ECB Monetary policy decision | Forex Factory

  • ECB Monetary policy decision

    From ecb.int

    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 1.00%, 1.75% and 0.25% 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.

Comment Options
Forexgain
Jan 12, 2012 7:23am
Permalink
I guess Upside today.. may be we can see 20-30 pips down frm current level. but overall thumbs-up for today. Will cross 1.2800 tdy for sure but whether it can hold that level or not needs to be seen......
Reply
Forexgain
Jan 12, 2012 8:40am — Edited
Permalink
Quoting Forexgain
I guess Upside today.. may be we can see 20-30 pips down frm current level. but overall thumbs-up for today. Will cross 1.2800 tdy for sure but whether it can hold that level or not needs to be seen......
It's done.. bt E/U doesn't seems to be in a mood to hold 1.2800...
Reply
Sanguis
Jan 12, 2012 7:19am
Permalink
http://www.ecb.int/press/tvservices/webcast/html/webcast_120112.en.html
Reply
jonahky7
Jan 12, 2012 7:04am
Permalink
let's see if euro can hold till Draghi annoucement and news? Maybe a pop to 1.282 and 1.287???? Then short from there, who knows.

The selling at 1.2778 is not catching momentum, maybe it will in a while
Reply
jonahky7
Jan 12, 2012 7:25am
Permalink
i was hoping to see some rebounce with draghi's speech, who knows. Maybe it will happen........ down 40pips so far.

Results looks positive for euro today so hopefully it can give a boost for long then short from there

Some people laughed at my longing yesterday, well it paid off from yesterday. Will see what happen today
Reply
jonahky7
Jan 12, 2012 7:34am
Permalink
Quoting mima
usualy on thursday EUR is going up...
we'll see, did u make some pips longing yesterday, mima? Thankfully I did over 230pips - it was a misjudgement initially but opened 4 positions of long, was laughed at by many yesterday but got there in the end. A rollercoaster ride
Reply
jonahky7
Jan 12, 2012 7:39am
Permalink
From forex:

■Thorough analysis pf incoming data is warranted
■Signs of tentative stabilization
■LTRO is supporting the banks, but remain temporary in nature
■Financial market tensions dampening growth
■Expect very gradual recovery this year
■Very substantial downside risks from sovereign debt crisis
■Inflation rates elevated, likely to stay above 2% for several months before falling
■Growth and wage pressures modest; main downside risk: European and global growth
Reply
mima
Jan 12, 2012 7:39am
Permalink
Quoting jonahky7
we'll see, did u make some pips longing yesterday, mima?
Yes I did, yesterday exited short and switch to long, AUDUSD too...You don't mind when I joke a little, do you ?
Reply
jonahky7
Jan 12, 2012 7:41am
Permalink
EXPECT GRADUAL recovery, so we'll be looking at 2nd or 3rd quarter.

All the moment today, priced in. BIS and middle-east buy this morning then sold at 1.2778. 100pips both ways not bad for them.

Will we break 1.2665 today?
Reply
jonahky7
Jan 12, 2012 7:45am
Permalink
Quoting mima
Yes I did, yesterday exited short and switch to long, AUDUSD too...You don't mind when I joke a little, do you ?
Not at all, it wasn't you I was referring to, somebody else. End of the day, as long we make pips and profit doesn't matter whether it's short or long.

Didn't trade today as it's better to watch what's happening before pressing the sexy button.
Reply
jonahky7
Jan 12, 2012 7:50am
Permalink
Latest from forex:

■Rate decision was unanimous
■Reads G7 exchange rate statement
■Signs LTRO has been effective; gave banks insurance against risk of not having liquidity; gave banks to opportunity to manage assets/liabilities in more effective way; interbank lending markets thawing
■LTRO prevented major refinancing logjammed; money not staying in the deposit facility
Reply
jonahky7
Jan 12, 2012 7:54am
Permalink
Quoting iron312719
can you please update what is goning on because i'm at work and i cant follow the conference...
nothing new today but draghi wanted a long for today to bull doze the BIS and middle-eastern and russian seller at 1.2778. Maybe it can break higher, we'll see.....
Reply
jonahky7
Jan 12, 2012 9:29am
Permalink
Quoting Tahera
means it goes down???
it won't go down far, it might attempt to break 1.282 with a 2nd and 3rd wave. first wave 1.2839, let's see 2nd and 3rd before, that is if it decides to pop higher.

