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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
  • ECB SAYS HORIZON FOR NET PURCHASES UNDER PEPP WILL BE EXTENDED TO AT LEAST END OF JUNE 2021

    — Breaking Market News (@breakingmkts) June 4, 2020
Added at 7:47am
  • ECB: ENVELOPE FOR PANDEMIC EMERGENCY PURCHASE PROGRAMME (PEPP) WILL BE INCREASED BY €600 BILLION TO A TOTAL OF €1,350 BILLION.

    — Breaking Market News (@financialjuice) June 4, 2020
Added at 7:49am
  • ECB: INTEREST RATE ON MAIN REFINANCING OPERATIONS AND INTEREST RATES ON MARGINAL LENDING FACILITY AND DEPOSIT FACILITY WILL REMAIN UNCHANGED AT 0.00%, 0.25% AND -0.50% RESPECTIVELY.

    — Breaking Market News (@financialjuice) June 4, 2020
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)

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  • Comment #1
  • Quote
  • Jun 4, 2020 7:52am Jun 4, 2020 7:52am
  •  swing77
  • Joined Oct 2015 | Status: Ltf market | 1472 Comments
hmmm thank you for any ice creams
Attached Image (click to enlarge)
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Size: 47 KB
 
 
  • Comment #2
  • Quote
  • Jun 4, 2020 7:53am Jun 4, 2020 7:53am
  •  Guest
  • | IP XXX.XXX.230.135
Quoting swing77
Disliked
hmmm thank you for any ice creams {image}
Ignored
Just reaction to the news technical already broke Tline
 
 
  • Comment #3
  • Quote
  • Jun 4, 2020 7:56am Jun 4, 2020 7:56am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1240 Comments | Online Now
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.
 
 
  • Comment #4
  • Quote
  • Jun 4, 2020 7:59am Jun 4, 2020 7:59am
  •  frontier
  • | Joined Dec 2012 | Status: Member | 143 Comments
ECB is hosting PEEP show
FED is having MILF program
 
1
  • Comment #5
  • Quote
  • Jun 4, 2020 8:04am Jun 4, 2020 8:04am
  •  rashadali
  • Joined Jan 2016 | Status: Member | 605 Comments
Why this news makes eur rise? ) We used to see eur weakening on QE programs
 
 
  • Comment #6
  • Quote
  • Jun 4, 2020 8:06am Jun 4, 2020 8:06am
  •  fxx360
  • | Joined Dec 2011 | Status: Member | 898 Comments
EUR will sink when US market open.
 
1
  • Comment #7
  • Quote
  • Jun 4, 2020 8:06am Jun 4, 2020 8:06am
  •  Ghass1234
  • | Joined Dec 2018 | Status: Member | 1411 Comments
Quoting rashadali
Disliked
Why this news makes eur rise? ) We used to see eur weakening on QE programs
Ignored
Sell it now !!! , this is Fuckin machines that Does this Shit
 
 
  • Comment #8
  • Quote
  • Jun 4, 2020 8:06am Jun 4, 2020 8:06am
  •  dele5000
  • | Joined Mar 2018 | Status: Member | 5 Comments
But why is euro bullish when the money is being made available cheaply? i am just curious
 
 
  • Comment #9
  • Quote
  • Jun 4, 2020 8:07am Jun 4, 2020 8:07am
  •  rashadali
  • Joined Jan 2016 | Status: Member | 605 Comments
Hope so! Because it cut some of my contracts. I want to recover them ))
 
 
  • Comment #10
  • Quote
  • Jun 4, 2020 8:08am Jun 4, 2020 8:08am
  •  kwanelemsomi
  • | Joined Mar 2020 | Status: OG | 61 Comments
Quoting dele5000
Disliked
But why is euro bullish when the money is being made available cheaply? i am just curious
Ignored
Sell the rumour buy the news
 
 
  • Comment #11
  • Quote
  • Jun 4, 2020 8:12am Jun 4, 2020 8:12am
  •  Forex.RayV1
  • | Joined Dec 2018 | Status: Member | 14 Comments
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...
 
