Thursday, April 3, 2014

ECB Preview - An Interesting Chart

the market walking from one ECB meeting to the next, shown below - changes from a day before the meeting to the day close of business

Odd one outs are from Aug and Sep in 2013, when everyone was busy with taper (including, partially, ECB)

Recommended trade for todays and Fridays NFP - short the Euro. The movement of the Euro skewed to a sell off , for any prints of NFP (High print - dollar rally, low print - limited impact on EUR) and ECB outcome (within expected range, as the range itself is skewed to dovishness)

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