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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (57681)	12/3/2015 12:37:28 PM
From: Real Man	Read Replies (1) \| Respond to of 71464

The clownbuck is really overextended here and was waiting for ECB/Fed action to sell off. Ahead of the meeting, market expectations were elevated for at least a 10-bps rate cut, an extension of the QE program, and an increase in the QE program's run rate. Chalk this one up as a major disappointment: the ECB failed to deliver on high expectations for more easing, setting up EUR/USD for one of its largest single day moves of the year (second largest next to March 18, 2015, when it gained +2.55%; at the time of writing, EUR/USD had gain +1.91% today).