piptank

ECB no policy change $EUR $USD #forex

Short
FX:EURUSD   Euro / U.S. Dollar
After yesterday's ecb event i entered a short position on euro. Why? To make it short there is no policy change in sight. The plan is to devalue the euro as much as possible. Therefore central banks all over the world cut their interest rates as much as possible and create QE programs. QE programs produce cheap money which creates market bubbles and of course inflation.
sources:
www.ecb.europa.eu/pr...tml/pr150416.en.html
www.tradingeconomics.com/stocks
www.tradingeconomics.com/currencies

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.