Archived IMT (2009.10.15)
USD DAMAGE accelerates against AUD and CAD after the FOMC minutes show the Feds puzzlement in the face of falling bond yields. Some members explained falling yields due to reduced concerns about inflation, while others saw it a result of excess reserve balances was putting downward pressures on yields. The Feds situation is growing extremely unsustainable: In order for it to contain the plunge in yields and the rapid fall in the dollar, all it can do is manage inflation expectations (translation: telling bond traders it wont be increasing liquidity for ever via stating the obvious we will raise rates when the time is right. EXPECT MORE HAWKISH LANGUAGE from the Fed in coming days such as referring to reverse repos (way to reduce liquidity) as USD Index nears 75.18-- the 76.4% retracement of the rise from the March 2008 lows to the March 2008 highs. EURCAD renews declines in line w/ latest HOTCHART.
Virus Sends Stocks to 4th Worst Day in Past 9 yrs
by Adam Button | Feb 24, 2020 18:25
Gold Eyes 1680 ahead of G20
by Ashraf Laidi | Feb 21, 2020 18:08
3 Charts for GBP Traders
by Ashraf Laidi | Feb 21, 2020 13:18
Is Yen-Centric Risk Back?
by Adam Button | Feb 20, 2020 17:34
Why the Euro Keeps on Falling
by Adam Button | Feb 19, 2020 16:37