POMO Shows ECB Who's In Charge

The ECB tried to "do whatever it takes" this morning by floating QE rumors (Constancio - QE is a possibility but not discussed in any detail) with the endgame being a weaker EUR (since a stronger EUR has crushed Eurozone corporate earnings). But, the Fed was having none of that, and as POMO started it dominated the ECB's "weak" kung-fu, ramping stocks and EURUSD to new highs... as we chronicled on Twitter... banging EURJPY (the all-important carry driver of all thinsg risk) to new 4-year highs).

Still think it's about fundamentals?

EURJPY ramp 2.0. As expected

— zerohedge (@zerohedge) November 19, 2013

EURJPY HOD matching DJIA

— zerohedge (@zerohedge) November 19, 2013

EURJPY +16 pips on POMO start

— zerohedge (@zerohedge) November 19, 2013

EURJPY needs another 15 pips for green futs

— zerohedge (@zerohedge) November 19, 2013

Which all lifted EURJPY to new 4-year highs...

As EURUSD was dominated by POMO...

Comments

[LawsofPhysics]

You have to love predictable "markets".  Take that "free money" and turn it into something real ASAP.

[prains]

gotta love it when the left hand is fighting the right hand.......silly face slapping in 3,2,......

[hedgeless_horseman]

A legacy of stability...

“Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock. And everyone who hears these words of mine and does not do them will be like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it.”

Matthew 7:24-27

[Groundhog Day]

"as POMO started it dominated the ECB's "weak" kung-fu"

Ha ha ha.....your crane style fung fu is no match for my drunken style kung fu

Ben Shalom

[Sudden Debt]

LORD OF THE PRINTERS!!

[gjp]

One power to rule them all and in the darkness bind them ...

All are helpless before it, the power to create the world's unbacked reserve currency at will.  It is truly a force of darkness - even Keynes said so.

[max2205]

Fuck Pomo. ..

Free the markets Ben

[Dr. Engali]

Meh...the important thing is that  the Snorg t-shirt girl is back! 

[Al Huxley]

I wonder if there's a way I could configure my AdBlock to just allow the Snorg T-Shirt adds - I bet there is...

[astoriajoe]

thai dating girls please...

[Sudden Debt]

you think their tits are real?

I accidently clicked the link...

http://world.goodthaigirl.com

I'M GOING TO SEE THAI POPUPS FOR THE REST OF MY LIFE FROM NOW ON!!!

MY COOKIES ARE DESTROYED!!! VIRUSSED!!

spam forever...

[Sofa King Confused]

In Thailand, you have more to worry about than if their tits are real.  Check downstairs.

[Tinky]

What, you've never previously encountered an oversized clitoris?

[DirkDiggler11]

The Asian girls Ad is back too, I noticed, or is it my cookies just busting me out ...

[Sufiy]

Gold: PBOC to ‘Basically’ End Normal Yuan Intervention, Zhou Says 

 Now we have a better insight into the recent record level Gold buying by China. Head of PBOC talks about currency flexibility and acceleration of yuan convertibility. All announced reforms target to jump start the new phase of Chinese economic growth with Internal Consumption becoming the main driver. In this situation stronger Yuan means stronger purchasing power in China, less US Treasuries buying (which is happening already) and higher commodity prices in US Dollar terms.

http://sufiy.blogspot.co.uk/2013/11/gold-pboc-to-basically-end-normal-yu...

[Kaiser Sousa]

exactly....

good lookin out....caught it also early this morn over at Goonberg...

meanwhile Dow at a new record high....fucking hilarious...

KEEP STACKIN.....

[dcohen]

Can someone fckn shoot that bearded faggot

[Tsar Pointless]

Class. Pure class.

[Sudden Debt]

you pay 124 BITCOIN and deal done...

[Sudden Debt]

I SENCE DEFALTION IS NEAR!!!!

[NoClueSneaker]

CONgressmen would riot. No Defellation .

[depression]

This morning's POMO sure beat the hell out of that double POMO Ichan fiasco yesterday, glad to see the A-Team is back in control. Keepin the Dream alive, Ben & Jan

[no more banksters]

"The supposed Federal Central Bank of the US (Federal Reserve or briefly Fed), controls completely the monetary policy and the money flow in the country, while being under control of large private banks. It is characteristic, that one of the largest lenders of the US government is Fed, which holds a significant share of public debt. The debt of the Federal Government to Fed, is due to quantitative easing policies, i.e. mainly, printing new money.

Similarly, the ECB becomes a corresponding Fed in the European area, “serving” the problematic economies that are excluded from the bond markets, through the print of new money. Therefore, the problematic economies will be loaded with more and more debt which the ECB, i.e. the largest private European banks will hold."

http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-drag...

[orangegeek]

Deflation for everyone.

No one is spending.

Sony said they sold 1M PS4's already.

How??????    STUFFING FUCKING CHANNELS, THAT'S HOW!!!!!!    THAT'S ONE BIG BLOG OF A/R SNOT ON THE SONY BALANCE SHEET THAT ISN"T GOING TO GET PAID!!!!!