Moments ago ECB's Asmussen had some less than jovial words for EURUSD longs. To wit via Reuters:
- ASMUSSEN SAYS THERE WAS UNANIMITY ON ALL DECISIONS LAST THURSDAY INCLUDING THE RATE DECISION;
- ASMUSSEN SAYS ECB FORWARD GUIDANCE GOES BEYOND 12 MONTHS
- ECB'S ASMUSSEN SAYS IF NEEDED WE HAVE A RANGE OF STANDARD AND NON-STANDARD MEASURES WE CAN DEPLOY
And the punchline:
- ASMUSSEN, ASKED ON NEW LTRO, SAYS I WOULD NOT RULE THIS OUT
The intention, of course, was to crush the EURUSD now that redenomination risk is, supposedly, gone. We can't wait until said risk returns and Mario Draghi comes back urging everyone to buy, buy, buy the EURUSD.
Of course, end result for those who listened to us a week ago [5]and faded Stolper's latest EURUSD long at 1.3060, in a 260 pip gain with which we close the latest Stolper fade reco.
[6]
As for Goldman's muppet clients: -260 pips and the usual treatment.
