Intraday Market Thoughts

Archived IMT (2008.12.16)

by Ashraf Laidi
Dec 16, 2008 19:55

Fed shifts towards a range of 0-0.25% in its fed funds targe, tintensifying the yield assault on the dollar, leaving little chance for traders but to extend speculative and directional selling in the currency. Readers of this website have been persistently warned of a major dollar sell-off in December accompanied with extended equity rallies as the reflationary trade is triggered by the global major central banks.


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