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  • ECB said to see market as misjudging Draghi speech on stimulus

Added at 8:26am

  • EURUSD, Bund Yields Plunge After ECB Tells Market 'You Misjudged Draghi's Comments'

    From zerohedge.com

    Just as we warned was likely (how many times have we seen this game played), The ECB has come out this morning to explain to the market that the reaction to Draghi's hawkish speech yesterday was entirely mistaken. The reaction is clear - EUR and Bund yields are tumbling. Following the euro’s biggest daily jump in over a year, in what could be interpreted as verbal intervention, ECB’s Constancio said that market reactions aren’t always understandable and that Draghi didn’t say anything new in regards to recent ECB policy. Mario Draghi’s speech in Sintra on Tuesday was “totally” in line with recent ECB ... (full story)

OH WTF?
Damn. I was watching for a few pips higher before shorting, and there it goes. ...reaches my profit target in 15 seconds....
Sure I have a trading plan. Buy low. Sell high. What's yours?
ROFL
LoL, good statement.
IF 27
What the hill. Is this not the manipulation of market?
Forex; the game of movements not the game of candles.
I was very suspicious yesterday. Today it seems, that Draghi only delivered his peers a perfect selling opportunity.
We will see.....
Haha What did I say ???!!!
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Good good..good job
Translation "If you were short we are gunning for your stops"
Rather predictable wasn't it?
Talk about topsy turvy!
you have to be kidding ?!
Quoting Sajid
What the hill. Is this not the manipulation of market?
Completely correct, but so many reasons to wonder about the continuation of the sell off.
what does it mean for GBPUSD?
Usual market manipulation I see!
Already starting to find buyers. Anonymous Tweets strike again.
Another fast way to make money burns!!! Sellers will emerge now!
its going to go down way more, its only just strated
That's what I thought. Yesterday. Honestly. LOL
Some naïve gullible traders still believe the markets aren't rigged. OMG!
Which one will be the next to induce volatility? GBP, AUD, NZD...?
Hey buddy, let's grab some Pips!
It seems GBPUSD trying to again go UP?
Classic bear trap, fresh euro shorts gonna be toast.
"Where you want to be is always in control, never wishing, always trading.
it is manipulation . market will go up again . I hate CB's by the way not saying because I am long Euro
Talk it up yesterday talk it down today- assholes! Draghi the MM!
Only a complete idiot would trade based upon an anonymous Tweet. There is a lesson in this.
Haha, no. It will go UP again unless Draghi's speech at 9:30AM EST completely changes tone. As much as I hate to say it, this is "fake news"... haha. Nothing has changed.

They just ran some LONG stops there and generated some more business. I think it is back up. Might then be some bumps in about an hour at 9:30 EST depending on his new speech.
Well, ECB saw 'damage' done by yesterday's Draghi speech and entered into damage control mode. Seriously, if indeed Draghi didn't mean or expect his words would have such an impact he's not really a maverick I've always thought him to be but a stupid fuck!
Now tell me guys - how on earth it is possible for the best tradig organisations and market analysts to misjudge Draghi's comments all together???

This is my question.
Thank you
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Not the first time from Draghi , and by the way as i said yesterday it was clear that something like this would happen , and yes it happened today and the euro will fall to it's direction against all pairs not just the USD , they can't tolerate a high Eur value and it's not Draghi's Strategy since the beginning .
they should go to jail .
is there any validity of the news??
All the way to 1.12 again... hahahaha
Hey buddy, let's grab some Pips!
Draghi is a big player than any trading house..
Quoting WhiteMouseFX
All the way to 1.12 again... hahahaha
Deeper than 1.12
Quoting NotAtrader
Now tell me guys - how on earth it is possible for the best tradig organisations and market analysts to misjudge Draghi's comments all together??? This is my question. Thank you
My point exactly.

Draghi was well aware what he was taking about. They were treading waters to see the reaction. What they saw scared them and thus the 'corrective' comments. You can always say it was not what we meant, althought of course it was exactly what they meant.
Quoting zerotmoal
{quote} Deeper than 1.12
Agreed. 1.11xx
Hey buddy, let's grab some Pips!
long dollar yesterday .......hehehehehe !!!!

