My rate cut trade got 12 pips in the money before reversing
Euro ignoring the dovish tones, rate cut talks and running up towards 1.3600. 1.3585 the high so far.
I’m surprised there was such a jump on the back of the Letta win as it was almost assured based on the headlines earlier.
We’ll see whether the move has legs and has an attempt on 1.3600 or even the high from yesterday at 1.3586.
Update: Now hearing Middle Eastern sellers on the top here.
