I think Draghi's bluffing. His purpose is to boost the economical confidence, but he is good at his bluff and everybody folds.I am just never so sure about euro fundamentals.
next week aussie may cut interest rate, aussie may go up to 1.05 before further down side, it is quite unusual as cut interest rate would normally mean the currency is weakening.
jpy is over valued due to its economical bubbles also its tight relation with chinese economy. therefore it wont surprise me that the euro/jpy rallies off like that. I have been buying jpy since 110 and still going.
@mzidan112 Indeed. Every 3-4 weeks, the bond market is moments away from seizing up if not for repos exercises mano… https://t.co/d4AApeni11(16 hr ago)
@sks01119 So you think USD will rise in 2023? I disagree. (16 hr ago)
USD no longer responding to higher yields (19 hr ago)
#FirstRepublicBank +25% in premarket $FRC (23 hr ago)
The Fed's challenges in managing #BankingSystem vs #MonetaryPolicy are so great, that members are not in a hurry to… https://t.co/BdRWS49ofW(yesterday)
As gold regains $2000/oz for the third time over the past three years, it's important to distinguish the fundamental and intermarket dynamics for each of these three occasions ($2000/oz) before assessing the road ahead. There are endless combinations of metrics to be used in comparing August 2020, March 2022 and today. I will use the DXY, gold/silver ratio, Fed Funds rate and the Fed's Balance Sheet.
I have been buying jpy since 110 and still going.