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  • ECB's Constancio says financial markets misinterpreted us a little

    From talking-forex.com

    ECB's Constancio says financial markets misinterpreted us a little, can still cut rates and implement QE or buy assets

Lol nice attempt to talk overpriced euro down
When the facts change I change my mind, what do you do sir
YEah, yeah we are listening to this 6 months now. Scaring the crows ... so we can shake every time .. we will be ready with our shorts when you do that mr Sonsitajfajgaosijf - whatever
go down....
EURUSD Up. LOL.
These people are joke....really I am scared of who is really running the show...IF IT IS UP TO THEM GOD HELP US..
AND ofcourse the euro will shoot up within the next couple of hours....
  •  Guest
  • | IP XXX.XXX.240.156
Eur cant be QE'd .it is Against constitution which creates eur. Buy German bonds, they will pay out in Deutschmarks when Eur is worthless.
Oh yeah... up up she goes!!!
Quoting Guest
Eur cant be QE'd .it is Against constitution which creates eur. Buy German bonds, they will pay out in Deutschmarks when Eur is worthless.
The will be forced to go into QE, by not sterilizing the bond purchases...It will happen sooner or later..otherwise Euro zone will not exist in two years time
Well.....he said financial markets misinterpreted ECB only a LITTLE. I wonder which part was that? I am sure Draghi called Constancio now and asking: "what the heck are u doing? We are doing just fine in Europe. Go to your room and think of what u did today."
Buy when everyone else is selling and sell when everyone else is buying !
Eur up, buy .. now its good time to buy
Before you make any comment you should know who is this Constancio? just check his history on wikipedia: Victor Constancio
KEEP CALM AND CARRY ON SHORTING
WTF, euro rallied 185 pips and nobody understand what ECB is saying, this is serious horseshit. This guys are mocking with markets. I bet they cashed in already.
No risk, No Glory.
Quoting thirsty
before you make any comment you should know who is this constancio? Just check his history on wikipedia: Victor constancio
ok now i worry even more.....fantastic cv
loool...seriously have told you guys that eur is a king of his own...Never bet against the eur
Vítor Constâncio

Two Portuguese banks (Banco Português de Negócios (BPN) and Banco Privado Português (BPP) had been accumulating losses for years due to bad investiments, embezzlement and accounting fraud. The Portuguese Central Bank, led by Constâncio, was criticized for having allowed this situation for years.

Constâncio was appointed vice president of European Central Bank, for an eight-year mandate, in a banking supervision capacity.
Tracking the Specialists.
is this the same person who drive up EU some weeks back by saying interest rates ?
Quoting Thirsty
Before you make any comment you should know who is this Constancio? just check his history on wikipedia: Victor Constancio
Good one. Colorful history this constancio guy has.
Without looking where are u from Thirsty, I knew it that is the nationalist inside you saying this phrase. And after I checked it, I had the confirmation. I understand why you defend Constancio but Connected said it all. Beside this and despite his position in the ECB, his opinion counts as mine or yours. Bundesbank puts the music and Constancio has to dance.
Buy when everyone else is selling and sell when everyone else is buying !
Boy ! Don't we, Europeans, look like clowns with guys (top super-duper leaders) like that !!!!!
Quoting H_Sapiens
Boy ! Don't we, Europeans, look like clowns with guys (top super-duper leaders) like that !!!!!
AGREE 100% with your comment
Quoting arenoosh
Without looking where are u from Thirsty, I knew it that is the nationalist inside you saying this phrase. And after I checked it, I had the confirmation. I understand why you defend Constancio but Connected said it all. Beside this and despite his position in the ECB, his opinion counts as mine or yours. Bundesbank puts the music and Constancio has to dance.
I am one of the many portuguese tax payers that are supporting Constancio's last years as a "model" bank suppervisor...

Now guess what? He was promoted to the ECB, and he is not paying taxes in Portugal for sure...
KEEP CALM AND CARRY ON SHORTING
Quoting arenoosh
Without looking where are u from Thirsty, I knew it that is the nationalist inside you saying this phrase. And after I checked it, I had the confirmation. I understand why you defend Constancio but Connected said it all. Beside this and despite his position in the ECB, his opinion counts as mine or yours. Bundesbank puts the music and Constancio has to dance.

The issue about Constancio's opinion is that when he speaks the EUR moves...

My opinion or yours is not able to do it...
KEEP CALM AND CARRY ON SHORTING
lol....

Fck me, what horseshit will they come up with next?

We have Euro heads contradicting one another for the last 18 months with rumours and throw away comments about future direction and policy and "the markets misinterpreted them a little"??

