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.
Latest IMTs
-
مقابلتي المفصلة مع جو الهوا
by Ashraf Laidi | Feb 26, 2021 13:29
-
Yield Shield Peeled
by Adam Button | Feb 25, 2021 22:26
-
Yields Hit Nasdaq, Bitcoin Pre-Powell
by Adam Button | Feb 23, 2021 14:35
-
Yields Fly, Industrial Metals Follow, not Gold or Silver
by Adam Button | Feb 19, 2021 19:29
-
Tempting Charts & Positive Conflicts
by Adam Button | Feb 18, 2021 19:02