This page has been archived and commenting is disabled.
Draghi Jawbones "Appreciating Euro Would Be Risk To Recovery"; Market Shrugs
It appears His word is losing its omniscience. Speaking to the European Parliament, ECB's Mario Draghi unleashes a torrent of negative-now-but-positive-just-around-the-corner attempts to talk down the Euro... and it's not working...
- *DRAGHI SAYS APPRECIATING EURO WOULD BE RISK TO RECOVERY (sell!)
- *DRAGHI SAYS JUNE POLICY MEASURES HAS EASED POLICY FURTHER (see sell!!)
- *DRAGHI SAYS RISKS TO ECONOMIC OUTLOOK ARE ON DOWNSIDE (really sell please!!!)
- *DRAGHI SAYS READY TO USE UNCONVENTIONAL TOOLS WITHIN MANDATE (Seriously sell!!!)
For now, EURUSD dropped 5 pips and rallied back to unch... not exactly what he hoped for...
Draghi's demands...
- *DRAGHI SAYS EURO MEMBERS MUST ACT ON STRUCTURAL REFORMS
- *DRAGHI SAYS MUST TAKE CARE NOT TO ROLL BACK FISCAL AGREEMENTS
Well how's that going to happen when markets signal politicians that everything's fixed?
»
- 5238 reads
- Printer-friendly version
- Send to friend
- advertisements -
Is there a market left to jawbone? Or is it just algos trading with each other?
He finally agrees with me!
I never did appeciated the Euro, either!
Recovery? What's that?
The Euro is no longer backed by the shadows of the Deutschmark but by the German soccer team. To the moon.
Kicking the can got a whole new meaning with all those soccer games for suckers. Did not mean to hurt anyone`s feelings especially those flag waving crowds just returning home or base from proxy war games. And call it soccer , football, futebol or play hard ball fussball to win.
Whatever it takes, get distracted.
Currency what ? Money what? Just keep it up.
Arriba de la bola !
All that is left is bots talking dirty to themselves.
Equities are never going down as long as yields stay low. Yields will never rise as long as Central Banks are running the show. Till the CB's are broken, recession will be outlawed. BTFATH.
Over at KD's site a commentor tipped him to a Fed board of governors meeting today for an expedited consideration of Fed rates. Anyone have any other info? Tyler?
http://market-ticker.org/akcs-www?post=229193 from denningers site
euro has been trending lower for some time
http://bullandbearmash.com/chart/euro-daily-finds-near-term-high-and-can...
USD has moved higher - tapering should continue to push USD higher in the near term - which translates to more down in the euro
You want to see the ponzi euro drop, just wait until these figures come out during the European trading session later.
EUR German ZEW Current Conditions ? 67.0 67.7
EUR German ZEW Economic Sentiment ? 28.0 29.8
The German macro has been lousy over the last 2-3 weeks. If this trend continues the euro will get hammered later.
All speculating positions I ever took with or against was
FX . Had my own sort of bicmac index while doing business
in the currency areas of concern. Made out well against the odds. I was young and needed the money, vulnerable commodity
dollars hammered ever so viciously with easy winners.
Later as a private investor I wondered for example
what the Finkelstein described push against the Swiss
Franc would result into ? Caving in in no turn to accommodate the blackmail so the Swiss Franc would recover quickly ? Leveraged bet that made me more money they ever took from me on negative interest back in capital flight days.
Can someone tell me what does unconventional tools mean?
my take, direct confiscation on wealth...no more finger fucking...the real dick is cumming
Faith in the US Dollar is eroding. Draghi can talk all he wants, the players are reshuffling their portfolios as quiet and discreet as possible. If USD had any semblance of its former strength EURUSD would already be trading at par or close to it. Figure NIRP in EUR is still better than ZIRP in USD?
US is in full recovery as per the propaganda and still has the biggest guns on the planet. But propaganda is failing and the guns don't matter as much when its pretty obvious the US can't afford to pay their hired guns much longer.
End of King Dollar is what is really going on. Could very well be a massive reset coming and USD shedding double digit percentage valuations against all other fiats and of course commidities.
You didn't think this print fest went without consequences, did you? Balance sheet of 17+ trillion and public revenues are declining further.
Nuland says "Fuck the EU", Lagarde spoke about G7 in January when it was still G8 incl. Russia and min. two US spies have been discovered so far in Germany.
Merkel was in Russia, then in China, then meeting Putin again and the schedule is not done yet.
There is still a tomorrow even when the world treats the USD just like any other common fiat whore.
Unconventional tools means changing the rules as you go to your advantage.
...Which, in turn, wakes the Destroyer of Worlds, "Moral Hazard".