bitch !!!
they have to take it down slowly or it might look like the market is rigged by a select few only ???
It is crazy. Why him dont say clearly?
Quantitative trading - Trending market update every day.
I knew it! I stayed in sells and whaiting correction before Draghi.
Fuck the job, fuck the boss, i will go to Goa!
Quoting Hurst
{quote} Completely correct, but so many reasons to wonder about the continuation of the sell off.
Although got benefited of it coz its totally unfair to manipulate market like this. Went long on EURJPY down spike , some quick pips and I am out. My NZDUSD long from yesterday low 0.72450 got 35 pips boost .
Forex; the game of movements not the game of candles.
ECB and its policymakers are con artists
It's nothing new
You cannot learn better without losing
Quoting effix02
Well, ECB saw 'damage' done by yesterday's Draghi speech and entered into damage control mode. Seriously, if indeed Draghi didn't mean or expect his words would have such an impact he's not really a maverick I've always thought him to be but a stupid fuck!
Alternatively the Market is a stupid Fkuc?
Many players with good track records in reading these things were caught offside by the momentum of the market reaction... and the timing of the move.
I know we lost money on surge, but recovered some in pullback.
All part of the game.
Quoting cliffedwards
{quote} Alternatively the Market is a stupid Fkuc? Many players with good track records in reading these things were caught offside by the momentum of the market reaction... and the timing of the move.
Yeap, personally I don't have a doubt about the Market being stupid f... on euro I'm just still in doubt on Draghi -)
So when they tell you things are "rosy" with Euro, you'd better think a million times about where to find the "real rose".
When it becomes serious, you have to lie.
Jean-Claude Juncker - http://www.azquotes.com/author/42008-Jean_Claude_Juncker
This is a reaction by these algo computers. They scan tweets, etc.......the top of consolidation is 1.15, as seen over the last three years.
Interesting - the 2yr Bund yield has been off all day in spite of the 10 holding its ground earlier
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 91 KB


This was always going to be a tough level to crack
Quoting effix02
{quote} My point exactly. Draghi was well aware what he was taking about. They were treading waters to see the reaction. What they saw scared them and thus the 'corrective' comments. You can always say it was not what we meant, althought of course it was exactly what they meant.

Yeah. Hence my message to the bulls:

Wear your parachutes, please and preapare for a deeeeep skydive.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Casino.........put money up or down?.......lol
Okay guys. Conclude this conversation. Who vote for sell, raised up ur hands.
BTW, EUR will go back to 1.30 sooner or later...
Quoting Idoscon
BTW, EUR will go back to 1.30 sooner or later...
Kidding!!!!
A lot of people appear to think that reading and interpreting CB statements and officials policy comments is a simple matter. Of their nature they are tentative and coded... rarely simple and always subject to cross market, political, sentiment and contextual interpretation. Theres little merit in getting excited and muck slinging about manipulation and conspiracy theories, when we get our bet wrong. I lost money, but Im content that my interpretation analysis was right as ECB has now clarified. Unfortunately much trading is now tech/algo driven.. and when Momo gains traction even through market misinterpretation the overshoot can be damaging to even the most astute Fundamental traders?
Just MHO.
Quoting cliffedwards
A lot of people appear to think that reading and interpreting CB statements and officials policy comments is a simple matter. Of their nature they are tentative and coded... rarely simple and always subject to cross market, political, sentiment and contextual interpretation. Theres little merit in getting excited and muck slinging about manipulation and conspiracy theories, when we get our bet wrong. I lost money, but Im content that my interpretation analysis was right as ECB has now clarified. Unfortunately much trading is now tech/algo driven.....
D'ya think Weidmann was on the phone last night complaining that his borrowing costs just went up suggesting they do something about it?
Quoting Hurst
{image} This was always going to be a tough level to crack
Dont do Dax, but great chart illustrating power of inflection points...
PLay back the stream,,, We all over reacted yesterday with Draghi,, the whole wide world mis interperated what he said,, Apparently
Find your passion and work hard
Quoting nbfx
{quote} D'ya think Weidmann was on the phone last night complaining that his borrowing costs just went up suggesting they do something about it?
I think Draghi is very familiar with Weimanns views. And the national interests he represents.
This isnt a sit-com... and seeing it through that lens, is distracting.
Forex has become a Casino. I spent many years in it gaining and losing money and at one point I was up 500k USD and then lost all again. gained another 200k and another 250k then lost them again and again. This is why I switched to Stock Market and longterm investing. Keep in mind forex is a 24 hours market and it is based on all central banks and many countries and that is very hard to follow extremely hard. To me if you want to make money dont even waste your time in forex. at the end you will all lose money to the Casino = Forex Market.
Stock market has also its volatility but come on its more real and more legitimate compared to this shit. Keep in mind many pensions, funds and big time money is in stock market so to manipulate that is very hard in my humble opinion compared to forex. In forex they can take you out in a matter of seconds and no body gives a shit. Please take your money out and dont even think about it. Since I started trading stocks I am now up by 500k for the past 10 years and it keeps growing, dividends and all. At least if it goes down I will not sell it I keep it until goes up again look at stock market history 2000, 2007 and before 2000 everytime went down came up again more than ever that speaks for itself. so dont lose your time in forex unless you want to play with small money less than 1000$ more than that you are an idoit stay safe guys. This is a game dont go into this game. Cheers
Quoting cliffedwards
{quote} I think Draghi is very familiar with Weimanns views. And the national interests he represents. This isnt a sit-com... and seeing it through that lens, is distracting.
You are right this isn't a sit-com - but c'mon - ya gotta see the funny side of this

Draghi gets his megaphone out and Weidmann probably has a fit!

