This page has been archived and commenting is disabled.
EURUSD Drops After Draghi Repeats Same Dovish Message Once Again
In a speech that was not supposed to discuss monetray policy, Mario Draghi appears to have been unable to control himself and repeated - once again - the same dovish message that he has for months:
- *DRAGHI: ECB WILLING TO ACT TO MAINTAIN MONETARY ACCOMMODATION
- *DRAGHI: ECB'S MONETARY ACCOMMODATION TO BE EXAMINED IN DECEMBER
And - once again - in its goldfish-memory-like manner, EURUSD legged lower, to the lows of the day as Pavlovian algos are unable to see through the same regurged jawboning.
Charts: Bloomberg
»
- 1140 reads
- Printer-friendly version
- Send to friend
- advertisements -
Hey ,why not. We all know the PIIGS are fucked. And the banks that lent to them in Germany and France are fucked. So why not play this little game of hide the risk and fuck the savers some more. Joe public seems happy with more credit cards to cover their falling wages and lower standard of living.
But to really add to the confusion, let's add in a million refugees from Africa and Syria- caused by none other than the EU and US, to break the countries backs. Man, these people are truly evil.
They are NOT refugees. Call them invaders, migrants, parasites or whatever but do not call them refugees.
Of course they are refugees, refugees from the ruin caused to their countries by US bombs and weapons, US-sponsored monsters, and Europe's collusion in these genocidal projects. No one would choose to go to decrepit collapsing Europe willingly. Even Genghis Khan stopped at Europe. "Why should I possibly go into that mire and sink. I've conquered all the civilized parts of the world."
European hubris ignores that it has enriched itself for five hundred years through the blood and sweat of Asia, Africa and the Americas. And that's all over now, not because of refugees, because of hubris, hubris, hubris. . .and no small amount of ignorance and stupidity. (Just like North America!)
yes, we are the Bad Boyz, bitchez
So Draghi's Magic Touch extends from "Make my day, Punk Markets" to "Kneel to the sight of my Mighty Jawbone, you Pigmy-Witted Algos"?
Perhaps there is indeed a secret basement in the ECB HQ in Frankfurt, pardon, I mean The €vil Tower, where Anti-Algos study the perfect speech patterns and market interventions that guarantee the "commercial" algos's obedience
Anyway, in a "Terminator" world, it would be a Draghi victory against the machines, would't it?
Size. It's important, in the monetary realm. Nobody, for example, is too much interested on what BoE's Carney says, but the whole country pretends to, to keep appearances. So Carney has to convey policy messages that are not monetary, too. Still LOLLing
Ever lasting stock market pumping. It's all the central banks have is to keep pumping stocks.
its also the best way to pay back the nominal debts that need to, at least at first, be repaid, and the best way to arbitrage disproportionate post 2007 enrichment....
paper and ink for things of real value
paper and ink for things of real value
paper and ink for things of real value
that's *the* name of the game.
One wonders how much land the US government owns, although not in accordance with the Constitution, that is pledged to foreign entities as security on the loans needed to remake the M.E. and threaten Russia.
Interesting notion.. I wonder if the jawboning is used to intentionally stimulate algos.
It's one of the surest bets you'll ever find.
jawboning is the method of choice for the ECB, BOJ, etc. They do choose their words carefully. so we should assume they're not just reminding the markets, yet again, they're waiting for the US Fed to do their work for them.
Seems to me the algos are being driven by CL today. It's up over 5% since overnight lows, and over 13% since a week ago. True to form, it springs to life when ES needs a boost, then settles back down after the "market" closes to repeat the whole exercise the next day.
http://pebblewriter.com/cl-algo-madness/
Does EU casino's memberswant more money (again)?
Most be those Russian hater living in the most corrupt Eastern Europe need another payments for Russian winter gas.
Mmm... mmm... mmm...
More of those pretty colored paper chips please we need new ATH
Draghi is so much better at market manipulation than Yellen.
He could pick his nose and send the market soaring!
Goldman beats Havard again.
Draghi: Hey Janet, Fuck Donald, I got your back!
Don't you see??!?!?! The Fed will be raising rates any day now! ... wait... what year is this again?
Message to shorts, these asshole CBs are going to fuck you in the ass every time.
Algo1: Didn't he says the same thing a couple of weeks ago?
Algo2: He sure did!
Algo1: And he didn't do anything?
Algo2: Yep!
Algo1: So........
Algo2: So what! Lets buy buy buy! We can unload it on the mutual funds later!