Just opened a EURCAD short at 1.3167 … The euro is going to be weighed down by the ECB
[QUOTE=“Bitterseatrader;486201”]Pizza,
RBA monetary policy meeting tomorrow, thoughts? To cut or not to cut?[/QUOTE]
Ok so like I said in the short answer to this post… I think we will see a hold decision from the RBA on
[QUOTE=“ILovePizzaMore;486433”]
Ok so like I said in the short answer to this post…
10 pip TP, what is SL?
Starting to notice Babypips is getting more on top banning ICT / AKE…
Lol, they probably don’t even do it based on IP…
[QUOTE=“ILovePizzaMore;486483”]Here’s something I do not see often…
<img src=“http://forums.babypips.com/attachment.php?attachmentid=45406”/>
[QUOTE=“ILovePizzaMore;486426”]Just opened a EURCAD short at 1.3167 … The euro is going to be weighed down by the ECB interest rate cut
RBNZ releases its financial stability report today
I am reading this article today about the currency war. I would like to see what you think about this. I will try to summarize what I’ve read. Though, I can do copy and paste but I decided not to do that…
Over the past week we have seen number of central banks take action to devalue their currencies. ECB and RBA cut interest rates by 25bp to record low. RBNZ sold its currency to cap its rally not to mention the BOJ announced a 1.4 trillion QE program last month. The reason behind is to stimulate their economies and boost their competitive advantage through a weaker currency.
Central Banks around the worlds have been fighting hard to prevent their own currencies from appreciating. An example will be the decision by the RBNZ to intervene over cutting interest rates was particularly interesting since New Zealand has plenty of room to lower rates with a conscious decision on their part to focus on capping the currency’s rise. With central banks around the world trying to depreciate their currencies at the same time, we haven’t seen any breakout moves in FX over the past 3 months and it is still on the consolidation price action until one comes to the war with a bazooka (though, it was mention a machine gun) currencies could be stuck in range…
My take away on this is that it does make sense that central banks are doing what they are currently do to boost their economy by providing cheaper financing to individuals and corporations. However, I think that there is always cost and effect by doing this for a long time. They can only cut interest rates so low that they eventually have to raise the interest rate if they don’t have other resources and options.
So, are we really in a currency war or this was already been started way before what it is today?
I was just reading some stories on George Soros shorting a billion on this pair at this rate cut, wonder if he had inside info? He made almost 2%, which was $17 million. Sounds like a lot of profit, but it was using a whole yard, probably no leverage.
[QUOTE=“PipNRoll;487270”]I am reading this article today about the currency war. I would like to see what you think about this. I will try to summarize what I’ve read. Though, I can do copy and paste but I decided not to do that…
Over the past week we have seen number of central banks take action to devalue their currencies. ECB and RBA cut interest rates by 25bp to record low. RBNZ sold its currency to cap its rally not to mention the BOJ announced a 1.4 trillion QE program last month. The reason behind is to stimulate their economies and boost their competitive advantage through a weaker currency.
Central Banks around the worlds have been fighting hard to prevent their own currencies from appreciating. An example will be the decision by the RBNZ to intervene over cutting interest rates central banks are doing what they are currently do to boost their economy by providing
[QUOTE=“pipcompounder;487272”]
I was just reading some stories on George Soros shorting a billion on this pair at this rate cut, wonder if he had inside info? He made almost 2%, which was $17 million. Sounds
Oh boy… Do I have to answer this question? I am on my lunch break 
Okay, I’ll try… my answer is Bank of England (UK) :51: