It was brought to my attention that you dont even have a forex trading account registered. THEREFORE, please stop posting DEMO trades here.
You will soon be BANNED!
You will soon be BANNED!
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Whatever It Takes
As far as "whatever it takes", there is essentially nothing shocking or new in today's announcements.
Contrast this effort to the ECB and its bond crisis in 2012.
On July 26, 2012, ECB president Mario Draghi gave a famous speech that rocked the European bond markets.
"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough."
Q: So what did Draghi do?
A: Absolutely nothing.
The ECB did not start QE until years later.
However, bond yields on Italian, Portuguese, Greek, and Spanish bonds plunged. A freefall in the price of gold lasted for years.
Italy 10-Year Bond Yield
https://imageproxy.themaven.net/http...2020-12-28.png
Chart from Trading Economics.
Although the ECB took no direct actions, Draghi's speech restored confidence in the ECB.
Doing nothing worked for the ECB. Doing nothing will do nothing for the Fed.
But what else can be done?
How about Japanese Style Price Fixing?
For discussion, please see Japanese Style Price Fixing by the Fed is On the Way.
That did not come up in the official comments but it's nearly certain to have been discussed.
But when implemented, the Fed will have as much success as the Bank of Japan. In other words, none.
Mish
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