On Euro Contradicting Statement

Clarification & Correction Needed

Whenever a respected analyst comments on why the Euro have strengthened was due to the ECB bond buying program; needs to be clarified and reviewed. Or the CNBC reporter just misquoted and wrote it wrongly? Here is the excerpt of the statement: " "quote...

"One of the great ironies in the market is that since the ECB started its bond-buying program, yields have actually risen and euro/dollar has strengthened," Boris Schlossberg, managing director of FX strategy at BK Asset Management, said in note. "It will be interesting to see if (ECB President Mario) Draghi expresses his concerns about that, which may take some of the momentum out of the euro move," he said....unquote' Source CNBC news

Our take on this statement is that Mr. Boris Schlossberg is obviously bias on the Euro short-sell side of the market.  If we are wrong on this assumption, then we stand to be corrected. However, the point is that the current re-resurgence of the Euro is due to the USD weakness and dark cloud reports that started at the opening of the 2nd quarter of 2015. And has no relation to the past remarks of ECB president Mario Draghi. It' s after the fact and 'current market conditions have changed'. Its simply the confirmed USD weakness that led to the strength of the Euro and a European recovery in the making.

For others to read through this statement and analysis needs to check out the real reasons and not simply rely on others opinions. However, we are still respectful towards this, except we do needed to voice out a contradicting analysis when we came across such misconception that may confuse other traders and investors

It does make a huge difference to know the Right Information & Trading Resource and MT101 has no ill intention to discredit other analyst outlook.