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Central Banks Dominate Once Again

• Draghi gets even more Dovish • China cuts rates for the first time in two year • Central bankers are desperate to generate some inflation...but are at risk of failing           It seems that Mario Draghi is currently being granted a weekly platform from which to dangle the carrot of US style QE and to try and jawbone the Euro currency lower. He certainly did ...

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Pressure on Sterling as Bank of England Becomes Dovish

The Bank of England was pretty dovish last week as Mark Carney presented their quarterly inflation forecast. They reduced their GDP forecasts for 2015 and 2016 and now believe that inflation is likely to fall below 1% within 6 months. The outlook is “weaker due to Europe” which may well be facing the “spectre of economic stagnation” according to Mr ...

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EM Crisis is Getting Closer

  - Nothing new from the ECB - Decent US employment report - US Dollar bull trend remains intact - Emerging markets are looking increasingly vulnerable After a Reuters report earlier last week claiming that 7 to 10 council members were against US style QE, there were quite a few who were wondering how Mario Draghi could appease the markets. Draghi subsequently promised that the ECB ...