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The gangsta banksters are out in force today — BOE September monetary policy decision 1100 GMT.
ECB September monetary policy decision + statement 1145 GMT .
Another chance to watch and hear the verbal silver tongued mastery of Sig. Draghi in the ECB press conference at 1230 GMT. Will he be able to place a dent in EUR’s progress as in previous pressers ? More wiggles than a plate of spaghetti .
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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Still, it seems unreasonable to expect Draghi to signal a course
change…so 2 scenarios could play : scenario 1: .The Italian government has agreed to vote a budget which
respects European rules and ECB to buy Italian debt in order to drop the
borrowing cost of the country. so qe will extend or new tool like safe euro bonds ..and that would open the door of hell
scenario 2 : the usual bla bla bla and more same boring range 1.1730-50 -.1.14
as for boe : literally who cares brexit in focus
cbrt risk
have a nice day
Morning all
Big day of central banks. CBRT, BOE, ECB. Probably the biggest price risk, as Harry says is Turkey. You won’t catch me fishing that pond with such volatility.
My trading decks are clear of everything except my USDCNH short. I TP’s the bal of the USDCAD short yesterday into 1.30. Messed around with a small long off the big fig too but binned it for -10 on the dodgy PA.
AUDUSD finally made the break and it was up. We’re far from reversing the downtrend though but pick your levels because today’s better mood will last until something turns sour.
I’ll have something up about the central bank meetings shortly.
Have a great day all.
Just 3 trades running after yesterday’s pipfest
Short EURAUD – EURNZD. .. Long USDNZD.
I’m not keen on opening any more EUR pre Draghi. AUD and Kiwi seem perky and supported. Back to scalping for a few here and there and watching to see if some of the turns on the crosses have legs.
Have a super day.