This page has been archived and commenting is disabled.
ECB Keeps Rate Unchanged At 0.75% As Expected
The rate announcement is not the surprise: virtually nobody expected a cut which would have taken the deposit facility to a negative rate and the monetary Twilight Zone. Where the surprise will come is what Draghi announces at the press conference in 45 minutes time which we will livestream when it starts.
From the ECB:
2 August 2012 - Monetary policy decisions
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
»
- 5555 reads
- Printer-friendly version
- Send to friend
- advertisements -
... and EUR/USD spikes on this? Is it because the market thinks Draghi will serve up some goodies at the presser to offset this disappointment?
Heil ZIRP! HEIL!
Nice little rampjob there in eurusd/gold.
Might be a nice fade.
... and EUR/USD spikes on this?
Of course......it's in the rulebook somewhere.....and there goes gold.
ECB keeps rates unchanged and futures still up. Is this market hoping for miracle in ECB conference ? http://www.freefdawatchlist.com/2012/08/last-day-to-save-euro-blame-it-all-on.html
Look at the Eur stumbling about like a drunken pig. what a joke.
I expected a rate rise, but I'm on medication
ECB cannot join BOE at .50% WHHHAAAAHHHHH!
Perhaps if he tried an obscure language...with a bad translator.
FED, BOE, ECB taking no action, now what ? "Rally ON " on hope that next month they will take some action http://goo.gl/vSf3D
someone ring a bell when the obvious manipulation ends.. its so old and just such a turnoff. yaawn on jobs tomorrow. data means nothing anymore. Thanks Ben!
Sell the EUR/USD @ 1.2317....your welcome
whomever junked me...you lost out on 100 pips...fool!
My bet is on a lot of blah blah trying to give Italy and Spain some relief but nothing substantial. Whether "nothing substantial" will enough to keep the sovereign rates where they are has to be seen. I expect Weidmann vs. Draghi 1:0
EUR/USD is getting as weird as the AH/PM action in GMCR.
Mistvieh gives your helmet back!!
Algos gone wild. Mkts just went Red.
No need to guess...just execute the exact opposite to what Draghi's employer, Goldman, says.
Nice try......do the opposite of what Goldman sez you Muppet.
Monti and Rajoy are meeting this afternoon as well. They are working on their strategy to get everyone else to underwrite their debts without actually revealing how much money we are talking about.
http://www.ft.com/cms/s/0/84ce5812-dc87-11e1-a304-00144feab49a.html?ftca...
It's time to end all the bs.
At this point I just want something to happen. It's friggen boring as hell.
In other news:
Efforts by PSA Peugeot Citroen (UG) andFiat SpA (F) to end losses in Europe could cost more than 500,000 people their jobs as automakers and parts suppliers grapple with the effects of the European sovereign debt crisis.
http://www.bloomberg.com/news/2012-08-01/losing-500-000-jobs-seen-new-reality-of-europe-crisis.html
This should get the market over 1400
no game to it. you see futures and you know what ben programmed the algos to do..lets just skip all this and get to the closing bell. its meaningless.
Mario: "I've got NOTHING!!!"
In the words of the wise Dave from storage wars:
YUP
Its like the only thing keeping the markets up is that maybe, something, hopefully will be announced?!
THIS SHOULD BE GOOD FOR A 500 PLUS MOVE RIGHT!
Bankers got nothing left but talk to buy massive market moves.
Rigged like a motherfreaker!
AND GUESS WHAT AND SO PREDICTABLE THAT EUR.CHF IS NOW UP FROM THE LOWS OF 1.2010....GERMANS AND SWISS SEEM TO WORK VERY WELL AS A TEAM...
Tears will flow this month.
Hysterical they keep the....."futures" green! They end in the Red. Some really sick psycho/algo games going on.
really .. if you worked for bubblevision how do you go to work everyday trying to convince yourself any of this matters.. they should just go on at 7, tell us what the closing bell is programmed to be and then hand it off to the everyday shamwow infomercial.. this isnt even funny anymore. Until the short ban is lifted this is pointless.
jobless claims.. yawn.. yippeee..snooz.. SPY 1400 here we come..whoo hoo!!
Draghi looks like Dr Doom..not an upbeat fellow.
http://www.youtube.com/watch?v=Q7aOWIFgIZQ
He just followed Dr Evil (Bernanke). Coordinated effort. Treasury yields fell on Draghi's announcement.
http://confoundedinterest.wordpress.com/2012/08/02/ecb-follows-feds-lead-how-about-no-but-maybe-later/