Intraday Market Thoughts
Archived IMT (2009.11.04)
by
Nov 4, 2009 19:43
FED DOVISH BUT: Fed maintains the dovish language about exceptionally low levels of the federal funds rate for an extended period BUT REDUCES the amount of agency debt to be purchased into year-end from $200 bln to $175 bln, This change in the amount initial caused brief USD rebound but may not last as the market focuses on the for an extended period, signalling continued liquidity injections. BONDS INTERPRETING THE FOMC AS HAWKISH by lifting 10 yr yields to 3.56% from 3.46% but FX traders continue to sell USD across the board, targetting 1.6630 for GBPUSD, 1.4920 for EURUSD. Watch Ashraf give his reaction Thursday on CNBC Europe at 12:05 pm GMT right after the BoE decision.
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14