Back in 2010 and 2011, the market was all about the Euro. It was all anybody talked about. We hung on to every pip. Since then, it had sort of faded from the scene, and I stopped bothering looking at EUR/USD altogether.
That all changed this morning, now that Mario Draghi has once again thrown open the Stimulation Spigot, since it’s quite apparent that the debt-addicted world is incapable of absolutely any organic growth, so they’re just going to just keep…………stimulating. You can see how the currency war has been affected our own U.S. dollar, portrayed here versus the Japanese Yen.(more…)