250 level.
I think EUR\USD will reach 1.1250 level before it resumes the down-trend. Today's volatility was certainly impressive and I believe we are going to see more "wild moves" in the days ahead.
Tomorrow, during the ECB press conference, Mario Draghi will for sure be asked question about Greece, and whether Greek banks are solvent and eligible for bridge loans. Depending how well he avoids the answer, euro might just drop back below 1.10. And on the top of that, NFP are only 3 days away. So, let's br…
Tomorrow, during the ECB press conference, Mario Draghi will for sure be asked question about Greece, and whether Greek banks are solvent and eligible for bridge loans. Depending how well he avoids the answer, euro might just drop back below 1.10. And on the top of that, NFP are only 3 days away. So, let's br…
EUR/USD Levels to Watch Today
Depending what happens today during the ECB press conference the pair will:
- quickly go up to 1.2360 and only if that level holds we can expect it to reach 1,2420-30 price zone - even if it manages to go that far, it will be a short lived move
or
- we get a clear QE message/plan(a date perhaps) and the pair goes down to 1.2220 first and much further beyond that level in the coming days
Enjoy your trading
- quickly go up to 1.2360 and only if that level holds we can expect it to reach 1,2420-30 price zone - even if it manages to go that far, it will be a short lived move
or
- we get a clear QE message/plan(a date perhaps) and the pair goes down to 1.2220 first and much further beyond that level in the coming days
Enjoy your trading
Bad Day for EURO - Good Day for Me!
In the last 24 hours I nearly doubled my balance thanks to weakening Euro and US Dollar rising even more.
My best trade so far has been EUR/USD, still pending at the moment, around 150 pips gained and counting. I wasn't so lucky with USD/GBP - made more than 60 pips on a short trade but I didn't close it where I should and all the gains were erased(see chart below) . Lesson learned.
Looking forward to another exciting day tomorrow, especially the ECB president Mario Draghi press conference.
My best trade so far has been EUR/USD, still pending at the moment, around 150 pips gained and counting. I wasn't so lucky with USD/GBP - made more than 60 pips on a short trade but I didn't close it where I should and all the gains were erased(see chart below) . Lesson learned.
Looking forward to another exciting day tomorrow, especially the ECB president Mario Draghi press conference.
EURO Slowly Bleeding Lower.
I'm in a short EUR/USD trade with a TP set at 1.2369 but I'm second guessing myself now if I should move the TP lower.
US dollar has made a very impressive comeback today and with ECB interest rate decision and the following press conference in less than 48 hours there is a real chance that it will go much lower than the level around 1.2360. And there's NFP on Friday as well predicted to be another dollar fueling event.
For all those of you who are on that trade right now - how low do you thin…
US dollar has made a very impressive comeback today and with ECB interest rate decision and the following press conference in less than 48 hours there is a real chance that it will go much lower than the level around 1.2360. And there's NFP on Friday as well predicted to be another dollar fueling event.
For all those of you who are on that trade right now - how low do you thin…
Dark Days for EUR\USD Ahead.
The pair has been quickly depreciating on Wednesday, its fallout attributed partly to the Republican Party massive win in the US mid-term elections yesterday.
It briefly recovered to 1.2500 level post ADP data only to fall again to 1.2480 area.
Even Non-Manufacturing PMS which came at a less than expected reading(57.1) could not save EURO from farther declines.
Tomorrow's ECB Press Conference is likely to be a chaotic show on EUR\USD charts with spot revisiting 1.2370 - a level not seen in lon…
It briefly recovered to 1.2500 level post ADP data only to fall again to 1.2480 area.
Even Non-Manufacturing PMS which came at a less than expected reading(57.1) could not save EURO from farther declines.
Tomorrow's ECB Press Conference is likely to be a chaotic show on EUR\USD charts with spot revisiting 1.2370 - a level not seen in lon…
New ECB Stress Test Rumors Emerge - Impact on EURO?
Bloomberg just reported that according to some leaked documents 25 European banks are to fail the stress test.
On Oct 22nd the Spanish news agency EFE reported that as many as 8 banks from Austria, Greece, Cyprus, Portugal and Belgium will fail the test, but these reports were quickly denied by ECB officials. The European Banking Authority(EBA) which administers the stress tests also stated that conclusions are not final yet, and still pending, all the way till the endorsement date of Sunday 2…
On Oct 22nd the Spanish news agency EFE reported that as many as 8 banks from Austria, Greece, Cyprus, Portugal and Belgium will fail the test, but these reports were quickly denied by ECB officials. The European Banking Authority(EBA) which administers the stress tests also stated that conclusions are not final yet, and still pending, all the way till the endorsement date of Sunday 2…