Intraday Market Thoughts

NFP Overlooked as Draghi Fills QE Void

by Ashraf Laidi
Sep 7, 2012 18:26

The Fed is no longer the only firefighter in town. Draghis OMT does for the markets what Bernankes QE was trusted to do (See more below).

The August jobs report was the opposite of the July report, as both Non-Farm Payrolls and unemployment declined after both increased in July. Non-Farm Payrolls not bad enough for September QE3. For more, read here . . .


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