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  • ECB performs hawkish backward roll

    From think.ing.com

    Regarding actual decisions, the European Central Bank (ECB) hit the copy-paste keys and kept everything unchanged. As expected, all monetary policy instruments were left unchanged and even the wording was a verbatim copy of the December decisions. The ECB only took out the words “in either direction” when confirming that the Governing Council stood ready to adjust all of its instruments. As the ECB confirmed that interest rates would remain “at present levels or lower levels”, this small change in communication does not signal a change in the ECB’s stance. It was the press conference and the official ... (full story)

So the words taken out made it hawkish?
Very strange fundamental news!
As the ECB confirmed that interest rates would remain “at present levels or lower levels”, this small change in communication does not signal a change in the ECB’s stance. And 140 pips UP???? nonsense
GBP that had 0.25% rate hike did not perform as good as EUR that did nothing and NZD died the very day she hike her interest rate
  •  Guest
  • | IP XX.XX.74.233
This is very much a bull trap.
"Backward roll"... ha all I can picture is this for some reason:
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  • Post #7
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  • Edited at 12:45pm Feb 3, 2022 11:51am | Edited at 12:45pm
The rally is a bet on ECB acknowledgment of upside inflation risks and thus seen as hawkish.
Personally rally not a surprise but scale is. 180+ pips? (Edit: 330 +pips)
  •  Guest
  • | IP XXX.XX.18.8
NZD has been dying after last rate hike and BoE perform bad in comparison to ECB after rate hike.Always looks for stop hunts
What the f does this mean ???
Quoting RossEdwards
The rally is a bet on ECB acknowledgment of upside inflation risks and thus seen as hawkish. Personally rally not a surprise but scale is. 180+ pips?
The range is too much on nothing but hot air.
fake hawkish!!
EU been slaughtered for 7 months. What happened today should not be such surprise. But will it last or is it just an opportunity to sell it again. Time will tell.
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  • | IP X.XXX.4.127
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