You would have to be either a zombie or a few cows short in the top paddock to STILL be trying to apply these lazy contradicting comments to your trading.
Come with me if you want to live....
stop listening these clowns and always use your brain, you will be always successful trader
You know the reason why; they're attempting to manipulate the value without resorting to lowering the base rate or indulging in full on QE. At some stage in 2014 the talking will stop and intervention starts...



Quoting Ill-b-back
lol....

Fck me, what horseshit will they come up with next?

We have Euro heads contradicting one another for the last 18 months with rumours and throw away comments about future direction and policy and "the markets misinterpreted them a little"??

You would have to be either a zombie or a few cows short in the top paddock to STILL be trying to apply these lazy contradicting comments to your trading.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
You know the reason why; they're attempting to manipulate the value without resorting to lowering the base rate or indulging in full on QE. At some stage in 2014 the talking will stop and intervention starts...
Could do.
Last week, we closed above the descending weekly trendline from 2008 and from my perspective at least, that puts it on the same higher TF overall bullish path as Cable.

Thank God I don't try to trade this pair anymore, it's been turning like a cut snake lately.
Come with me if you want to live....
  •  Guest
  • | IP XXX.XXX.157.30
Is dollar hunting season, first talk down the Euro, than come out talking like a hawk last week. Now you know who's manipulating.
Quoting Spreadbetter
You know the reason why; they're attempting to manipulate the value without resorting to lowering the base rate or indulging in full on QE. At some stage in 2014 the talking will stop and intervention starts...
They used the same policy with the Government bonds of Italy Spain and France and it worked....and Now they believe that they can do the same thing with the value of the euro....somebody has to tell them that the forexmarket is totally different than the Bond Market...
  •  Guest
  • | IP XX.XX.41.41
Dear Mr. Constancio. Of course markets know you can. But the game is about what you are doing, not what you can/could do "if". Lately you improved EU forecast, so I think, now it is you who try to misinterpret latest ECB statement and press conference.
Nice CV - based on it I understand: You could act against frauds in banks (to save some billions of taxpayers' euros), but you didn't do anything.
Now you are saying you can do something... - lol

I remember Mrs. Merkel said last year EUR/USD within range of 1,3-1,4 is absolutely OK so why these guys are so nervous?
Despite what we may think of the schizophrenic nature of the various ECB members they know how their remarks will be received and IMO they know that if the want to lower the value versus yen and the greenback they have to indulge in rounds of QE, or more versions thereof, in order to circumnavigate ECB 'rules'.


Quoting Marsfx
They used the same policy with the Government bonds of Italy Spain and France and it worked....and Now they believe that they can do the same thing with the value of the euro....somebody has to tell them that the forexmarket is totally different than the Bond Market...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
you are buying assets, QE is on and you are cutting rates, what BS you are talking/ no nothing new, now the market knows you that's why there wasn't any impact of you filthy talk.
Quoting Spreadbetter
You know the reason why; they're attempting to manipulate the value without resorting to lowering the base rate or indulging in full on QE. At some stage in 2014 the talking will stop and intervention starts...
Is that not why "forward guidance" was invented? Carney said higher rates once unemployment gets down to 7%, so traders drove up the Sterling. Now as the rate drifts lower Carney said well....it's not guaranteed, and the Sterling falls.

Same thing goes with the Fed. Unemployment at 7%, then down to 6.5% and everytime the rate drives lower.... well, we'll see what happens.

Draghi has been trying to control the euro without actually taking much action for a while, but in this case the market with force the ECBs hand, I think.

Again, the Aussie fell like crazy on the threat of RBA rate cuts or potential intervention. Steven said there's not much he can do because he doesn't want to cut rates, and the Aussie dollar squeezes higher.

Central banks are talking themselves into corners, and currencies are going ever which way.

BIS report said the implications of forward guidance over the long-term is likely to pose a bit of financial instability.
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
Is that not why "forward guidance" was invented? Carney said higher rates once unemployment gets down to 7%, so traders drove up the Sterling. Now as the rate drifts lower Carney said well....it's not guaranteed, and the Sterling falls.

Same thing goes with the Fed. Unemployment at 7%, then down to 6.5% and everytime the rate drives lower.... well, we'll see what happens.

Draghi has been trying to control the euro without actually taking much action for a while, but in this case the market with force the ECBs hand, I think.

