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EXACT TRADING FX Trading News and Early Morning Review |
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EURO volatility drops as Draghi storm approaches or not?
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| There is no evidence of huge physical intervention in the FX markets by the ECB but it is common knowledge that 1.20 against the USD is at high as it goes. A 20% increase in the value of the EURO is simply enough and was not planned into the teh Draghi playbook.
The BOE also annouce tomorrow and GBP is in asideways continuation pattern but is preffered for some downside activity to pick up the long term trend line to the upsides. |
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