BRIEF: Market Insight Before ECB

As the market prepares for ECB Mario Draghi's much awaited remarks in the European markets for the ECB rate decision. While in the Asian session heading towards the major session in Europe and the US have turned again into bear territory after starting off with a relief recovery.

New Lows not only in the DOW & SP500 and the other global indices; the currency market has indeed came through with CABLE marking three consecutive new lows with the latest @1.4125. Meanwhile, its correlated EURGBP Cross rates have also marked its new High @0.7755 before making a pullback @0.7650 reflecting some profit taking for the day. This has been an effective well worth the risk analysis which we have made to this date. But a cautious play should be observe as the ECB rate is on hand. However, its the remarks of Mario Draghi that may trigger a different tone moving forward.

BTW - These exceptional moves and market conditions are best approached going beyond charting systems and price action analysis. 'Secular Market Forces' have been present for some time now from our countless information sharing emphasizing due diligence on market behavior. Tools of technical trades are effective but not as effective during these kind of market movements. Take the extra caution in trading the market. Only the best for your trades!

EURGBP CROSS RATE: https://dwq4do82y8xi7.cloudfront.net/x/ESdFFXNW/