Hi, i think EURUSD is at very important level. This could only be testing of breakout of long term downward channel but if we are tracing 2017-2018 fractal then we will go inside that channel again and we will have possible bear market on broader markets. It all started with rise of yields and yesterday chief of FED Powell didnt calm investors when saying inflation could pick up when economy opens ....
I think Operation Twist program where FED sales new short term T bills to buy log term T notes would fit here.
That program of quantitative easing FED used in 2011-2012 and they managed to lower yields. What they didnt manage with that program is to lower unemployment but i think this time when economy opens after lock down new jobs will be open so that is why i think Operation Twist program suits here. Hope FED will do so to calm down the markets.
Cheers!
I think Operation Twist program where FED sales new short term T bills to buy log term T notes would fit here.
That program of quantitative easing FED used in 2011-2012 and they managed to lower yields. What they didnt manage with that program is to lower unemployment but i think this time when economy opens after lock down new jobs will be open so that is why i think Operation Twist program suits here. Hope FED will do so to calm down the markets.
Cheers!
