EURUSD Surges As Draghi Disappoints Again

Tyler Durden's picture

Promises, promises. A lack of easing, aside from a promise of "lower for longer", has driven EURUSD back above 1.38 as the market is once again disappointed by Draghi's lack of exuberance.

  • *DRAGHI SAYS UNEMPLOYMENT STABILIZING, REMAINS HIGH (umm, continues to rise every month?)
  • *DRAGHI SAYS UPSIDE, DOWNSIDE INFLATION RISKS REMAIN LIMITED (umm, continues to plunge every month?)
  • *DRAGHI SAYS RISKS TO ECONOMIC OUTLOOK ARE ON DOWNSIDE (umm, stocks are at record highs?)
  • *DRAGHI SAYS REAL INCOME SUPPORTED BY LOWER ENERGY PRICES (umm, so no sanctions on Russia then?)

But apart from that, Draghi is "nailing it"...



We are sure a stronger currency will work wonders for the recovery...

Just how cornered is Draghi - well you decide - after these comments...


So why no "stimulus" - what's he worried about?

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Sudden Debt's picture


waterwitch's picture

That chart would suggest that it's the ship's vertical position stern up--just before the plunge.

asteroids's picture

Fucking weasel bankster. As long as the DAX, the CAC, and the FTSE all go up, that's all that matters.

furgheddubouddit's picture

So Mario Draghi is the bad guy because he refuses to fire up the printing presses Yellen-style and inflate huge bubbles all over the economy?

Out of all the central bankers, I'd say he's the most sensible. He acknowledges that it's not the central bank's job to artificially stimulate the economy through voodoo economics! It's the fat, lazy and crooked politicians' job to implement the necessary reforms to facilitate new growth.

The high Euro and stockmarkets are due to the irresponsible 'money=toiletpaper' policies of the FED and BOJ, who are currently flooding the European continent with piles of printed Yen and Dollars. Attempting to blame Draghi for that is senseless. 

BeetleBailey's picture

Without Germany, the Euro is FUCKED....

Period. No matter what Draghi does or says

HardAssets's picture

Hmmm  . . . what's 'worth' more ? . . . .

crap . . or more crap

ptoemmes's picture

Hey, hey, it's me - Mario - over here.  Pay attention to me.

Sufiy's picture

Eric Sprott on Ukraine Russia War: Capital Controls, Bank Runs, Gold and Silver Forecast 

 Eric Sprott discusses the Gold market manipulation and the set of evidence presented by a number of new reports on the subject. According to Eric, demand for Gold is exceeding available supply and it will power the Gold price much higher. China is buying record amounts of Gold and situation in Ukraine puts more strain on the global economy and its monetary system. Gold is the place you turn during the financial and political distress.


Koos Jansen: Chinese Physical Gold Demand YTD 369t Up 51 % Y/Y TNR.v MUX GDX GLD RGLD ABX

Non Passaran's picture

Had to log in from another client just so that I can junk this spammer...

On-topic: this will do wonders for eurozone exporters. Since the US is recovering so well maybe the Fed can deduct another 10 bn. from QE 4EVA. Let's give it a try, Janet!  


GooseShtepping Moron's picture

OT: Has Bitcoin's creator been ferreted out?

Panem et Circus's picture

Awesome, thank you. This quote tells me everything I needed to know about Bitcoin:

The Japanese native is described as moody and secretive by family and associates, and has a career steeped in work for corporations and the military.

Arthur Nakamoto, the bitcoin creator's brother, told Newsweek that the developer was a brilliant man who had worked "on classified stuff," yet used a vulgar term to describe his personality.

GooseShtepping Moron's picture

You're welcome. I look forward to seeing how this impacts the discussion here at Zero Hedge.

I have always believed that one of the major red flags concerning Bitcoin was the opacity of its creator. People were willing to put their money into this thing and nobody even knew who or what was behind it. Hard-core Coiners maintained that this made no difference at all. Since it was an open source distributed ledger, they said, the creator was irrelevant.

I disagree. The personality and background of this man are extremely relevant. Everything has its origin in a personality. To understand something you must understand the will behind it. This developing story is a big piece of the puzzle.

f16hoser's picture

Draghi/Yellen Rock!

Racer's picture

Draghi: Inflation Expectations Are Firmly Anchored, They Were Not in Japan Case



So hmmmm, why am I so very worried about my electricity, gas and petrol bills going higher and ever higher?

Ghordius's picture

when you use the word "petrol" it gives the impression that you live in the UK, which is not in the eurozone. perhaps Irish?

Escapedgoat's picture

Not all of us are native Brits, you know me lad.

Truther's picture

Draghi: "We're so fucked we had something drop in our pants... Something heavy"

SheepDog-One's picture

Lower energy at all-time record highs.....what are these kooks smokin?

kellycriterion's picture

The NWO is actually Imperialism 2.0. Confiscate up(while promising trickle down)favors the top of the food chain, in this case the US, rather strongly. Will US western allies begin to notice? Mostly at the bottom not so much at the top.

saulysw's picture

When things get serious you have to lie.