Let me entertain you

The Draghi show dragged EUR/USD down today. The pair is trading around 1.1603, down 1.65% on the day and more than 200 pips off the highs. Mario Draghi and company delivered small changes and triggered huge volatility but unfortunately not in favor of the single currency. The monetary monsters announced their main target – to taper the bond buying in its June decision, defying expectations that the decision will wait until July. All in all, the ECB chief, known as a good dove, won over his rivals in an impressive way, resulting downfall of the euro will help him achieve higher inflation that the bank is committed to. ABBA used to sing the winner takes it all. Guess who is the loser that has to fall. 
Experts on smiles, handshakes and other less known codes of diplomatic etiquette are still trying to decipher the behaviour of both sultans of nuclear swing. Wars no more. Let’s see. 

Meanwhile the Theresa May’s compromise plan falls apart as pro-EU rebels branded it as unacceptable. It’s very dramatic, the GBP/USD is falling along with rising US bulls on robust macro data. But impossible broad and enthusiastic smiles are running all over UK, starting with Queen Elizabeth II and her brand-new daughter-in-law, Megan on their first joint official engagement. 

As you see everyday wheels are turning as Deep purple sing. Well the most interesting turning was today’s opening of the World cup in Russia. By the way I enjoyed Putin’s speech, but most of all I enjoyed another Englishman’s show. Robbie Williams knows how to entertain and gave the world the middle finger. 

Let's the games begin. That’s it.