The market continues to look past signs of a global slowdown and buy risk assets. Whether it is a short-covering phenomenon or not remains an open question, but the rally continues none the less.
One wonders whether the market will make a run at trendline resistance and stops above 1.2700 regardless of what the ECB has to say. That’s they way the market has traded lately; wait for the risk even to unfold, ignore the result and rally further.
Strange days indeed.
