ECB Monetary policy decisions | Forex Factory

ECB Monetary policy decisions | Forex Factory

ECB Monetary policy decisions

From ecb.int

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively. The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.

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Mar 7, 2013 7:57am

What ever he is saying I hope he continues, this is doing my long in EJ the world of good!

Quoting Squeeze

Disliked

Can I just square this as I'm a little confused. Some of you posters are thinking the value of the euro versus it's major peers is more likely to be affected by puff & air from El Presidente rather than the policy decision just published? What's more you believe that whatever platitudes Draghi utters are likely to send the euro down? Erm, as some of our younger brethren are fond of saying; "good luck with that shit..."

Ignored

You just dropped a credibility notch there. Every time Draghi speaks after an ECB meeting (well pretty much) he swings the market around. At these times you can make several pips by trading the moves - for which you need a broker who keeps the machinery running when the bedlam begins.

Personally, I missed a long into EG which cost me 50 pips because I was reading the wrong stuff..... what a prat!

Ok, we are approaching blah + 30 minutes which is typically the time when an opposing element is introduced into his speaking which can reverse or dampen the moves. Watch your chart.

Mar 10, 2013 6:21pm

Quoting Spreadbetter

Disliked

Credibility 'notch' maintained at AAA

Ignored

It went up after the speaking started - I guess Draghi was a bit more positive this time. I'm glad that I didn't predict a direction......

Mar 11, 2013 3:26am

Quoting Squeeze

Disliked

No, I don't think so. You got it wrong there, don't worry, it's just inexperience encouraging your mouth to run away with you. ;-)

Ignored

Well the puff of air shoved price by 100 pips, most people would call that significant.

Good trading to you.

Mar 7, 2013 7:09am

Can I just square this as I'm a little confused. Some of you posters are thinking the value of the euro versus it's major peers is more likely to be affected by puff & air from El Presidente rather than the policy decision just published? What's more you believe that whatever platitudes Draghi utters are likely to send the euro down? Erm, as some of our younger brethren are fond of saying; "good luck with that shit..."

Mar 7, 2013 7:50am

So the euro rises not falls having hit R1 for the third time in the session it finally pushes through...

Quoting sisno13

Disliked

You obviously don't know what you're talking about. Watch what happens during the press conference. This is far more important than the numbers published.

Ignored

Mar 7, 2013 8:07am

I swing/trend trade and also take short term bets by putting market orders and take profit limit orders into the market based on key levels. I don't trade noise, if the noise triggers some intraday orders (as it has today) all well and good.

wrt Draghi the last speech in early Feb did nothing to rally the euro. Others have, but the overall policy decisions of his committee outweigh his "euro to be saved at any cost" puff and air speeches. However, my issue is with anyone using such speeches as a long term strategy/edge. Madness to rely on it. Looking at an intraday chart/trade the conditions to go long were already met this morning. And as a swing long I'll need far more conviction.

Quoting Exodus

Disliked

What ever he is saying I hope he continues, this is doing my long in EJ the world of good!

You just dropped a credibility notch there. Every time Draghi speaks after an ECB meeting (well pretty much) he swings the market around. At these times you can make several pips by trading the moves - for which you need a broker who keeps the machinery running when the bedlam begins.

Personally, I missed a long into EG which cost me 50 pips because I was reading the wrong stuff..... what a prat!

Ok, we are approaching blah + 30 minutes which...

Ignored

Mar 7, 2013 8:20am

Precisely, if anything it's his unprompted speeches, for example announcing the creation of programmes similar to the OMT initiative that 'do the damage' and move markets, not the scheduled speeches which merely explain the rationale behind the policy decisions.

Quoting Spreadbetter

Disliked

I'd agree with squeeze in terms of direction this type of arranged speech underpinning the rationale will not affect momentum and anyone applying such methods at retail level is deluded. I suppose for retarded retail scalpers you might get a bit of random action, if that's your thing unlucky as its no way to create an edge.

Ignored

Mar 11, 2013 3:18am

No, I don't think so. You got it wrong there, don't worry, it's just inexperience encouraging your mouth to run away with you. ;-)

Quoting Exodus

Disliked

You just dropped a credibility notch there. Every time Draghi speaks after an ECB meeting (well pretty much) he swings the market around. At these times you can make several pips by trading the moves - for which you need a broker who keeps the machinery running when the bedlam begins.

.

Ignored

Mar 7, 2013 8:23am

The target is 1.3280 moreover 1.34 until the March FOMC meeting. Draghi today opened the road to the upside by saying "markets understand Italy election and inflation could be volatile because of oil and commodities.".

Mar 7, 2013 7:40am

I'm going to open an account under the name SpreadButter.
That typifies my slippery nature, and is just kewel!

edit: @ Loadedgun

Mar 11, 2013 3:15am

That is one too many "luv"s

Mar 7, 2013 11:21am — Edited

Merkel aunt told it is normal the 1.3 - 1.4 for she.

