8 May - Draghi and the best free money trade of 2014?

[HarryHindsight]

https://www.youtube.com/watch?v=6yPiHNDIMH4&feature=youtu.be

Not often does the market present such a low risk opportunity. This video shows the crucial words from Draghis ECB statement today (8 May). The path of least resistance was always going to be to the downside, regardless of how many banks claim to have hotly anticipated ECB action already.

I'm just surprised by how much time human traders had to hit short.

(archived with others on my personal blog (just a hobby, mind you): http://harryhindsightnews.com/2014/05/08/8-may-2014-best-trade-of-2014-so-far/)

 

[Npard23]

Draghi has been all talk, no action so far when it comes to QE and which is why the euro is so strong. With all the politics involved and the single mandate, I would not be so certain if QE happens. If it does my euro price target is 1.18 EUR/USD.

 

[HarryHindsight]

6E has tanked since that statement. I think, in hindsight, it was the best trade of 2014 - probably still be true 6 months from now.