ECB Fails…Again

No one believes Draghi anymore, but everyone’s too polite to call him on his ridiculous statements regarding his policy’s effectiveness.  Note the EURUSD’s spike higher this morning. 2016-09-08-euerusd-daily-0600If the falling white channel holds, it’ll be because central banks hold it there.  We’ve already seen the Fed turn backflips in order to support DX’s rising channel from May.2016-09-08-dx-60-0712

And, does any of this really matter, if the folks scripting the “market” have things well in hand?

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