Markets 1 - 0 Draghi - EURUSD Rallies Back To Unchanged

Tyler Durden's picture

A mere 2 hours after Mario Draghi unleashed a slew of liquidity providing, currency-war-fighting, inflation-boosting, but not expropriating savers, policy maneuvers, EURUSD has rallied all the way back to 1.36... the level at which it traded before he dropped his tape bomb. Just as we noted in the early morning, absent a full-scale QE it was a disappointment for the 'priced-in' jawboning, "which means the EUR will ultimately move higher after a kneejerk lower as the market forces Super Mario to do even more next time." Sure enough, that is happening...



Charts: Bloomberg

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Central Wanker's picture

It's Hyper-Mario, not Super-...

Millivanilli's picture

Mario needs to double down. It worked for Japan. Oh, wait...

wallstreetaposteriori's picture

**Update** Markets win and Draghi wins.... everything is bat shit crazy.... Market mechanisms are completely broken.

fonzannoon's picture

The Euro was at 1.40 when he dropped the hint. It's still mission accomplished for him.

HUGE_Gamma's picture

ive been trading EUR for 10 years.. considering its been around 1.35 "forever".. the move from 1.40 in the past month was epic..

NoDebt's picture

You know, I'm getting very accustomed to nothing happening. Except gold dropping and the S&P going up, of course.

In fact, I'm getting sleepy.  Very..... sleepy..... <yawn>.

Aknownymouse's picture

Fuck you all central bankers

Spungo's picture

They should just pass a law saying all trade with countries outside of Europe cannot be done in Euros. Bam, value of the Euro crashes.

dressguard's picture

The central banks should stay focused on dropping the gold price. That gives them leverage. Everything else fails. So this move from the ECB today was clearly a shot in the foot.

pound the vix's picture

I can't believe how well they are keeping S&P from dropping.  This is what happens when a few people have unlimited cash

NDXTrader's picture

Just highly choreographed moves to shake everyone out before futures expire next week. Prediction: We do just the opposite tomorrow after the payrolls report - plunge on the report and then buying all day. The only thing that matters now is screwing everyone before next Friday

Al Huxley's picture

June is 'No POMO Fridays' month, so Janet and her flying monkeys better get their asses in gear and give us a good day today, because if we go into a no free money day on a down-note that could fuck up the whole 'improving economy, no inflation, everything's coming up roses' , magic voodoo bullshit vibe that's driving everything right now.

pound the vix's picture

No need for POMO on Fridays during the summer.  Bankers always juice thier p&L on Friday to support their $1000 an hour Russian hooker and the helicopter ride out to the house in the hamptons for the weekend

Callz d Ballz's picture

Yep, just a freak show now.

Al Huxley's picture

Where the fuck is Janet!?!  I see red on the indexes!  Fuck, I thought you had our backs Mrs Debtfire!

whatsinaname's picture

You mean it is really HE not SHE ? I kind of had my "doubts" too about Mrs Debtfire .. funny indeed.

BeetleBailey's picture

leviating up now at nye onto 11.....teensy, weensy, itsy bitsy VOLUME



Sudden Debt's picture

Which is good because during the summer, people love cheap dollars to go on vacation!

Draghi wouldn't DARE to spoil the people's vacation!

dressguard's picture

Look at the DAX and you know the story of the day.

youngman's picture

All the talk this week about how important this announcement was going to be....kind of fell flat....if it was a would be a flop....

Doom and Dust's picture

Dear Americans,

Please keep your runaway jewry and their jewified cronies within your own borders. Let them rape, pillage and plunder your homeland. We Europeans did our best to weed them out. You wouldn't let us. Now take care of your own fucking jew problem.

Thanks, A.H.

tommylicious's picture

Dees-a' currency market is a-makin' me a-crazy!

orangegeek's picture

Central banks buying up with their fiat - problem is that when this trend exhausts, there's few to sell to.


Have fun with that banksters - you're just playing with yourselves.

huggy_in_london's picture

Boom... look at those shorts get stopped out!  1.3640.  Nice work Mario...nice

discopimp's picture

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."  subsitute America for Euroland...

Looks like the Central banks are making the last push to stuff banks worldwide with enough fiat, and that of there depositors, to buy back those same depositors homes for pennies on the dollar/euro/_hit fiat of choice


timmeh's picture

buy the dip, and go to sleep!

BeetleBailey's picture



....shake head and wonder when the end will guess?

..when no one expects it....

Debugas's picture

thank you mr. Draghi but i will wait until my bank pays me at least 10% annual when i borrow money from it to buy some shit which is overpriced by 20+%

tmfp's picture

It was a classic "buy the rumour, sell the news" pump and dump day. The Dax went from 9910 up to 10010 in the middle of his press conference, then back to 9910 an hour and a half later.

I shall be able to afford to buy a nice bottle of italian wine on the strength of that, and will drink to Draghi's painful death.

Space Animatoltipap's picture

The currency competition is a tragical rat race with only one winner; monies. Which means gold and silver.