The Week Ahead 24th July
The Week Ahead 24th July
It was all about Draghi on Thursday of course with a little help from the Russia re-probe. The king of verbal intervention played his last card – and lost. It wasn’t that he said anything particularly hawkish but the market lost patience and began to start a real pricing in a taper. Broad USD weakness hasn’t changed still but there are tiny signs of life Monday evening as I write this outlook.…
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