EUR/USD just punched through 1.44. I suspect this is a set-up, get everyone on board on the Euro higher elevator before the "vote of confidence." I don't care which way the vote goes, I suspect there is going to be a huge WHOOSH lower on the EUR/USD, I mean a violent one following the vote. I could be all wet on this....I've just seen this crap too many times where something doesn't make sense and you find out later why - FX manipulation!! Be careful out there.
sell news? I agree. Things seem fishy. Way too much optimism. The irony is a Greek bailout would be short term bullish for Euro, but long term is very negative. Markets have no concept of reality
My timing might have been off by 24 hours or so, but there's the whoosh lower EUR/USD. Bernank feeling better now, plenty of room to bring on QE3. Soon traders will be begging for it. What a sham our financial markets are.
few more weeks I believe. QE3 hasn't even ended yet. Jackson Hole for sure!