The FED.29 Jul 2021 07:23
This present time, is a clear indication the Market is totally controlled by the US sentiment, and of course they listen to the FED .Like a religious cult.
I look with great interest what will happen in September when the Basel 111 regulations come in force, in the US.
Will it change anything? I suspect not in the short term, depends of course who enforces the change.
Will it be effective?
Not unless the fines are radically more severe, I feel.