Yields on core European bonds went for a slide yesterday as prices rose in response to the ECB's decision to leave its QE programme unchanged – for now at least. Elsewhere, the USD continues to make gains on its peers.
Squawk / 20 May 2016 at 0:26 GMT
Managing Director / Technical Research Limited
New Zealand
Main take away from ECB minutes:

“It was noted that the five-year forward inflation-linked swap rate five years ahead currently stood at around 1.4%. It was considered worrisome that, despite the stabilisation in oil prices, market-based inflation expectations had not picked up from their low levels. It appeared that there had been some decoupling of inflation expectations from oil price developments following the earlier correlation during the period when oil prices had fallen. While, in principle, a decoupling of inflation expectations from oil price developments was welcome, in the current context this was a matter of concern, as longer-term inflation expectations were not recovering in parallel with higher oil prices.”

This is damaging to the EUR. My EURGBP trade is progressing well with plenty of potential remaining
20 May
Vancouver Vancouver
that's some trading recommendation Max!
20 May
Patto Patto
Still confident the 73's will be seen Max ? Needs a strong GBP (positive Brexit polls) as well as negative developments in the Eurozone. Nice chart showing the oil/5yr 5yr correlation......
20 May
Max McKegg Max McKegg
yes Patto, the trade Objective i still "on track"
20 May
brian1983 brian1983
i am seeing some possible reversal pattern in GBPUSD. In for a short, The polls are still unofficial and sample sizes may be biased and does not represent whole population
21 May
Max McKegg Max McKegg
Brian - Quite right! A completed 5 Wave sequence on the Hourly Chart as well. I've just sent out a Special Update on Gold & Silver and you're welcome to request a copy


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