Fed, ECB throwing world into chaos

NEW YORK

Tue Oct 5, 2010 2:09pm EDT
NEW YORK (Reuters) - Ultra-loose monetary policies by the U.S. Federal Reserve and the European Central Bank are throwing the world into "chaos" rather than helping the global economic recovery, Nobel Prize winning economist Joseph Stiglitz said on Tuesday.
A "flood of liquidity" from the Fed and the ECB is bringing instability to global foreign exchange markets, Stiglitz told reporters after a conference at Columbia University.
"The irony is that the Fed is creating all this liquidity with the hope that it will revive the American economy," Stiglitz said. "It's doing nothing for the American economy, but it's causing chaos over the rest of the world. It's a very strange policy that they are pursuing."

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C'est pas un scoop mais depuis quelques temps Reuters semble prendre ses distances ...et ça c'est nouveau.
Changement de shift...
Marchés: attention à la marche.
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Gold

Vente  sell Gold 1339 protect above 1341 target 1336 and 1332

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Gold

A previously mentioned last friday "Gold we are buyers above 1305 with target 1312 1315 1325 1332 if extension 1340"
Today gold reached our target 1340.



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today's Number

4:00pm  USD  ISM Non-Manufacturing PMI  52.1 51.5
at  us eastern time 10.00 am
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