Eur/Gbp getting exhausted (Short)
-We're getting to the top of long-term range
-Jackson Hole conference at the end of this week will host both Yellen and Draghi
-Draghi will IMO be dovish to smaller or higher extend as per his latest comments of Euro "overshooting in repricing by financial markets"
-Other circumstances indicate he wont be hawkish (no QE tapering for now
-Will enter the trade as soon as market opens
-"Sources familiar with the matter" said that Draghi will not deliver no new policy message at Jackson Hole
-North Korea might spew out some aggressive headlines since there will be joint military drills in Japan (US and Japanese forces) - this might weight in to this pair as well
Cheers
-Jackson Hole conference at the end of this week will host both Yellen and Draghi
-Draghi will IMO be dovish to smaller or higher extend as per his latest comments of Euro "overshooting in repricing by financial markets"
-Other circumstances indicate he wont be hawkish (no QE tapering for now
-Will enter the trade as soon as market opens
-"Sources familiar with the matter" said that Draghi will not deliver no new policy message at Jackson Hole
-North Korea might spew out some aggressive headlines since there will be joint military drills in Japan (US and Japanese forces) - this might weight in to this pair as well
Cheers
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