Asian intervention on the EUR: over half a billion used to buy EUR (update 1)

After the insane buy up of EUR (and possibly more EU bonds) by China/Japan. The market took a cue to demolish the US Dollar.

So, China/Japan gift to it's self from massive EUR/EU bond intervention; an oil price spike. Nice work, with China flirting with outright hyperinflation we all await the inflation tipping point.



US futures markets (on open) should be bid on oil, eye $94 on short/mid dated contracts