QE ending and US markets look like they are testing the floor of this upwardwards trend channel if it hasn't already broken it yet... No one knows, I'm just here for the LOLz
Mario will be talking today and is expected to give details on asset purchases and the ECB rate announcement
Apparently the market for the quality of the assets that Mario wants to purchase is pretty small so I don't believe QE lite or whatever you want to call it is going to have much if any effect at all.
Now that QE is over has the FED handed over the money printing baton over to the ECB, let the US save face and keep the pump going
If by some magic method the ECB will be allowed to circumvent their law on money printing. I read somewhere, no link sorry, that Draghi is less than popular in the top job with his cohorts (conspirators?). Russia's winter will be the real test of them all.
Biggest daily sell off in china since 2009 Theres now speculation that the FED will remove "for a considerable time" from its minutes with regards to keeping interest rates low in next weeks FOMC meeting
The witch doctors at the ABS have come up with an unemployment figure in Australia for November at 6.3%, AUD is up abit
FED meeting today and the statement is tomorrow 10YR treasury is knocking on 2% again SPY getting smashed for a few days now
Personally looking for a bottom between now and mid jan FWIW... might not even be a lower low ~14.66 looks sweet