Ok, to bring some intelligence to this absurdly lacking thread, I will enter a position here and now. I might get stopped out, but I don't think so. If so, that's what stops are for. SEF at 36.46 (buy) with stop at 34. Let the games commence.
The market was manipulated by the media via selective reports of only the good parts of the deal. Reality will hit as early as tomorrow. Some made good money today. Some others will lose tomorrow a lot. The EU deal means that EU is coming to an end. Especially when they do not recognize their right to print money to solve their problems but are looking for Chinese to do it for them. I am looking at EURUSD around 1.25 by year's end and possibly at 0.95 by June next year, if euro exists by then.
Not so fast It may be a while before we come off this sugar high santa clause rally+election year + qe3 +more hair cuts from Europe to name afew
performance chasing, slower redemptions, and the fact that the worst case scenario (an overnight default destroying all the banks in europe) is off the table for now.
Yawn. Another Euro-Dollar parity predicition. I've been seeing these since 2005. Someone should bookmark this thread and shame this guy come next June.
GDP was predicted at 2.5, it came in at 2.5. I guess, in this market, algos consider that an upward surprise. *shrug*