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Greetings again, Everyone!
Our Friend, the Euro… along with the Yen Crosses and Cable and the Aussie… return with Risk Appetite and positive Data during the majority of early Activity in the European Session.
Let’s bring the EUR/USD back in , as well as the EUR/GBP on the Hourlies to take a look at these Progressions.
We are about 15 Minutes ahead of the ECB… and Institutional Re-Positioning has already taken place in terms of Price Behavior.
We now look to the Decision to be “Priced In and In Line”…so our next Catalyst to either reach Key levels North…or Violate to the Downside… will be the ever-important Rhetoric of of Jean-Claude Trichet.
The KEY will be any discussion of “Participation” in any sort of Global Quantitative Easing Concepts as the other Central Bank Entities are doing as well… Trichet may simply have His Hand Forced here….
Give the Captures a Click, and Post-Time is 11:30 GMT.
Of course… I will be back with you for another Update during the EU/US Overlap as we “digest” the Rhetoric and Data… and then have a look at The Queen Herself… and Her Loyal Subject… The Aussie!
