Did the CPI beating by 10 basis points change the German economic recession via a rising Euro today?
1. Of course not
2. But asking basic research and risk mgt questions on a legit (10-20 basis point) surprise CPI morning isn't what happens in the 1st 20 minutes of New York trading...
3. If anything, this EUR/USD move makes Germany an even better short than the 1st-Dot I sent, so I'll execute on my process as the crowd (that doesn't have one) chases on green,