Loading ...Dammit! it bothers me that stocks and bitcoin can rise for weeks on end without the need for a daily alibi/pretext…but here is the story–note. that it says the news “slammed the euro”–I just checked the $ index and–thank god–it is still red. but barely so…and that’s all that is needed–also they are buying bonds–not by much–and that eliminates another point of worry for PMs–so gold has a green light to get its a** in gear and go up.
Global stocks stumbled early in the session in the aftermath of the dismal Netflix earnings which saw the first drop in US subs following the company’s price hike (suggesting US consumers are far less price inelastic than many had suspected), and following a bevy of European earnings misses, but then staged a sharp rebound after a Bloomberg report that the ECB was seeking to imitate the Fed and was potential revamp of their inflation goal.
The news, which suggested that the ECB was set to ease even more than the market had priced in, slammed the EUR, sending the EURUSD to session lows just above 1.12…