1. ECB is just announcing an extend QE beyond September.
To increase monthly Gov. bond purchases fron 60 billions to 70 billions
2. To cut deposit rate to negative from -0.2 to -0.3
3. Lowering Greece's emergency liquidity assistance, a debt ceiling, from 84.7 billions to 77.9 billions Euro as Greece is slightly improving.
The Fed is doing opposite direction whereas US inflation is a mere 0.2% through the 12mths ending October 2015 compared to Europe inflation 0.1% and Australia 1.5%
If the NFP on Friday shows a sub 150k I'll be LONG on gold.
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