Nothing drove the ECB to the extremes more than oil.
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Emerging Money Daily Audio Call July 1 – Does it make sense to carry risk into the long weekend after a wicked snapback rally?
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As we wait for Fed to potentially knock EM equities back on their heels know that the EM equity rally is rooted in the move higher in EM currencies.
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Emerging Money Daily Audio Call March 10 – ECB comes and goes more QE is met with more concern by markets over the efficacy of CB activity.
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The spot price of crude oil pushed higher in the news of Saudia Arabia King Abdullah’s passing. The bulls are speculating on a shift in Saudia Arabia’s policy of letting crude prices to fall.
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The European Central Bank (ECB) exceeded expectations (so rare in life) with their monthly 60 billion euro asset purchasing until Sept 2016 and an open ended loaded bazooka in their pocket.
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