Finally, a video worth showing:

Today Draghi gave a strong hint that the ECB will unleash something at the June meeting. While several major banks have apparently been anticipating some monetary stimulus from the ECB, the way Draghi practically spelled it out for us today prompted the Euro to drop severely.

Please watch this video for the crucial few moments today:

Something I am quite struck by is the general lack of GOOD reason to place a trade, on the Euro, or any other major Futures product. Take a look at this chart for instance. Volume is nothing to write home about, day after day, until at last Draghi breaks the deadlock. I think this underlines how important it is to keep your powder dry for the really good opportunities instead of getting your hands dirty in the constant chop.

Garbage, Garbage, Garbage… and then finally some action.