Let's talk about the EURUSD

[Pharaoh]

Today is the day that everyone was expecting, ECB Monetary policy statement and press conference. So what should we expect? A rate cut today is more or less a done deal and …?

There are 2 problems with "done deals"

1. If they are REALLY done, then they'll already be priced in.

2. Sometimes done deals aren't really done. That's when things get very interesting.

 

[Jason Rogers]

Just a heads up...

Forex rollover charges in Euro pairs have surged since yesterday.

A look at interbank forward markets shows that holding Euro short positions versus the US dollar and Japanese yen has become exceedingly expensive since yesterday.

Those forward rates showed that traders could earn interest rate credits in holding EUR/USD-short positions just yesterday. Yet a sharp shift now means that being short EURUSD is now at its most expensive since a similar spike in borrowing costs at the end of last month.

Source: Bloomberg Generic Price - “Consensus” Pricing

 

[dkami]

Thanks for the heads up I'm looking to short from 1.3750 to 1.3990 targeting 1.3502 SL above high