Good evening everybody,
This hard week is coming to end.
Again we can see strange coincidence of numbers
EUR/USD = 1.08700
DAX = 10870.0
GOLD = 1087.00
The news that were so anticipated had impact opposite to the logic.
Draghi lower the rate with 10 bps and extended the bond buying to 2017 but nevertheless Euro catapulted with acceleration never seen since 2009.
NFP has better readings than expected but Euro again went up.
My analysis of this situation is that the price of euro is independent of the news events. The banks has already decided where the prices should be and made the necessary setup. It can be seen by the coincidence I have given in the begining
Have a nice weekend friends
This hard week is coming to end.
Again we can see strange coincidence of numbers
EUR/USD = 1.08700
DAX = 10870.0
GOLD = 1087.00
The news that were so anticipated had impact opposite to the logic.
Draghi lower the rate with 10 bps and extended the bond buying to 2017 but nevertheless Euro catapulted with acceleration never seen since 2009.
NFP has better readings than expected but Euro again went up.
My analysis of this situation is that the price of euro is independent of the news events. The banks has already decided where the prices should be and made the necessary setup. It can be seen by the coincidence I have given in the begining
Have a nice weekend friends