If not happening today, it might tomorrow
Reply
jonahky7
Jan 12, 2012 1:59pm
Permalink
are we going to hit 1.3 tomorrow? who knows - just trade. Unless there are more bad news coming in tomorrow, otherwise it will be a rally back to 1.3, first crossing the 1.287 mark and few other minor resistance.

That is IF euro can hang on to 1.282 ground till tomorrow.
Reply
Tahera
Jan 12, 2012 8:31am
Permalink
now it is 1.2793 still we can buy???can anyone tell me.
Reply
Tahera
Jan 12, 2012 8:52am
Permalink
means it goes down???
Reply
Minde
Jan 12, 2012 10:08am
Permalink
I hope we are HE HE
Reply
Minde
Jan 12, 2012 10:18am
Permalink
so what it breaks ? 2.82 or 2.84 ? how you think ?
Reply
jonahky7
Jan 12, 2012 7:02am
Permalink
Middle eastern sellers in EUR/USD

Well suppose it’s profit taking time ahead of the ECB announcement.

Apparently seen in the 1.2760′s.
Reply
jonahky7
Jan 12, 2012 7:04am
Permalink
yes catching up on selling
Reply
jonahky7
Jan 12, 2012 7:05am
Permalink
hope euro can pull a little needed hat trick today, pop higher
Reply
jonahky7
Jan 12, 2012 7:18am
Permalink
lol i dreamt, short
Reply
covs67
Jan 12, 2012 7:20am
Permalink
I hope USD will beat EUR again.
Reply
jonahky7
Jan 12, 2012 7:31am
Permalink
lol no boost from Draghi, come on draghi
Reply
mima
Jan 12, 2012 7:31am
Permalink
usualy on thursday EUR is going up...
Reply
jonahky7
Jan 12, 2012 7:32am
Permalink
don't disappoint euro with your first few speeches
Reply
jonahky7
Jan 12, 2012 7:35am
Permalink
GO Draghi give some diesel 20.0 engine and ramp dont disappoint euro..............am sure you can
Reply
jonahky7
Jan 12, 2012 7:36am
Permalink
Draghi: Price-pressures in euro zone remain modest

■LTRO is supporting the banks, but remain temporary in nature
Reply
jonahky7
Jan 12, 2012 7:37am
Permalink
will u be able to bull doze those bear just for today? maybe not..........
Reply
jonahky7
Jan 12, 2012 7:38am
Permalink
boring speech, nothing new or exciting.....
Reply
jonahky7
Jan 12, 2012 7:41am
Permalink
or go above 1.282
Reply
jonahky7
Jan 12, 2012 7:43am
Permalink
going upward now, can it go with a diesel 20 engine?
Reply
sureshort
Jan 12, 2012 7:45am
Permalink
everyone just tell me it EUR/USD going up or down ?
Reply
jonahky7
Jan 12, 2012 7:46am
Permalink
old diesel of draghi starting to ramp a bit, how long can he go? not much good news from him on live conference
Reply
jonahky7
Jan 12, 2012 7:49am
Permalink
yes. draghi pulled a hat trick on live conference, bull doze those bear for today! go higher
Reply
jonahky7
Jan 12, 2012 7:51am
Permalink
thanks forexlive
Reply
iron312719
Jan 12, 2012 7:51am
Permalink
can you please update what is goning on because i'm at work and i cant follow the conference...
Reply
jonahky7
Jan 12, 2012 7:52am
Permalink
i meant the BIS and middle eastern bears
Reply
jonahky7
Jan 12, 2012 7:55am
Permalink
today's game is not for us small traders, include myself. let's see what happen and trade after
Reply
jonahky7
Jan 12, 2012 7:56am
Permalink
another 20odd pips to bull doze the early bears, Draghi can you pull it??
Reply
iron312719
Jan 12, 2012 7:57am
Permalink
ok, thank you!
Reply
jonahky7
Jan 12, 2012 8:00am
Permalink
draghi only 30pips so far.......come on you can do better than that? Half an hour you should have done at least 50
Reply
jonahky7
Jan 12, 2012 8:01am
Permalink
Draghi scored on conference, 40pips up now
Reply
jonahky7
Jan 12, 2012 8:05am
Permalink
Home strike at 1.276 back home, can it go any higher? Looking at facts and fakes for today, yes it will go high today!

