Review of Economic Reports For January 22, 2015

Euro Zone Today, the European Central Bank came out with its big bazooka. It announced a bigger than expected expansion of the quantitative easing and kept the Minimum Bid Rate at the current level of 0.05%. The Euro Zone Consumer Confidence came at -9, which was better than the forecast of -11 and last month’s reading of -11.…

IS Gold Getting Its Glitter Back?

The expansion of the quantitative easing by the ECB has put a renewed pressure of the greenback to go up. Mind you euro is the biggest component of the dollar basket and the QE has been hugely negative for the euro. When the U.S. dollar goes up then naturally the commodities priced against it will go…