Menu
Sister Sites

  • Monetary policy decisions

    From ecb.europa.eu

    At today’s meeting the Governing Council decided on a comprehensive package of monetary policy measures: (1) Additional longer-term refinancing operations (LTROs) will be conducted, temporarily, to provide immediate liquidity support to the euro area financial system. Although the Governing Council does not see material signs of strains in money markets or liquidity shortages in the banking system, these operations will provide an effective backstop in case of need. They will be carried out through a fixed rate tender procedure with full allotment, with an interest rate that is equal to the average rate on the ... (full story)

means ECB want Euro to weakness
always love how the reaction is very strong within microseconds of release (and often well before release) of the info. No one reads that fast! So needless to say, orders are all in place well before the release and simply triggers are set to drive it very near the release time.
Lagarde almost the same like Draghi!
Quite positive for EUR, but only for short term.
a wise and non-emotional decision.
This will make things interesting. Actually net postive for USDJPY. Something is going on.
pending orders not have to read
very smart play. people were expecting a cut...they kept it still. unlike US FED. Now when they cut in 2 weeks. this will actually weaken it.
Also we need to listen press conference... wait for next 45 minutes !
Quoting Menelaus
Also we need to listen press conference... wait for next 45 minutes !

That's what I'm waiting for I'm tempted to get a buy in now at the low 1.12 handle but I'm tempted to see how the situation plays out.
ECB sticking tightly to it's mandate.
Putting pressure on Government to come across with Fiscal policy.
Those expecting big stimulus from ECB not getting it here.
This is a crutches and wheel chair supply.
Quoting Momofrmnyc
{quote} That's what I'm waiting for I'm tempted to get a buy in now at the low 1.12 handle but I'm tempted to see how the situation plays out.
Wait for the big boys move
Quoting elanjaelani
{quote} Wait for the big boys move

Hahaha I rather still have an account left with missing a potential breakout vs being on the losing side of that!
Quoting elanjaelani
{quote} Wait for the big boys move
no yet....firework is is for friday, not today
Quoting modsky
always love how the reaction is very strong within microseconds of release (and often well before release) of the info. No one reads that fast! So needless to say, orders are all in place well before the release and simply triggers are set to drive it very near the release time.
That is why I trade just my chart with pure technical analysis.
My guess, if you do it right, the chart will tell you news is coming today... I'v been there, done that!
as usual the ECB will always act slowly and before conditions worsen the lie will be scanned
There is still possibilities of the EURUSD heading towards the support but in the mean time the traders would be trying to sell at the top side and when the news conference comes then we might see another moving higher of the price again as to test the resistance levels.
this is very bad
  •  Guest
  • | IP X.XXX.70.175
Join FF
  • Story Stats
  • Related Stories