ECB Monetary policy decision

All is not good for the EU. Right now Spain is in the limelight but the Greece problem has not been resolved. The ONLY way to help the EZ is for the ECB to lower rates and devalue the Euro; but they are too stubborn to admit this is necessary.

Careful bears, S&P500 1389 is well defended by bulls, we could see a dip down followed by a powerful rip up later again. Same goes for the parasite.

Cant wait for the Mr. Mozarella "downside risk" speech. ^^

Where is Bonga Bonga!!

am both long and short @1.31210 as hedge liquidate the other once rally.

Euro!!!
Down...!!!

the result is widely expected, and seems to have been priced in so far. If it can break 1.314 nearest resistance and the next 1.31648 then north but at the moment, let's see how dovish Drag-queen will be at 13:30 + US unemployent that may spiral parasite down further. It's been consolidating at this lower level to potentially break a few levels below, 1.3115 (used to be a strong magnet for many days) 1.3078 1.3054.

Or try to pick up if there is any hint of QE3 from the US speeches this afternoon

So be patience and don't jump into a trade that you wish you never enter, but if you know what you are doing, good luck!

Looking at short term eur will grow - by Draghi...... (bullshit)

HOWEVER, there are few countries that will continue to dampened EU growth

This fker always paint a good picture then pause, and says "However.......blah blah blah negative"

http://www.ecb.int/press/tvservices/webcast/html/webcast_120503.en.html

What is MFI funds???? WTF is he talking about IMF funds or MFI funds lol??? MFI used to be a furniture company........

Q1 reflect poor results but the banks will do it's part WHEN demand continue (whenever the fk that will be)

Darghi - to sum up. The medium frame will be inline with forecast and most Euro countries made good progress (what?? which ones apart from Germany????)

Increase wages to promote innovation job creation and boost long time prospects (this I totally agree with Drahgi)

O dear another HOWEVER, there are few countries that have accumulated debts over long time and ECB needs to address individual problems. We know many countries have made progress but many have yet to do enough.

Now over to question time.

one or 2 of the chicks reporter at the video is nice looking but apart from that the whole meeting is a hoax Track record is good according to Draghi - my fking foot if the record is good, if it's good why does IMF needs a $400billion firewall?

He say anything to make EUR bounce back up.

this is not good for euro

Whats the impact?

seems like zero impact

moderately bearish on the euro against the us dollar

thanks jonahky7 for ur advice....better to wait for the trend.

Barrier option rumored at 1.3110 area rather than .3075 as reported. So watch it

The conference begins... Dovish or Hawkish ?!...

Wow this Draghi is such an arrogant bastard!! A pretty reporter asked him questions and all he said was "What did I said? What did I said, I'll read to you what I jsut said" - bastard

Draghi said - we have avoided a major credit crunch........

HAVE WE? Have we fking avoided it??? O no man not yet

There is a hint of a rate cut, but as usual he won't admit it but saying LTRO needs time to run through it.

(Now this is passing the baton game, it's not my (draghi) fking problem)

All in all nothing new from ECB, wow and 75 free pips

nice catch! Can't work out why this has all happened, what the hell, pips pips pips, and back to the level of yesterday!

This individual is ripe for joana7's pm....

always nothing

no impact... President Draghi decide to keep unchanged.