12 Feb 2015
Major central banks out of ammo in the short-run – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, comments that markets might see a state of pause with respect to central bank easing and Gold might find itself without any significant support in the short-run.
Key Quotes
“Most of the major central bankers have cut their interest rates to record lows with the latest being the Swedish Central Bank.”
“The markets have also priced-in the European Central Bank’s QE program.”
“Moreover, the Bank of Japan has indicated that further stimulus in the short run would be counter productive.”
“Thus, other major central bankers too, could have a breather before the next round of competitive devaluations begin.”
“Thus, the yellow metal is unlikely to find support from the currency debasement action of central bankers in the short-run.”
Key Quotes
“Most of the major central bankers have cut their interest rates to record lows with the latest being the Swedish Central Bank.”
“The markets have also priced-in the European Central Bank’s QE program.”
“Moreover, the Bank of Japan has indicated that further stimulus in the short run would be counter productive.”
“Thus, other major central bankers too, could have a breather before the next round of competitive devaluations begin.”
“Thus, the yellow metal is unlikely to find support from the currency debasement action of central bankers in the short-run.”