All Countries' Central Mama Qi Loose New Round Of Currency War Quietly Started.

The European Central Bank and QE Jens (Jens Weidmann) said on Monday (November 24th) that if the European central bank implemented the purchase of treasury bonds to deal with low inflation, it might encounter "legal obstacles", and the purchase of debt was not a panacea for the euro zone economy.

The market has questioned whether the European Central Bank will take radical stimulus measures in the short term, resulting in a rise in the euro.

Without radical stimulus policies, the euro area economy is bad, and the demand for crude oil is expected to decrease.

Kuroda Higashihiko: the QQE will continue until the inflation target is reached. The BoJ President Kuroda Higashihiko said today that the Bank of Japan will continue to implement QQE until the 2% inflation target is achieved.

"Japan's economy has continued to moderate recovery", but if necessary, "the Bank of Japan will not hesitate to make policy adjustments", Kuroda Higashihiko said.

He believes that Japan is changing steadily from the inertia of deflation and should not let this change stop. "The Bank of Japan will be firmly committed to achieving the 2% inflation target as fast as possible."

Positive for Japan's economy, the demand for crude oil is expected to increase, Lido crude oil.

China's central bank has turned to full stimulus and is ready to cut interest rates again. China's economic growth slowed to 7.3% in the third quarter, and the PPI and CPI indexes were weak. Policymakers worried that the growth rate of the economy was below 7%, while the growth rate of 7% was not seen since the global economic crisis.

According to Reuters, China's leadership and central bank are ready to reduce again because of fears that price declines may trigger deflation risk and debt default tide.

At the same time, relax loan restrictions.

Reuters quoted sources close to the decision-making level as saying that China's unexpected rate cut last Friday reflected the direction of the central government and the Central Bank of China, the first major adjustment in two years, before the central bank has been insisting on mild stimulus measures.

Favorable to China's economy, the demand for crude oil is expected to increase, Lido crude oil.

If not

$60, as a leading OPEC country, Saudi Arabia is concerned that high oil prices will damage the global economy, so it is prepared to maintain oil prices at least in the near future. If production is only reduced by 500 thousand barrels per day, it will not prevent oil prices from falling 25% this summer and autumn, but it will not be possible to reduce production by 1 million 500 thousand barrels / day, because many OPEC members are notorious for false quotas, and the market knows that meaningful oil trade with these countries is very complicated.

If the 27 day meeting fails to cut production, it is expected that oil prices will fall by another US $10 per barrel.

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The recovery is still strong, and PMI is weak. Although the economic expansion is still strong, the initial value of service industry PMI has declined for a long time in May. This shows that economic growth has already lost momentum. Because the manufacturing PMI index has dropped to a new low since January, the expansion of the service industry has also slowed down. It is estimated that the US economy will not exceed 2.5% annual growth rate in the fourth quarter.