It was supposed to be a short term measure for exceptional circumstances. In casu the bankruptcies of Greece and Italy.
Mtl JP 14:14:07 GMT - 01/14/2021
GVI Forex 13:07 and the chimps slapped their thighs, clapped their paws and hoo-hihi-haha'd and ran off dispersing in the surrounding jungle
london red 13:48:13 GMT - 01/14/2021
in ref to what i said it means that the last financial package is likely to cause a bid upside move in the usd as it would be the end. but i think there will be 5 trillion this year in total give or take.
london red 13:46:21 GMT - 01/14/2021
just another way of saying buy the rumour sell the fact.
Belgrade Knez 13:40:09 GMT - 01/14/2021
I also never understand red's "better to travel than arrive"!
Minneapolis DRS2 13:34:22 GMT - 01/14/2021
"it's better to travel"
Does that mean sell now and let the position float?
london red 13:28:48 GMT - 01/14/2021
nice excuse to run stake stops under 12130. first sup i see by 12059/64 if trend is strong the mkt may turn back up there. a fall below means levels to 119xx cannot be then ruled out but prev high by 12010 complicates matters for stop positioning. euro tends not to give much pullback until it stops rising so essentially you should be selling euros. but its a theme ive yet to here a solid argument for. while they are printing and there is at least another package to coem after this one, its hard to call for sustained usd strength. it may well be likely that its better to travel than arrive at the final package and that would then be of course the preferred trade but that is some way off it think.
GVI Forex13:07:30 GMT - 01/14/2021
This came out earlier:
ECB Minutes: Concerns were voiced over risks related to developments on the exchange rate that might have negative consequences for the inflation outlook.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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