Tuesday, July 12, 2011

FOMC - QE3 Discussion

Discussion is what FOMC has around the table comes meeting and rate decision time. So they discussed QE3 and documented in FOMC minutes. That's all market needed - pacifier for crying baby. Gold is skyrocketing, oil and other commods as well, equities picking up too. I have already said here before: QELite is the name of QE3, or whatever you want to call the easing campaign's next phase. Not sure what new info market sees here, but we take it and run with it...

Overnight Armageddon showed its ugly head, US session is laughing about it right now. Not sure we are out of the woods just yet. Perhaps we retest that o/n 1295 low on ESU1 and bounce for OPEX end of the week fireworks. You just never know what OPEX brings, and I am not kidding here. Toss a coin...

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