EURUSD 17 Sep 2020 - The reason why I like bears today, part 2.

Par AlpacaBlack

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Not legal and financial advice; any information provided here is only the personal opinion of the author.
Cheers!

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Transaction en cours

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The rise of the machines... unplug them off.

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This is pure manipulation pa from the start of the day.

After yesterday FED announcement that policy will remain extremely soft with zero rates and continued bond purchases for many years, market was so keen to hear new measures that it is looking like drug addictive attitude. However, as the economy recovers on the paper, nearly hard to understand why the market participants so widely expects the fed to take new measures that will lower negative real rates, for example.

Everyone, and seems including the FED, understands that the valuation of financial assets has risen to an extremely high level, inflation expectations have returned to normal, and the economy has everything it needs to normalize more or less further.
FED statement without any new FOMO means that the period when markets are growing due to new fed pumping activity is over. Full stop for this year at least I hope. In this case hopes for a new highs in stonks and further usd lows looking unreal.

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A bit tired of this manipulated eur/usd... Will be back when we touch 1.15
CU folks. Cheers!

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AlpacaBlack

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