Coach Matt conducts the Forex Report for 1.19.15. In this edition of the forex report, the Swiss decision to cut the EUR Peg and the ECB.
No swing trades at this time. We are primarily focusing this week on day trading, GTB trades, and news based trades with the ECB on Thursday.
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2 Replies to “Forex Report: 1.19.15”
Hey coach Matt, will we see other central banks doing the same thing as swiss central bank have done? since there is a global currency crisis.
I doubt they will take on such radical action as what the Swiss did makes no sense in light of both of their actions of lowering rates to discourage buying of the CHF and unpegging to the EUR. However, I think we will see an unprecedented amount of total QE and Keynesian economics in the next two years as the central bankers have no clue what else they can do. They truly have made a environment where due to the first rounds of QE did not work, they have no choice but to go for broke.
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