BLOOMBERG On The Move September 18, 2014
We will try to give you a subtle explanation if i can. The dax is up by a third of 1 . The dovish side of the fed, the sentence that rates will not rise until a considerable time after qe ends. The problem is nobody knows what a considerable time is. Equities in europe playing catchup a little bit. Why was the dollar higher . Ot of people are looking 1. 375 compared to the estimate back in june. Forecastan official over rates will be. Those dots do not mean anything at all if you look at them individually. In the fx market, smart money. , this is where the Swiss National bank wants to protect ...