The most interesting aspect in all of this (for me at least) is that the short-term yields were to some reasonable extent fronting the movement that happened in the 10yr. I think everyone was caught out by how violent the moves have been tho.
Quoting Spec_And
Classic bear trap, fresh euro shorts gonna be toast.
Bears destroyed again.
"Where you want to be is always in control, never wishing, always trading.
Quoting Salmas
Forex has become a Casino. I spent many years in it gaining and losing money and at one point I was up 500k USD and then lost all again. gained another 200k and another 250k then lost them again and again. This is why I switched to Stock Market and longterm investing. Keep in mind forex is a 24 hours market and it is based on all central banks and many countries and that is very hard to follow extremely hard. To me if you want to make money dont even waste your time in forex. at the end you will all lose money to the Casino = Forex Market. Stock...
I believe you are 100% right.. long term. Though with some exceptions. one or two I know personally.. and some HFS systems. 101 background here.
( https://www.dukascopy.com/fxcomm/fx-...90&language=en )
Interestingly from his writings Alan Greenspan, always held that view.
Big Banks like Citi, DB, etc make big money from Fx, but from their customers and orderflow, rather than their smart trading. IMHO.
Quoting cliffedwards
{quote} I believe you are 100% right.. long term. Though with some exceptions. one or two I know personally.. and some HFS systems. 101 background here. ( https://www.dukascopy.com/fxcomm/fx-...90&language=en ) Interestingly from his writings Alan Greenspan, always held that view. Big Banks like Citi, DB, etc make big money from Fx, but from their customers and orderflow, rather than their smart trading. IMHO.
You are absolutely right on the fact there might be 1 or 2 left and right people who are making money on the long run but it is very very small so dont try to be that. They mostly use HFS and HFT with as low as 1 or 2 pips profits on huge orders.
Why is the eur not tanking???? are we waiting until the forum is over?? this is srsly getting ridicules.
BTW this is my first post... hi everyone.
nevertheless euro is in growth.
Dear bulls, better take profit now. It looks like a reversal signal in EURUSD. Also, the full FIB structure was fulfilled, and my analysis says It's going to around 1.1250, pullback (up) 65-70 pips and goes down again to 1.11xx. Basically where it was before. Not as fast as it went up. All EUR pairs will be affected.
Hey buddy, let's grab some Pips!
man to be able to move the market with just a few words, that is what I call power. I wish I was one of Draghis buddies.... isnt unfair just how privileged some people.
Hey, remember this Bloomberg News that Forex Factory picked up?

"Euro Bulls Emboldened as Currency Clears Multi Month Roadblocks
From bloomberg.com

The euro is extending a rally that was little heralded at the beginning the year and now has analysts pondering what it will take to slow the best performing major currency this quarter. "
Quoting WhiteMouseFX
Some naïve gullible traders still believe the markets aren't rigged. OMG! Which one will be the next to induce volatility? GBP, AUD, NZD...?
Hahaha.... GBP volatility induction done.
JPY is very quiet.. hmmmm, maybe up soon.
AUD up (sth is about to happen)
NZD bearish
CHF bearish consolidation. Reverse started.
CAD just fulfilled a full structure, touching the bottom of long term rising channel and short term falling channel. Maybe we'll see going up soon.
Hey buddy, let's grab some Pips!
Quoting Micc23
Hey, remember this Bloomberg News that Forex Factory picked up? "Euro Bulls Emboldened as Currency Clears Multi Month Roadblocks From bloomberg.com The euro is extending a rally that was little heralded at the beginning the year and now has analysts pondering what it will take to slow the best performing major currency this quarter. "
Hahaha... I thought I had been the only one to notice that. Bloomberg also said EUR is in a 9 months rally high, what it's not true.
Hey buddy, let's grab some Pips!
people call china currency manipulators, but at least they do it with cash, not like this pig of draghi, I promise you they will never hike the rates in the next 10 years or so! they doing this chicken sh*** game to avoid parity with the dollar, since we are the only one hiking rates and data backing that up. lossing the uk, greece threatened to leave if they don't get away with murder on the debt and half of the other countries broke with unemployment in double digits. give me a break. i hoped the dollar bulls use the profit they still have and double their positions, I know i did!!
Quoting Namli
it is manipulation . market will go up again . I hate CB's by the way not saying because I am long Euro
manipulation???? the big dogs entered, that is the truth..follow the big dogs
I swear none of this is adding up. The only way any of this is going to make any sense is if institutional traders are putting in massive shorts for cheap. Outside of that.... I really don't get it... Zero value in the Eurozone; could even get worse with all possible issues on the horizon.
Quoting daklarcometh
I swear none of this is adding up. The only way any of this is going to make any sense is if institutional traders are putting in massive shorts for cheap. Outside of that.... I really don't get it... Zero value in the Eurozone; could even get worse with all possible issues on the horizon.
Market doesn't care about what's going to happen, it's always about what the sentiment is now.
Market Shit , now we are return to Forex war between counters and between the decision maker in the same country internally and this "In my humble opinion " come from the following points :
1- Trump Economy Methodology , till now no one have a clear vision for this way but overall the Trump method direction to share the right hand with Europe and hit the Europe head on by left hand , sure on long term we will see the market move to up direction specially the Euro .
2- the Brexit , till now no one can determine the side effects for this issue all Market decision makers wait the final exit proposal .
3- Trump team now look to create new agreements with new regions and counters .
Finally
short term " not more 2 months " the market move around this areas up/down .
Long term "above 2 months " we will see weak dollar journey .
With a strong Euro, Draghi might be hard to move and they might delay it further. It is hard to long Eur at the current level, a high risk move.
Next comment from ECB:

