One of the knee jerk moves in the market was a drop in gold, GLD is now up after the Draghi press conference started by +0.65% coming from a negative start premarket.
Bonds have also reversed or are starting to and Index futures are fading.
The Euro is retracing some of the initial knee jerk drop and as a result the $USD is retracing it's knee jerk gains, which is causing exceptional volatility in USD/JPY which is now retracing its gains.
So far it looks like Draghi is failing where the only place he could fail was, at the press conference.
5 years ago
No comments:
Post a Comment