Ashraf, viewed your video. If England is experiencing inflation =ɮ%, why would they risk pushing it higher by lowering their purchasing power (devaluing their currency). Unless the expect further deflation in the products they import? Heading into winter, food and energy costs will rise. Any risk of public backlash to the beaurocrats and government in raising the inflation?
Also, since not increasing their net balance sheet, replacing interest bearing bonds with others .. why does the marketplace feel this would devlaue the Stirling?
Would you expect the marketplace to figure this out ... only a reaction move, therefore quickly recover to current valuation after a week or so?
Actually, it just occurred to me that oil could be the better hedge over gold ... if Iran needs loan guarantees to get through ... this must give floor support for oil and then any supply interruption could cause a pop?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Gold, Yields & Nasdaq
Yields are breaking down, and may potentially extend towards 4.32%, which could imply further gains in XAUUSD and NASDAQ, depending on the outcome and inner details of the CPI. EURUSD...
View Hot-Chart..
Also, since not increasing their net balance sheet, replacing interest bearing bonds with others .. why does the marketplace feel this would devlaue the Stirling?
Would you expect the marketplace to figure this out ... only a reaction move, therefore quickly recover to current valuation after a week or so?