Bernanke once again had anti-effect.
FED cuts:
0.25% from FED fund rate (called interest rate)
0.25% from FED discount rate (bank borrow from FED)
However the effect was anti-effect. USD rally against everything - EUR, GBP, CAD, Gold!?!?!
EUR/USD down to 1.46.60-90.
Stockmarket is down 1% (now is stabilized at ~ 0%)
Oil up.
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My name is Nikolay Mihaylov, and these are my finance notes. I am *NOT* so experienced in this area, but may be is good for you to see how I am thinking :) Unlike most other blogs, here, everything is real transaction, unless is theoretical post, which is used for finding entering price. So enjoy it.
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Labels are implemented after 16.APR.2007
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