Menu

  • Monetary policy decisions

    From ecb.europa.eu

    At today’s meeting, which was held in Riga, the Governing Council of the ECB undertook a careful review of the progress towards a sustained adjustment in the path of inflation, also taking into account the latest Eurosystem staff macroeconomic projections, measures of price and wage pressures, and uncertainties surrounding the inflation outlook. Based on this review the Governing Council made the following decisions: First, as regards non-standard monetary policy measures, the Governing Council will continue to make net purchases under the asset purchase programme (APP) at the current monthly pace of €30 billion ... (full story)

Added at 7:48am

  • ECB says it will reduce its massive bond-buying program from September, dependent on data

    From cnbc.com

    The European Central Bank (ECB) kept interest rates unchanged Thursday, but traders will closely monitor upcoming remarks from President Mario Draghi for hints on the potential end of the bank's massive stimulus program. Market participants have described this month's meeting as being "live," following remarks by the central bank's chief economist that the ECB would start preparing to end its stimulus. ECB's Peter Praet said last week the bank would be discussing how to unwind its asset purchase program — which was implemented in 2015 to revamp the euro economy in the wake of the 2011 sovereign debt crisis. ... (full story)

  • #1
  • Quote
  • Jun 14, 2018 7:52am Jun 14, 2018 7:52am
How come this is not listed as news item on the FF calendar?
  • #2
  • Quote
  • Jun 14, 2018 7:52am Jun 14, 2018 7:52am
Also, is there a news site better than FF, that means we do not miss any news ?

Thank you
  • #3
  • Quote
  • Jun 14, 2018 7:53am Jun 14, 2018 7:53am
EURUSD will going to parity
Follow price direction
  • #4
  • Quote
  • Jun 14, 2018 7:56am Jun 14, 2018 7:56am
Quoting Rafaz1
How come this is not listed as news item on the FF calendar?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at 2018-06-14 12-53-20.png Size: 9 KB


Where are you looking?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #5
  • Quote
  • Jun 14, 2018 7:57am Jun 14, 2018 7:57am
Draghi Press conference is gonna be a complete waste of time
  • #6
  • Quote
  • Jun 14, 2018 8:05am Jun 14, 2018 8:05am
180 pips and falling EURNZD, nice... Draghi just bought me a new Porsche.
  • #7
  • Quote
  • Jun 14, 2018 8:06am Jun 14, 2018 8:06am
Oh god my sl was hit and moves 16 pips from my SL and then came down and my EUR/JPY would be 120 pips in profit, oh dear god
  • #8
  • Quote
  • Jun 14, 2018 8:09am Jun 14, 2018 8:09am
As expected, what a perfect downside move! Bye2 EU and EJ
  • #9
  • Quote
  • Jun 14, 2018 8:09am Jun 14, 2018 8:09am
They are a bunch of mother fuckers, that's what they are.
  • #10
  • Quote
  • Jun 14, 2018 8:13am Jun 14, 2018 8:13am
I'm out. I don't know if this EUR downtrend will continue. ECB is basically saying QE will end by December 2018 but no interest rate hikes in the near future vs 4 x 0,25 % of FED... That should be long term bullish for USD, but who knows how markets will react after dust settles:

"The Governing Council anticipates that, after September 2018, subject to incoming data confirming the Governing Council’s medium-term inflation outlook, the monthly pace of the net asset purchases will be reduced to €15 billion until the end of December 2018 and that net purchases will then end."
  • #11
  • Quote
  • Jun 14, 2018 8:22am Jun 14, 2018 8:22am
Quoting Tom81
180 pips and falling EURNZD, nice... Draghi just bought me a new Porsche.
congrate bro
  • #12
  • Quote
  • Jun 14, 2018 8:24am Jun 14, 2018 8:24am
When you get Bloomberg's EUR hawkish headline: "ECB to End Bond Buying in December in Watershed for Stimulus", without mentioning interest rate (non) hikes, you should be worried how markets will react in short term.
  • #13
  • Quote
  • Jun 14, 2018 8:28am Jun 14, 2018 8:28am
Quoting fahad516
draghi press conference is gonna be a complete waste of time
they always are!
...because you never know - until you do!
  • #14
  • Quote
  • Jun 14, 2018 8:29am Jun 14, 2018 8:29am
Quoting Tecnocrat
They are a bunch of mother fuckers, that's what they are.
WTH? If you didn't see this coming and didn't make muco bucks in's time to switch to another line of work!

HINT, HINT....Sell Cable and Euro 1.33 and 1.165 by EOD
...because you never know - until you do!
  • #15
  • Quote
  • Jun 14, 2018 8:30am Jun 14, 2018 8:30am
So euro confidence not as hoped and still they need to pront money furiously to prop up their banks who hold crazy amounts of debt.

