FAST FIVE: Can Anything Derail The Dovish Demeanor Of The Fed & ECB?
Those are the questions the market is asking and judging by the markets' response, it's moar of whatever hasn't worked til now.
But, despite the desperate jawboning last last week, to rescue market expectations back from Williams' “academic” warnings, former fund manager and FX trader Richard Breslow notes that now that rate cuts and dovish talk are firmly on the agenda, it's hard to think of anything, at this point, that might derail the ECB or the Fed.
Are these forces anything monetary policy can do something about.
Foreign-exchange traders certainly want to know the answer.
The market can certainly go down, but, at this point, there is nothing to suggest it shouldn't be treated as a correction rather than a sea change.