It’s a Mario Draghi “Dear John” letter writing session
Every so often the head of the ECB has to respond to letters from MEP’s.
- Such fx movements are a side effect of policy and are neither its main transmission channel, nor its objective
You can read the letters here.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
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Duh …. QE killed FX, starting with its progenitor, the Fed’s Helicopter Ben Bernanke. Once every other central bank adopted the race to ZIRP — volatility in currency pairs died. We’re optimistic 2018 will reverse this abortive political travesty, and rates, via organic growth, will shine a light on normal interest rate variations once again. I’ll take anything resembling the pre-09 one way dollar.