Again, the Aussie...
This forced forward guidance is a sham.
They gave themselves a lot of leg room (particularly the Fed) when they offered up their guidance. Promised to keep rates low even when unemployment targets met.
Now considering looking at other indicators other than official unemployment with policy/QE decisions. Finally acknowledging the fragile nature of the workforce.
I think it will remain a guessing game until the end, forward guidance or no forward guidance as the goal post continue to ever so slowely shift.
Come with me if you want to live....
They try talking the economy in shape! Keep bad news away from us. What a joke. Maybe it's time to buy some metals...
"UniCredit Bank headquarters. UniCredit posted a record €14bn loss on Tuesday due to huge writedowns on bad loans and past acquisitions. REUTERS/Alessandro Garofalo" Yep time to move in gold and silver specially before ECB starts printing money. Precious metals: Gold +0.65% ($1357.72/oz); Silver +1.26% ($21.11/oz)

  •  Guest
  • | IP XX.XXX.4.25
Quoting Pip Anon
Lol nice attempt to talk overpriced euro down
Over priced to what extent? Over priced relative to what? Over priced since when? etc. This is the issue for most part time traders like you (most of the retail heard of which no member of FF in this thread to this post is an exception). You guys have not the time to actually develop a theory of the market that works and so you are all attached to the trite disciplines in one form or another or a mix of them including the highly speculative (rumor driven) OFT.

To be sure ill b back (though no different from the rest) has a fair view of things in that both the euro and GBP are fundamentally bullish (that is to say chaotically bullish). But to make outlandish statements such as "over priced" is really not in your interest (whether or not your aspirations are less than to attain professional standards given your part time trader status and therefore constraints at attaining the sort of insights that elevates you from that pit).

Nevertheless, my advice to you and the rest on this thread to post is this ---------> trading is not for everyone and if you must be effective understand it is a profession requiring some basic commitment to understanding how the market works for your investment horizon and therefore some respect for the basic form in which price moves. Going up or down price moves up and down and therefore what is important is not trend (for day traders like you especially) but phase. The theory is that price moves in persistent cyclic trends and therefore understanding the phasing of price and especially the unitary phase is what should underpin your analysis. If you appreciate what cycles imply and therefore phases you would appreciate that the market does not traffic in the terms to which you appear to view things so discovering the phase is crucial and with that very easy to read the market to and incredible level of accuracy -------------> for example the the euro is phased down at this time to the 1.37 handle (no Jupiter can change that market fact) in an overall uprising trend (i.e. unitary trend). That is all you need to know to work the market professional. Sell now and on indication buy around that level.

Getting into these exaggerated (and false posturing) such as your statement reveals is ludicrous to us pros. For one thing there is and cannot be a simple relationship between price movements in any interval to events and so called fundamental analysis. The participation structure and entailed affects of same guarantee that and therefore only mathematically chaotic analyses (reading non linear curves) represent valid views of the market. I hope you appreciate my intent. Thanks
  •  Guest
  • | IP XX.XXX.4.25
BTW: Just to show you sir that you can have absolute command of the market and make money if you understand phases and phases as I have described the trade for today is buy 1.38500 (or >) to TP circa 1.3900 with a stop loss at 1.38300 and a true risk evaluation 1/20 chance your stop loss will be hit (i.e. 95% confidence). With the right commitment (even as a non pro part time trader/commentator) you can succeed. But you must understand how the market works or more correctly how price moves. Cheers
  •  Guest
  • | IP XX.XXX.114.78
What a laugh at the overpriced scandal
Quoting Guest
What a laugh at the overpriced scandal
Nice one!
Quoting Guest
Over priced to what extent? Over priced relative to what? Over priced since when? etc. This is the issue for most part time traders like you (most of the retail heard of which no member of FF in this thread to this post is an exception). You guys have not the time to actually develop a theory of the market that works and so you are all attached to the trite disciplines in one form or another or a mix of them including the highly speculative (rumor driven) OFT.

To be sure ill b back (though no different from the rest) has a fair view of things...
Bro, im an institutional trader. So, im not sure who you are addressing. Secondly, you can check out indicators like PPP. Furthermore, the strengthening euro is not good for thier shit economy or price stability. The fact that you wrote a couple of rambling paragraphs to try and boost you ego is enough evidence that you are an internet warrior with little self esteem.
When the facts change I change my mind, what do you do sir
Quoting Guest
BTW: Just to show you sir that you can have absolute command of the market and make money if you understand phases and phases as I have described the trade for today is buy 1.38500 (or >) to TP circa 1.3900 with a stop loss at 1.38300 and a true risk evaluation 1/20 chance your stop loss will be hit (i.e. 95% confidence). With the right commitment (even as a non pro part time trader/commentator) you can succeed. But you must understand how the market works or more correctly how price moves. Cheers
Dude get over yourself. Just because the euro goes up doesn't mean anything. Wow you had a 50 pip target. Christ, who needs advanced math for that. I can look at any pair, any chart for a few minutes and give accurate price movements.

You sound like a mo-ron. I know your mommy tell you you are special, but get real.
When the facts change I change my mind, what do you do sir
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  • | IP X.XXX.226.14
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  • Story Stats
  • Posted: Mar 11, 2014 5:48am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 42  /  Views: 9,745