Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Euro Knee Jerk Reaction of Sell the Rumor Buy the News?

Share

Lobo
Moderator
Moderator

Posts : 17792
Thanked : 876
Join date : 2013-01-12

Euro Knee Jerk Reaction of Sell the Rumor Buy the News?

Post by Lobo on Thu 03 Dec 2015, 4:42 pm

Euro Knee Jerk Reaction of Sell the Rumor Buy the News?

Posted on December 3, 2015 by Martin Armstrong


Mario Draghi at the European Central Bank (ECB) has moved as expected to try to force the Euroland into an economic recovery by cutting a key interest rate on the overnight deposit rate was cut from -0.2% to -0.3%, to compel banks to lend instead of parking money at the ECB. He also extended his ECB stimulus program of monthly purchases of €60bn worth of debt extending it by six months to March 2017. However, Draghi left its main interest rate on hold at a record low of 0.05%.

The Euro has rallied sharply as typical when you sell the rumor but buy the news. Many were expecting tougher measures so they were disappointed and covered their shorts. The turning points were the 2nd and then Monday 7th. The intraday low was on the 2nd so a closing above 10817 today will allow this to retest the 11140-11200 level. The intraday low has been about 10549 and our key numbers for year-end are the 10365 and 10530 levels. A closing ABOVE 10530 will warn that the trend could extend into the 2017 time period whereas a closing for 2015 below 10365 will open the door to a collapse in 2016.
The key on a weekly level will be the 11098 for the close tomorrow. To show any strength that might be sustainable will require a closing above that level for the week. A closing below 10830 tomorrow will warn that this will not hold on to the gains so easily.
This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.

    Current date/time is Sun 04 Dec 2016, 10:22 am