"ECB said to see market as misjudging on ECB comment on Draghi speech on stimulus"
its crazy how Central Banks these days purposely trying to tamper/manipulate the markets... which are just short-term indicators anyways. What they should be focusing on are the long-term economics. They all talk about inflation, unemployment, growth etc but I bet you after every speech they huddle around the computer and watch how the market reacts. So shameful how central banks have become.
If market Mis-understood deraghi then who is driving the market "UP" now? Or it was just a final bullish spike to hunt the bears stops.
Forex; the game of movements not the game of candles.
if nobody(like Mr. Draghi or Mrs. Yellen) doesn't say a word,market won't move up or down
don't blame the players,enjoy the game
somebody have to lose,somebody have to win
1.16 and then back to 1.12 again
have fun
sell eur now !
Early to bed, early to rise, keeps you healthy, wealthy and wise.
Ever sence this year the Feds has been saying that they would reduce there investments in financial markets, so basically that means over the course of this year I see dollar losing value. And expect a lot of ranging periods.
I agree. the macro outlook on the Dx is bearish. Trump administration is a declared dollar bear... believing that a weaker dollar means a more competitive US export economy and more jobs.
In fact the history of Republican administrations show they have almost all presided over weaker dollar policies.
Sp500 futures want to hit the 2412 points 2410 is the support.


But before going to test the 2412 may come 2463.
So you should only aver a serious bull run for 2525 points when testing the 2412 points.
Quoting cliffedwards
{quote} I think Draghi is very familiar with Weimanns views.
- I dare say he is even more acutely aware of them now????

Fair to say institutions have taken Mario's as a green light that accommodation is nearing it's end-game and yields need to be adjusted accordingly...
2388.74 points on sp500 futures is to go there tonight or Friday morning day to go back for another 3 months of cycle ups.
"misjudging Draghi speech" and still eur rocketing.
Quoting NotAtrader
{quote} Yeah. Hence my message to the bulls: Wear your parachutes, please and preapare for a deeeeep skydive.
Till the indications are seen,lets keep the fly higher.If barrier up holds,we dive otherwise keep going higher
Follow the Flow and Grow
Quoting FlowCycler
{quote} Till the indications are seen,lets keep the fly higher.If barrier up holds,we dive otherwise keep going higher
Indeed. It looks like the diving is postponed for a while, but not canceled...

Cheers
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
According to my long term technical analysis, EURUSD if fulfilling a full bullish structure right now.

Resistance at 1.1446, because last low in Jan 2017 was just below FIB level 112.80%, so the full structure is to be fulfilled just below the 11.40%.

However, because this pair is in a long term slightly falling channel since Mar/2015, maybe we'll see a fast touch on 1.15 area and retracing quickly to 1.1446 area.

It's very likely the bears finally take control from now. Let's see.

http://pepperstone.ctrader.com/c/cdSpn
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1014483_EURUSD_2017-06-30_15-17-42.jpg Size: 2 KB
Hey buddy, let's grab some Pips!
looking at repeat of swing lows of 2000/2001 on the monthly chart played out here 2016/2017,though not perfectly,so expecting a break to the upside,where 1.1480 is resistance area.But if it holds,then down we go.
Follow the Flow and Grow
Quoting FlowCycler
{quote} Till the indications are seen,lets keep the fly higher.If barrier up holds,we dive otherwise keep going higher
Keep it higher!
Follow the Flow and Grow
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  • Posted: Jun 28, 2017 8:17am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 93  /  Views: 39,313