Couple that with further US tariffs to come and multiple political crisis the longer term outlook ain't looking good.
  • #16
  • Quote
  • Jun 14, 2018 8:32am Jun 14, 2018 8:32am
Quoting Tom81
When you get Bloomberg's EUR hawkish headline: "ECB to End Bond Buying in December in Watershed for Stimulus", without mentioning interest rate (non) hikes, you should be worried how markets will react in short term.
1. Congrats on the big win this am....I'm with you but only a Fiat....
2. Many people saw this yesterday - heck we called this in yesterdays posts - the charts tell all.

Even Prof got it right, just too early!
...because you never know - until you do!
  • #17
  • Quote
  • Jun 14, 2018 8:44am Jun 14, 2018 8:44am
Quoting fxsport
{quote} 1. Congrats on the big win this am....I'm with you but only a Fiat.... 2. Many people saw this yesterday - heck we called this in yesterdays posts - the charts tell all. Even Prof got it right, just too early!
hahahahahah @ even prof got it right
will be interesting how technical levels hold now
4&1 All Time Profit: $37,496
  • #18
  • Quote
  • Jun 14, 2018 8:48am Jun 14, 2018 8:48am
1.117 is holding for now... I thought reaction to 0 vs 4 rate hikes would be stronger. Well, it might still be. QE stops and Gold is flying up, go figure.
  • #19
  • Quote
  • Jun 14, 2018 9:04am Jun 14, 2018 9:04am
WTF... asset purchase programme (APP) stays as constant ECB's instrument? QE without expiration date? He's doing everything to hammer EUR. Trump will not be happy
  • #20
  • Quote
  • Jun 14, 2018 9:18am Jun 14, 2018 9:18am
rip eur
  • #21
  • Quote
  • Jun 14, 2018 9:22am Jun 14, 2018 9:22am
US trade deficits prospects vs Euro area do not look great after Draghi's comments. I wonder how White house will react to it. Trade war is becoming more and more probable.
  • #22
  • Quote
  • Jun 14, 2018 9:28am Jun 14, 2018 9:28am
Quoting Tom81
US trade deficits prospects vs Euro area do not look great after Draghi's comments. I wonder how White house will react to it. Trade war is becoming more and more probable.
War has already started, i'm waiting for the escalations to come next.
  • #23
  • Quote
  • Jun 14, 2018 9:30am Jun 14, 2018 9:30am
ING cheat sheet was wrong about market reaction again. Makes you wonder, if banksters are doing it on purpose to get liquidity for their big fat shorts:
Attached Image (click to enlarge)
Click to Enlarge Name: ECB%20preview.jpg Size: 64 KB
  • #24
  • Quote
  • Jun 14, 2018 10:14am Jun 14, 2018 10:14am
  •  Trader#3444
  • | Status: Unregistered Trader
The tiny size of the retail market, together with the cynicism and sophistication of interpretation that that large private traders reserve for bank forecasts, makes reliance on forecasts of any particular Bank trading desk a matters of judgement, not dependability.
  • #25
  • Quote
  • Jun 14, 2018 10:30am Jun 14, 2018 10:30am
Quoting Guest
The tiny size of the retail market, together with the cynicism and sophistication of interpretation that that large private traders reserve for bank forecasts, makes reliance on forecasts of any particular Bank trading desk a matters of judgement, not dependability.
This sounds like a politician or Draghi....
...because you never know - until you do!
  • #26
  • Quote
  • Jun 14, 2018 10:32am Jun 14, 2018 10:32am
Quoting Tom81
1.117 is holding for now... I thought reaction to 0 vs 4 rate hikes would be stronger. Well, it might still be. QE stops and Gold is flying up, go figure.
Nope, 1.16 for end of week....Next week 1.1550 as it will consolidate.

Should rebound back to 1.17 as resistance but downtrend resumes
...because you never know - until you do!
  • #27
  • Quote
  • Jun 14, 2018 2:52pm Jun 14, 2018 2:52pm
Quoting fxsport
{quote} WTH? If you didn't see this coming and didn't make muco bucks in's time to switch to another line of work! HINT, HINT....Sell Cable and Euro 1.33 and 1.165 by EOD
Did you mean 1.32 and 1.1550?
  • #28
  • Quote
  • Jun 14, 2018 3:06pm Jun 14, 2018 3:06pm
Quoting Dr.Zain
{quote} Did you mean 1.32 and 1.1550?
Nope, I was expecting more of a "bounce" I got out too soon. Oh well
...because you never know - until you do!
  • #29
  • Quote
  • Jun 14, 2018 5:52pm Jun 14, 2018 5:52pm
Quoting hesron
EURUSD will going to parity
You are looking the chart upside down
  • #30
  • Quote
  • Jun 14, 2018 11:26pm Jun 14, 2018 11:26pm
Just start.. let see E/U 1.1500 could break this week?
  • New Comment
  •  Trader#CDAE
  • | Status: Unregistered Trader
Create Account
  • Story Stats