Mr. Market have all the QE4 trades on he needs?

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Seems like the market may have gotten a little ahead of itself in selling dollars in anticipation of QE4. Bernanke gave him exactly what he wanted, plus a promise not to stop until unemployment falls another percent and a half…

Gold can’t rally, EUR/USD can’t clear 1.3100 and suddenly the commodity currencies are looking a tad over-ripe. Might be time for a flush. Keep an eye on equities. They could lead the way, using the fiscal cliff as an excuse.

2012-12-13T16:23:56+0000

All|Americas|Market Rumors|Regions

Mkt Talk

Jamie Coleman

5 Comments

  1. EURNZD speaks a lot … there is a battle on the daily chart at 1.55 … make the break for a massive H&S setup or bounce … past couple of days have made lower highs at 1.5527, 1.5521, and 1.5508 today …

  2. you think fiscal cliff business will bring the market down until its resolved?

  3. Hi Jamie.. why cant rally yellow metal. what u think Mr jamie?

  4. After toying with the idea of plunging through Senkou Span A, on the one-hour AUD/USD chart, the pair goes for it … into the cloud we go!

  5. Yup. I thought the reaction in equities was rather tepid as well, especially given all the puffing and blowing from the sell side.

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