Risk On
- Norway (record low) and Taiwan Central Banks cut rates to stimulate the economy
- HSBC thinks China stocks rout is nearly over (define nearly then?)
- Chinese Premier doing deals – should transform into better numbers in the coming numbers
- “ECB Draghi speaks – often a risk on event – but wary that post speech a Risk Off event”
Risk Off
- After VW – BMW on the firing line – German Car industry at stake
- Japan Nikkei open with series of selling as the index trying to play catch up
- Draghi says patience and will wait before doing additional stimulus (matter of when not if)
- Thai Baht slides – emerging stocks continue to perform badly post FOMC uncertainty
- Commodity market especially metals greatly affected by VW scandal
- Post Draghi speech turned the market into reversal after several fake high
| VW and now BMW + Uncertainty – Bear market continues as rallies are sold – Redemptions?
Extra Stimulus has yet to kick in but wary of the build up to Santa rally |
NO CHART UPDATES TODAY
The Bullion Times 