Whether it can go to 1.287 is another question
Reply
jonahky7
Jan 12, 2012 8:06am
Permalink
draghi will need a positive LONG for himself today, otherwise his days at ECB will be numbered. FOr me this is a fact
Reply
jonahky7
Jan 12, 2012 8:07am
Permalink
mima are you trading today?
Reply
jonahky7
Jan 12, 2012 8:13am
Permalink
losing some momentum for long 1.279, some sell there, heard is the russians.
Reply
jonahky7
Jan 12, 2012 8:16am
Permalink
draghi can score 1.282 today
Reply
jonahky7
Jan 12, 2012 8:17am
Permalink
see if he can strike 100pips for his first few speeches, LONG
Reply
iron312719
Jan 12, 2012 8:59am
Permalink
50-70 anyone think it's possible for today?
Reply
mima
Jan 12, 2012 9:10am
Permalink
AUDUSD,
Quoting jonahky7
mima are you trading today?
Reply
jonahky7
Jan 12, 2012 9:35am
Permalink
eur still very weak, we all know that, no attempt for 2nd nor 3rd wave......lol
Reply
jonahky7
Jan 12, 2012 9:41am
Permalink
draghi show ended with a 130pips bull, not bad a show. carry on draghi + your euro counterparts
Reply
jonahky7
Jan 12, 2012 10:07am
Permalink
are we in for a 2nd wave break upwards? ho ha!!!!
Reply
jonahky7
Jan 12, 2012 10:08am
Permalink
seems likely go on then euro bull doze the bears for a day
Reply
jonahky7
Jan 12, 2012 10:08am
Permalink
before we bear again
Reply
jonahky7
Jan 12, 2012 12:02pm
Permalink
O LONG, you are back! Double bottom at 1.2665, go fly!
Reply
tradersean
Jan 12, 2012 12:09pm
Permalink
If the Euro closes higher today, we could see 1.300 test soon.
Reply
jonahky7
Jan 12, 2012 12:11pm
Permalink
eur losing steam.......

Handelsblatt: Germany to lower growth forecast to 0.75% from 1% in 2012
Reply
jonahky7
Jan 12, 2012 12:51pm
Permalink
come on bull, do some bullshit today try hitting the upper resistance line
Reply
jonahky7
Jan 12, 2012 2:18pm
Permalink
yes euro is holding on at 1.282 at the last 45min, go girl, see if you can hit 1.285 run for further rally.
Reply
jonahky7
Jan 12, 2012 2:19pm
Permalink
Obama asks Congress to raise debt ceiling

See the ugly truth about US is coming out now
Reply
jonahky7
Jan 12, 2012 2:28pm
Permalink
yep 1.282 seems to be grounded for now. a nice little minor support
Reply
sureshort
Jan 13, 2012 4:47am
Permalink
how far EURUSD will go down ?
Reply
sureshort
Jan 13, 2012 4:49am
Permalink
what's the news on auction ????? good or bad ?
Reply
Trader#B6CD
Jan 12, 2012 7:09am
Permalink
Very Strong Euro buying from Asia and wall of limit buy orders below 1.2730.
1.30 on Monday?
Reply
Trader#90A0
Jan 12, 2012 7:24am
Permalink
its going down... when it will go up ?
Reply
Trader#90A0
Jan 12, 2012 9:27am
Permalink
after hitting 1.283 where will it go ?
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats