First time I’ve ever agreed with the Fed’s most ardent dove…

  • New asset purchases, mid-2015 rate guidance should provide important added stimulus
  • Wholeheartedly welcomes QE3

Reuters headlines, being completely ignored.

EUR/USD trades with an easier tone in early New York trade, continuing the retracement begun yesterday afternoon. A plethora of risk factors like China-Japan geopolitical tensions, protests across the Middle East and concern that Spain will take a go-slow approach on seeking ECB/EFSF are weighing on risk appetites.

EUR/USD trades at 1.3056.