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