Amazingly ECB raised rates 75 bps and the Euro still fell. Maybe yesterday's intraday come back was unwarranted after all. There is simply no fundamental case for going long the Euro, Pound or Yen.
That's exactly one of the points, it is easy to see how everyone is going to short the EUR against any other currency. But with the ECB stepping in, it might be a very risky move. I would leave the FX market alone and look for the consequences of these rate increases.
I sometimes forget that you are a day trader, based on TA colorful charts. That's why this post is under economics and not the TA section. It is flying over your head.
Friedman said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." But notice what he did not say! He did not say, "a more rapid increase in the quantity money than in output will always and everywhere produce inflation."
(Laughs/Smiles) It's nice to see you picking up on this one. I was wondering when are you going to answer that. (You said, 3~ months ago, - ,,I will think about it'') In the end, it matters not. Just curiosity, because things doesn't make sense, yet, that is the definition of the world of finance.
The dude is angry cause he's a disrespectful dumbass and failed coder with no originality or recognizition of opportunity