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Central Bank Decisions A Source Of Turmoil

Central Bank Decisions A Source Of Turmoil

5 Years ago | December 06, 2015 00:00:00

John M. Bland


Buy the Rumor Sell The Fact

Beware of markets when there is a strong market consensus for a given outcome. Traders had been waiting for over a month for ECB President Draghi to announce a stimulus program that was expected to increase liquidity in the Eurozone, and as a result weigh on EURUSD. So the markets were positioned heavily short the Euro and investors were "priced to perfection" for the Draghi announcement. The Draghi announcement generally fell short of what was expected. Word spread in

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