Play the Expectation: Trading isn’t about what happens, it’s about what markets expect to happen in the future. There is no clearer example of this than last night’s European Central Bank interest rate decision and accompanying press conference from Super Mario Draghi. “EUR Minimum Bid Rate on hold at 0.05% as expected” The ECB left interest rates unchanged as expected, but the Euro was HAMMERED by aggressive selling after Draghi not only gave the bland ‘jawboning’ that they are willing to
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