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  • Bundesbank: Hasn't Changed View on ECB Buying Government Bonds [DJ]

Bundesbank: #EFSF Buying Government Bonds Is "Unproblematic" [DJ]
Bundesbank: Hasn't Changed View on ECB Buying Govt Bonds; Would Be "Problematic," Create False Incentives, per DJ.
UER will touch 1.2140 today
  •  Guest
  • | IP XX.XX.14.241
The 2 day rally in Euro is over...continue the selling to 1.2000 and then beyond, eventually 1.0000!!!
can any one explain wht that mean what would be reaction
EURO-DOLLAR: Gets knocked lower as wire reports a Buba retort to Draghi
comments Thursday, saying they have not changed their view on ECB buying
bonds. Euro-dollar breaks below $1.2260, extends lows to $1.2255. Corp
demand noted into $1.2250.
Quoting Aaryan
can any one explain wht that mean what would be reaction
It means the German telling Draghi to stick his head in his bum - in other words short. The Germans did not say anything yesterday but it's a move going back to square one.
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  • | IP XX.XX.14.241
Yep, I was wondering when the Merkel squad would open their big mouths and kill the Euro again!
It means they're still playing 'chicken'. Draghi vs Weidmann.
  •  Guest
  • | IP XX.XX.14.241
Quoting Sanguis
EURO-DOLLAR: Gets knocked lower as wire reports a Buba retort to Draghi
comments Thursday, saying they have not changed their view on ECB buying
bonds. Euro-dollar breaks below $1.2260, extends lows to $1.2255. Corp
demand noted into $1.2250.
I don't see any demand, it's down to 1.2240 and has been selling off for over 2hrs now...the whole London session.
this is a nice match .. Buba vs. Draghi, it's a tie right now .. which means things will probably reverse to yesterday's state .. on a slower pace probably, but the direction is clearly down
I was waiting already in the morning. Legitimate point of view.
Quoting Sanguis
I was waiting already in the morning. Legitimate point of view.
This is just one of the south news, I'm waiting for 3 more news : IMF on Spain, Troika on Greece and US GDP
lol..there is always guy like you - first lets get to 1.2226-30 area
Quoting Pip_tracker
UER will touch 1.2140 today
Early to bed, early to rise, keeps you healthy, wealthy and wise.
Quoting jonahky7
This is just one of the south news, I'm waiting for 3 more news : IMF on Spain, Troika on Greece and US GDP
Good US GDP, carry trade KO.
Quoting jonahky7
This is just one of the south news, I'm waiting for 3 more news : IMF on Spain, Troika on Greece and US GDP
jonahky, you are from UK, what do you think about GBPUSD ?
GBPUSD will move up a bit, but not much, expect to reach 1.5845 within next week, then back down but higher previous low. Just my 2 cents opinion...
Quoting moaf
jonahky, you are from UK, what do you think about GBPUSD ?
Yep from UK that's for sure. My 2cts opinion - GBP/USD is usually correlated with EUR/USD but now things are sligthly different. Cos Euro zone is very bad n GBP/USD may not be affected too much down as compare to parasite. There is a very strong cap at .5400 area, and I do HOPE that GBP/USD will continue to rise or more likely flat (dependant on big players and greed really).

However don't forget forex is hugely manipulated by the big players, I heard this morning's short was from the Far East as usual (possibly China n ACB) - to fill their books. With the Chinese owning so much bloody useless assets in EU - in the trillions. The Chinese needs to look at ways to counter balance their balance sheet, one possible way is what we see this morning - which is expected really - buy HOPE sell TRUTH.

Coming back to GBP/USD, it should prform better than parasite, it went above 230pips yesterday, as compared to ~200pips for parasite.......

The market might hook on hopium for a short while till next week's ECB, if Drag-queen doesn't deliver, you know where to enter

that's my bullshit.
Sergej Rybalko , FX Dealer, Saxo Bank
*DJ Bundesbank: Hasn't Changed View on ECB Buying Government Bonds
*DJ Buba: ECB Govt Bond Buys 'Problematic', Create False Incentives
*DJ Bundesbank: EFSF Buying Government Bonds Is "Unproblematic"

Nothing new to me in those BUBA comments as it has been their stance all the way. Also hearing large lhs EUR/GBP going through for 11am (UK time) paired with stop losses through yesterdays lows at 0,7815. EUR/USD stops are building below 1,2230 and the real pain should start to kick in sub 1,22. 1,2330 seems to be the key level on the upside now and it is populated with good supply. Large stops above those highs.
Quoting eqshack
lol..there is always guy like you - first lets get to 1.2226-30 area
Can't agree more, a step and a time rather then dreaming on...... though there is a possibility
Bundesbank says smp blurs line between monetary, fiscal policy
Germany is perpetuating the recessionary slide by not playing ball. I can see where they're coming from, but this kind of stupid blabbering from the stubborn buba is really counter-productive. Southern Europe needs to take their medicine but so do the Germans.
Quoting globular
Germany is perpetuating the recessionary slide by not playing ball. I can see where they're coming from, but this kind of stupid blabbering from the stubborn buba is really counter-productive. Southern Europe needs to take their medicine but so do the Germans.
That's why is call the Euro la la land matey
Quoting globular
Germany is perpetuating the recessionary slide by not playing ball. I can see where they're coming from, but this kind of stupid blabbering from the stubborn buba is really counter-productive. Southern Europe needs to take their medicine but so do the Germans.
wud u want 2 pay ur neighbors bills?
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  • Posted: Jul 27, 2012 4:47am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 24  /  Views: 5,640