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  • E.C.B. President Talks Up the Euro, and Lifts Stocks

    From nytimes.com

    The European Central Bank appears increasingly willing to throw around its weight in bond markets to hold down borrowing costs for Spain — or at least wants traders to worry that it will. The euro and European stocks rose sharply Thursday after Mario Draghi, president of the E.C.B., said in London that the bank would “do whatever it takes to preserve the euro.” His comments were interpreted by some to mean that the E.C.B. might resume intervening in bond markets to keep borrowing costs for Spain and Italy under control. The E.C.B. would stay within its mandate, Mr. Draghi said in remarks at an investment ... (full story)

talk and talk and more talk... talk is cheap!
  •  Guest
  • | IP XXX.XXX.159.53
Draghi said the same thing on 7/21/2012. Check article below
http://www.ecb.int/press/key/date/2012/html/sp120721.en.html

Haha . Hilarious. Did you expect him to change his mind in 5 days?
yeah.. bla bla bla... but thanks for 200 pip ride
Mujtaba Rahman, pointed out that the end of the euro would mean the end of the E.C.B. as an organization, something Mr. Draghi obviously wants to prevent.

“If the euro disintegrates, they are all out of work,” Mr. Rahman said. “So, there is a preservation instinct at play here also.” Yes a preservation of their European Job try to knock to JPM ot GD Citi doors
  •  Guest
  • | IP XX.X.101.59
Mario Draghi and good old Ben Bernake... 2 of my least favourite people... just bull**** that comes out their mouths
Quoting Guest
Mario Draghi and good old Ben Bernake... 2 of my least favourite people... just bull**** that comes out their mouths
Yea, but the market moves on Bull****
So you're listening to people you actively dislike? Why would you do that? I don't do that. ♪♪♪ To the heart and mind, ignorance is kind ... ♪♪♪
forget about tomorrow, just steal away into the night
A lot of the people who comment here talk like gamblers. One comment read "Fuck Bernake" in a previous article comment. If you had stayed out of the market before the high impact news and then jumped in after a clear trend was established, then you wouldn't be upset.

Stop gambling and you'll stop whining. How do you stop gambling? You take less risk both by having lower leverage and by avoiding going in blindly into news events like this one. Really, everyone here should be making some amount of money if they just follow the trend. Why are you trying to outsmart the big players? You can't. You won't. It'll just be a matter of time until your account is blown.
EURO-DOLLAR: Eases back under $1.2300 area as some chatter circulates
that Draghi remarks were a reiteration of already known views, and not
an extension of his current thinking. Traders also starting to observe
that the comments today have effectively raised the bar for next week's
ECB meeting and they say that failure to follow up talk with bold action
may well see the euro relinquish all of the gains scored today, and
more, and quickly! For now, euro holding at $1.2295 area ahead of the
London fixing where, guesswork may suggest some demand may be seen. Last
$1.2295.
Talking COSTS nothing, keep on talking Bull**** Do nothing
I would think Draghi will deny later on. Yes, Nein game is on again.
  •  Guest
  • | IP XX.XXX.104.149
Money talks, bullshit walks, so let's see if this speech is as good for the EUR as it seems today.

This EU guys keep on doing everything to keep the "fakery" going on and keep the crisis running. It reminds me of that iraqi minister when the 2nd iraqi war stalled, saying that everything was OK and under control with the images showing the city crumbling right behind him.

How about trying to really solve the crisis even if it hurts in the beginning? ...and it's going to hurt a lot, we all know that... but the more time they take to actually try to do something that really solves something, the worst it will be.
Quoting Curiosity
A lot of the people who comment here talk like gamblers. One comment read "Fuck Bernake" in a previous article comment. If you had stayed out of the market before the high impact news and then jumped in after a clear trend was established, then you wouldn't be upset.

Stop gambling and you'll stop whining. How do you stop gambling? You take less risk both by having lower leverage and by avoiding going in blindly into news events like this one. Really, everyone here should be making some amount of money if they just follow the trend. Why are...
Right on point lol i don't know what they are complaining about i got 189 pips from GBP/USD. they need to start learning how to trade.
Anything can happen in FOREX. There's no 100% sure
Quoting frx_trader
I would think Draghi will deny later on. Yes, Nein game is on again.
ha ha... same view
  •  Guest
  • | IP XXX.XXX.39.60
I bet euro will go down further until the bad economic report stop coming...
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  •  Guest
  • | IP XX.XX.14.80
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  • Story Stats
  • Posted: Jul 26, 2012 10:35am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 15  /  Views: 3,365