ECB’s Draghi says incoming data has been weaker than expected – euro downside remains strong.

Draghi: Risks surrounding the euro area growth outlook can still be assessed as broadly balanced, at the same time, risks relating to protectionism, vulnerabilities in emerging markets and financial market volatility remain prominent; BREAKING Draghi: Significant stimulus still needed forinflation BREAKING Draghi says ECB ready to adjust allinstruments as appropriate BREAKING ECB anticipates to endasset purchases in December BREAKING Draghi: Riskssurrounding the euro area growth outlook can still be assessedas broadly balanced Draghi: Risks surrounding the euro area growth outlook can still be assessed

Trump’s attacks on Jerome Powell are justified because he’s leading economy down a dangerous path, market researcher says

President Donald Trump’s verbal assaults on Fed Chairman Jerome Powell are justified, according to veteran market researcher James Bianco. The Bianco Research president believes Fed policy is leading the economy down a dangerous path with an interest rate-hike policy that’s too aggressive in this environment. “I’m worried that the Federal Reserve might go too far. The natural state for an economy is expansion. Recessions happen because something breaks it,” he said Wednesday on CNBC’s “Trading Nation.” “The leading cause of breaking an economy is usually a spike in oil prices or too tight monetary policy.” Read More @


USD breaks thru the 96.50 last night and refuse to turn back as the US Economy looks robust!! EURO, JAPAN, CHINA and the EMERGING MARKET are all struggling as the US ECONOMY charges forward!! AFTER POWEL the FED stop printing money the demand for USD is getting extremely high!! Tonight GDP might give another big boost if the data is good.


  1. 7.30am – Japan will release their Core CPI and is expected to be good.
  2. 2.00pm – Germany will release their consumer climate – Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; expected to be good.
  3. 8.30pm – US will release their GDP data and we are expecting good volatility for the market in favor for the USD.
  4. 10.00pm – Draghi will continue to be dovish after yesterday press conference.
  5. 10.00pm – US will release UoM inflation and consumer sentiments – expected the no change.

Overall the demand for USD is increasing rapidly across the globe as the FED aggressively shutdown easy money by raising interest rate; the question in every traders is “WHEN WILL THE USD RALLY STOPS”? Well when China gets better.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.



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