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  • Monetary policy decisions

    From ecb.europa.eu

    At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy stance, supporting funding conditions in the real economy, especially for businesses and households. The purchases will continue to be conducted in a flexible manner over time, across asset classes and among jurisdictions. ... (full story)

Added at 7:47am

Added at 7:47am

Added at 7:49am

Added at 7:50am

  • European Central Bank ramps up its pandemic bond buying to 1.35 trillion euros

    From cnbc.com

    The European Central Bank (ECB) announced Thursday that it will increase its Pandemic Emergency Purchase Programme (PEPP) by 600 billion euros ($672 billion), as it attempts to bolster the region’s economy following the coronavirus crisis. The amount comes on top of 750 billion euros of government bond purchases that the ECB announced in March, taking to total to 1.35 trillion euros. The central bank also said Thursday that the duration of its crisis bond-buying program would be expended from the end of 2020 until June 2021. The emergency program has helped keep borrowing costs lower for countries in the euro zone ... (full story)

hmmm thank you for any ice creams
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Quoting swing77
hmmm thank you for any ice creams {image}
Just reaction to the news technical already broke Tline
Phew my DAX needed that. And I sleep assured that when PEPP is done by end of 2021 it will be replaced by PPEEP, Post PEPP.
ECB is hosting PEEP show
FED is having MILF program
Why this news makes eur rise? ) We used to see eur weakening on QE programs
EUR will sink when US market open.
Quoting rashadali
Why this news makes eur rise? ) We used to see eur weakening on QE programs
Sell it now !!! , this is Fuckin machines that Does this Shit
But why is euro bullish when the money is being made available cheaply? i am just curious
Hope so! Because it cut some of my contracts. I want to recover them ))
Quoting dele5000
But why is euro bullish when the money is being made available cheaply? i am just curious
Sell the rumour buy the news
Keep buying DAX. It looks like bad news is good news for the market. General good news is bad news for the markets. PRINT, PRINT, PRINT...
Short EURUSD/EURGBP/CHFJPY
I never expected it.
Hmmm it seems eur/usd pair will extend further after a 50 retracement be ready to continue the upward movement guys.
1.3 Trillion - It is NOT ENOUGH! I know those printing presses will hit 3.0 Trillion if you just hire some undocumented illegals to run those presses 24/7.
Risk-on is not over yet ... GU and HSI are still lagging ...
Quoting 4for4
Risk-on is not over yet ... GU and HSI are still lagging ...
yeah

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Quoting fxx360
EUR will sink when US market open.
umm.. up 1% after 1.5hours of trading
Can someone plz explain to me the logic behind rising EUR despite PEPP ? ( I'm a newbie)
Quoting Kamyabz
Can someone plz explain to me the logic behind rising EUR despite PEPP ? ( I'm a newbie)
Going out on a limb here, but it could be any one of these factors, or several combined, or even something quite beyond my grasp:

- Institutional investors having a severe case of USD doubt, more so than confidence in the eurozone's ability to perform. The increased and extended PEPP in this context was merely an added catalyst for something inherently inevitable.

- The USD printing press running harder, faster and fatter than that of the EUR = short term supply/demand issue.

- General, and probably legitimate, political concerns about the State of the Union and it's relations to the rest of the world.

In any case, you probably need to ask yourself: Is the Euro strenghtening, or is the USD weakening? Or is it a combination of the two? Who benefits?
Quoting mkjenna
{quote} Going out on a limb here, but it could be any one of these factors, or several combined, or even something quite beyond my grasp: - Institutional investors having a severe case of USD doubt, more so than confidence in the eurozone's ability to perform. The increased and extended PEPP in this context was merely an added catalyst for something inherently inevitable. - The USD printing press running harder, faster and fatter than that of the EUR = short term supply/demand issue. - General, and probably legitimate, political concerns about the...
Thank you very much, this helped me a lot.
Quoting 4for4
Risk-on is not over yet ... GU and HSI are still lagging ...
GU just crossed side ...
Quoting 4for4
{quote} GU just crossed side ...
HSI also followed suit ...
Now is the time to sit back and wait for the risk-off situation to come ... (after tonight’s NFP maybe?)
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