 
  • Comment #12
  • Quote
  • Jun 4, 2020 8:12am Jun 4, 2020 8:12am
  •  saeedbarzvar
  • | Joined Sep 2011 | Status: Trust your brain | 43 Comments
Short EURUSD/EURGBP/CHFJPY
Find your passion and work hard
 
 
  • Comment #13
  • Quote
  • Jun 4, 2020 8:18am Jun 4, 2020 8:18am
  •  kingfrezo
  • | Joined Nov 2019 | Status: Junior Member | 1 Comment
I never expected it.
 
 
  • Comment #14
  • Quote
  • Jun 4, 2020 8:31am Jun 4, 2020 8:31am
  •  Faleti1
  • | Joined Jun 2020 | Status: Junior Member | 1 Comment
Hmmm it seems eur/usd pair will extend further after a 50 retracement be ready to continue the upward movement guys.
 
 
  • Comment #15
  • Quote
  • Jun 4, 2020 9:01am Jun 4, 2020 9:01am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2661 Comments
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.
...because you never know - until you do!
 
 
  • Comment #16
  • Quote
  • Jun 4, 2020 9:12am Jun 4, 2020 9:12am
  •  4for4
  • Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Risk-on is not over yet ... GU and HSI are still lagging ...
Market is not random but unpredictable
 
 
  • Comment #17
  • Quote
  • Jun 4, 2020 9:39am Jun 4, 2020 9:39am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2661 Comments
Quoting 4for4
Disliked
Risk-on is not over yet ... GU and HSI are still lagging ...
Ignored
yeah

Attached Image (click to enlarge)
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Size: 208 KB
...because you never know - until you do!
 
1
  • Comment #18
  • Quote
  • Jun 4, 2020 11:00am Jun 4, 2020 11:00am
  •  FancyBanksy
  • | Joined May 2020 | Status: Member | 9 Comments
Quoting fxx360
Disliked
EUR will sink when US market open.
Ignored
umm.. up 1% after 1.5hours of trading
 
 
  • Comment #19
  • Quote
  • Jun 4, 2020 12:10pm Jun 4, 2020 12:10pm
  •  Kamyabz
  • | Joined Jun 2020 | Status: Junior Member | 2 Comments
Can someone plz explain to me the logic behind rising EUR despite PEPP ? ( I'm a newbie)
 
 
  • Comment #20
  • Quote
  • Jun 4, 2020 5:13pm Jun 4, 2020 5:13pm
  •  mkjenna
  • Joined Mar 2010 | Status: Fluting on the humps | 147 Comments
Quoting Kamyabz
Disliked
Can someone plz explain to me the logic behind rising EUR despite PEPP ? ( I'm a newbie)
Ignored
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?
 
1
  • Comment #21
  • Quote
  • Jun 4, 2020 5:24pm Jun 4, 2020 5:24pm
  •  Kamyabz
  • | Joined Jun 2020 | Status: Junior Member | 2 Comments
Quoting mkjenna
Disliked
{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...
Ignored
Thank you very much, this helped me a lot.
 
 
  • Comment #22
  • Quote
  • Jun 5, 2020 2:47am Jun 5, 2020 2:47am
  •  4for4
  • Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Quoting 4for4
Disliked
Risk-on is not over yet ... GU and HSI are still lagging ...
Ignored
GU just crossed side ...
Market is not random but unpredictable
 
 
  • Comment #23
  • Quote
  • Jun 5, 2020 4:25am Jun 5, 2020 4:25am
  •  4for4
  • Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Quoting 4for4
Disliked
{quote} GU just crossed side ...
Ignored
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?)
Market is not random but unpredictable
 
 
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  •  Guest
  • | IP XX.XXX.181.91
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  • Story Stats
  • Posted: Jun 4, 2020 7:46am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 23  /  Views: 18,478
  • Linked events:
    EUR Main Refinancing Rate
    EUR Monetary Policy Statement
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