You are here:

No ECB Knock-Out Punch: Outlook for week of June 8, 2014

No ECB Knock-Out Punch: Outlook for week of June 8, 2014

6 Years ago | June 08, 2014 00:00:00



ECB Disappoints
Its hard for me to believe that EURUSD is now back above 1.3600 after a package of policy actions by the ECB last Thursday, When a central bank puts on a severe credit squeeze, the reaction in the past has been violent and immediate. However, this time the ECB is easing policy in a world where policy elsewhere was already easy and liquidity is ample. Thus Draghi's actions are not having an immediate and irreversible impact. This is like pushing on a string, not like standing in front of a freight train. It might take a while for the impact of these new policies to seep into the markets. We feel eventually they will.

One key desired effects presumably must be a weaker EUR because the southe

Please login to read full story. Register if not a member.

Archives 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013
The message from the founder

Click Here

Review our featured articles

Click Here

The Latest Articles
  • Coping With Mixed Market Signals More ..
  • Growing Attention On The Slowing Global Economy More ..
  • ECB extends its Easy Money policy Until Mid-2020. U.S. Jobs data Weak. More ..
  • “Transitory” Replaces “Patience” The New Fed Keyword More ..
  • PMIs Can Be A key To Your Trading More ..