[wp_ad_camp_1]
Good morning traders!
Bad news, I do not have a remote server today, so I can not access my usual charts to do any kind of analysis. It’s almost a sign. It’s almost like the technical analysis gods (I am aware of how ridiculous this sounds) have said; “forget about today, it’s ECB”.
So I am going to be boring and not trade today, I have a terrible record with trading on ECB day anyway and I don’t have as much time as normal to be at the charts today.
So the general chatter is that the ECB are unlikely to deliver policy change today and ears will be tuned in to the press conference (as usual) for the general guidance of future plans. Perhaps markets will be disappointed? Will we see a reversal (maybe tomorrow)? Does EURUSD start to rally? NIRP is already in place, much to the worry of european banks, and our scary German chancellor has already voiced concerns over the easing policy and will be forceful in blocking further policy easing.
Many are expecting Draghi to be careful in his choice of words, seeking to calm investors about the impact that ECB can still have on the economic growth of the Eurozone.
So good luck trading today, I will be back to the business as usual tomorrow.
DaxTrader RSI System 3.2
Don’t forget to trial the latest version of the DaxTrader RSI EA, 3.2 out now
[wp_ad_camp_1]