I don't think it will be 1.2 before 1.35.

ofc we can scalp 300 pip in this histeria

Mar 7, 2013 6:59am

prepare for short eur

Mar 7, 2013 12:11pm

See you all at 1.35 and 1.47 Long @ 1.3101 Risk on
Short it and I'll just average down.

Mar 7, 2013 7:00am

why short?

Mar 7, 2013 7:48am

up

Mar 7, 2013 7:04am

Quoting kuncung

Disliked

prepare for short eur

Ignored

agree....
for save please sell the eur against GBP....

Mar 7, 2013 7:07am

The currency rate does not completely relate to economy but it's a matter of banking system. EURO smoothly goes higher.

Mar 7, 2013 8:19am

I dont know what draghi talking about. But i believe that butterfly formation on EJ H4

Mar 7, 2013 7:03am

yes y short i think today eur will go up as draghi will talk soft

Mar 7, 2013 7:41am

Quoting Guest

Disliked

Wise man...someone has been paying attention to price action this week!

Ignored

Really?

Mar 7, 2013 7:15am

Quoting Squeeze

Disliked

Can I just square this as I'm a little confused. Some of you posters are thinking the value of the euro versus it's major peers is more likely to be affected by puff & air from El Presidente rather than the policy decision just published? What's more you believe that whatever platitudes Draghi utters are likely to send the euro down? Erm, as some of our younger brethren are fond of saying; "good luck with that shit..."

Ignored

You obviously don't know what you're talking about. Watch what happens during the press conference. This is far more important than the numbers published.

Mar 7, 2013 7:33am

I'd agree with squeeze in terms of direction this type of arranged speech underpinning the rationale will not affect momentum and anyone applying such methods at retail level is deluded. I suppose for retarded retail scalpers you might get a bit of random action, if that's your thing unlucky as its no way to create an edge.

Quoting sisno13

Disliked

You obviously don't know what you're talking about. Watch what happens during the press conference. This is far more important than the numbers published.

Ignored

Mar 9, 2013 10:17am

Credibility 'notch' maintained at AAA

Quoting Exodus

Disliked

What ever he is saying I hope he continues, this is doing my long in EJ the world of good!

You just dropped a credibility notch there. Every time Draghi speaks after an ECB meeting (well pretty much) he swings the market around. At these times you can make several pips by trading the moves - for which you need a broker who keeps the machinery running when the bedlam begins.

Personally, I missed a long into EG which cost me 50 pips because I was reading the wrong stuff..... what a prat!

Ok, we are approaching blah + 30 minutes which...

Ignored

Mar 7, 2013 7:05am

do not believe what people said, just believe your chart

Mar 7, 2013 7:04am

any links for to watch Dargi?

Mar 7, 2013 7:04am

because whole EU is heading into deep cr*ps. here is the simpliest answer.

Mar 7, 2013 7:32am

upppppp

Mar 7, 2013 7:42am

Long and let it roll baby roll!!

Trader#05A2

Mar 7, 2013 7:53am

It does appear the e/u ADR has been met for today and that 1.3100 level is still a major resistance area. I'll have to stand aside for now and see if we break through or get rejected again...then I'll have a better idea which way to trade tomorrow and/or next week.

Mar 7, 2013 8:14am

fundamentally.. still short euro

Trader#5416

Mar 7, 2013 8:42am

Quoting Guest

Disliked

It does appear the e/u ADR has been met for today and that 1.3100 level is still a major resistance area. I'll have to stand aside for now and see if we break through or get rejected again...then I'll have a better idea which way to trade tomorrow and/or next week.

Ignored

I thought you were following news and not technical areas.
It really was ugly today, wasn't it?
No stand aside just rinse and repeat. After all the news mover is tomorrow and there's no reason to go above 31 apart a SL hunt, right? So please cast your spell again only this time make sure it behaves and stays below as there are hard facts to sell and only a buy rumor.

Mar 10, 2013 7:31pm

Yeah, whatever luv...

Quoting Exodus

Disliked

It went up after the speaking started - I guess Draghi was a bit more positive this time. I'm glad that I didn't predict a direction......

Ignored

Trader#76DF

Mar 7, 2013 6:53am

These rates have not improved economic conditions in Europe. What a failure.

Trader#43C5

Mar 7, 2013 7:07am

http://www.ecb.int/press/tvservices/webcast/html/webcast_130307.en.html

Trader#05A2

Mar 7, 2013 7:09am

Quoting kuncung

Disliked

prepare for short eur

Ignored

Wise man...someone has been paying attention to price action this week!

Trader#6B56

Mar 7, 2013 7:12am

It matters if there is talks about cut in IR. if there is talks then sell, if there are no talks about cuts then you should look at buying

Trader#9CD5

Mar 7, 2013 9:02am

Italy will make eur go soft, long eur is just speculations

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Mar 7, 2013 6:47am
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High Impact Breaking

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EZ Main Refinancing Rate