This page has been archived and commenting is disabled.
Markets 1 - 0 Draghi - EURUSD Rallies Back To Unchanged
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
»
- 7869 reads
- Printer-friendly version
- Send to friend
- advertisements -
It's Hyper-Mario, not Super-...
Mario needs to double down. It worked for Japan. Oh, wait...
**Update** Markets win and Draghi wins.... everything is bat shit crazy.... Market mechanisms are completely broken.
Interesting times.
The Euro was at 1.40 when he dropped the hint. It's still mission accomplished for him.
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..
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>.
Fuck you all central bankers
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.
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.
I can't believe how well they are keeping S&P from dropping. This is what happens when a few people have unlimited cash
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
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.
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
Yep, just a freak show now.
Where the fuck is Janet!?! I see red on the indexes! Fuck, I thought you had our backs Mrs Debtfire!
You mean it is really HE not SHE ? I kind of had my "doubts" too about Mrs Debtfire .. funny indeed.
leviating up now at nye onto 11.....teensy, weensy, itsy bitsy VOLUME
=
MORE MUPPET BUYING....
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!
Look at the DAX and you know the story of the day.
All the talk this week about how important this announcement was going to be....kind of fell flat....if it was a move..it would be a flop....
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.
Dees-a' currency market is a-makin' me a-crazy!
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.
Boom... look at those shorts get stopped out! 1.3640. Nice work Mario...nice
"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
buy the dip, and go to sleep!
<---BUY HIGH/GET HIGH/WATCH TV/LAUGH
<---SELL HIGH/GET HIGH/CURSE/LAUGH
....shake head and wonder when the end will be....best guess?
..when no one expects it....
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+%
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.
The currency competition is a tragical rat race with only one winner; monies. Which means gold and silver.