Attending the Institute of International Finance (IIF) conference in Washington today

  • “Well past” reference in the guidance is important
  • Negative rate policies haven’t badly hurt bank profits
  • (“Well Past”guidance)Reinforces Stimulus From QE & Low Rates
  • Extremely important to keep interest rate expectations anchored

So far EURUSD has moved 10 pips between Brainard,Powell, Praet and Draghi 1.1836 to 46… The wave , where is the wave ?

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