Draghi Says Further Stimulus in December Remains 'Open Question' | Forex Factory

  • Draghi Says Further Stimulus in December Remains 'Open Question'

    From bloomberg.com

    President Mario Draghi said that it’s still an “open question” whether adding further stimulus will be necessary at the European Central Bank’s next policy meeting in December. “If we are convinced that our medium-term inflation target is at risk, we will take the necessary actions,” he said in an interview with Italy’s Il Sole 24 Ore published on Saturday. “We will see whether a further stimulus is necessary,” Draghi said, adding that it was “too early” to pass judgment on lowering the deposit rate further below zero. At a press conference in Malta on Oct. 22, Draghi said the Governing Council ... (full story)

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Lacunoide
Oct 31, 2015 2:12pm
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Quoting Bankerssuck
So further erosion of peoples savings lol. Its funny how ignorant people can remain on such a serious issue.
Well, if you have got no job you don't care about savings :-)

You can have the best currencies in the world but with no money you don't go anyware.

The euro was at 0.80.... at his creation. So we are still inside his range

From 1999 to 2002 the euro was about 0.80 - 0.90 So the euro could be simply overvalutated....
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genierex
Nov 1, 2015 4:06am
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Quoting Bankerssuck
Thats the problem you are comparing the Euro to the USD then being happy about it. Of course the euro will look fine when you compare it to shit. Compare it to Real money like Gold and Silver.

Compare Euro against Gold for 10 years.

Euro against Gold 10 years ago was about 350 Euro for an ounce of Gold today its about 1100 Euro. So its 3 times devaluation thats despite how badly Gold has been manipulated by the central banks.

Euro and USD may always be between 1.0 and 1.4 however both of them over time devalue against real money, since...
You are trading gold silver i think.
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Lacunoide
Oct 31, 2015 1:18pm
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Quoting sERDAr
That was why we fell from 1,1350... Back to 1,1200 at least ..
1,20!
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genierex
Nov 1, 2015 3:49am
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What About greek loan? Hahah
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genierex
Nov 1, 2015 4:04am
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Who say gap up don't be wish full may gap down or nothing happens, just read it again with care what darghi said.
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hjkl185
Oct 31, 2015 7:33pm
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Any gap up may be wishful thinking for those who are holding long EUR positions. IMHO, the simple fact that Draghi has gone to the market making these comments is a pretty clear indication that he's 90% sure the ECB will ease further in December.
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kuncung
Nov 1, 2015 3:44am
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short eur start now till ecb press confference in december
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glenngie
Oct 31, 2015 5:01pm
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maybe no gap up....depends how the market sees the Greek Bank stress test results....I guess 14 billion is not a big deal anymore...
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sERDAr
Oct 31, 2015 1:02pm
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Gap up...
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sERDAr
Oct 31, 2015 1:03pm
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That was why we fell from 1,1350... Back to 1,1200 at least ..
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sERDAr
Oct 31, 2015 1:25pm
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That is shocking newsss !!!!!
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sERDAr
Nov 1, 2015 1:14am
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I expect an opening around 1.1050-1.1070 ...
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sERDAr
Nov 1, 2015 11:25am
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)
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sERDAr
Nov 1, 2015 12:40pm
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Xe.com 1.1035 ...
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MoEb
Nov 1, 2015 3:30pm
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Any gap Wil fill out in Mondays
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Bankerssuck
Nov 1, 2015 3:21am
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Quoting Lacunoide
Well, if you have got no job you don't care about savings :-)

You can have the best currencies in the world but with no money you don't go anyware.

The euro was at 0.80.... at his creation. So we are still inside his range

From 1999 to 2002 the euro was about 0.80 - 0.90 So the euro could be simply overvalutated....
Thats the problem you are comparing the Euro to the USD then being happy about it. Of course the euro will look fine when you compare it to shit. Compare it to Real money like Gold and Silver.

Compare Euro against Gold for 10 years.

Euro against Gold 10 years ago was about 350 Euro for an ounce of Gold today its about 1100 Euro. So its 3 times devaluation thats despite how badly Gold has been manipulated by the central banks.

Euro and USD may always be between 1.0 and 1.4 however both of them over time devalue against real money, since both are being printed to hell.
Reply
Bankerssuck
Oct 31, 2015 1:57pm
Permalink
So further erosion of peoples savings lol. Its funny how ignorant people can remain on such a serious issue.
Reply
orabi
Nov 1, 2015 2:54am
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Quoting sERDAr
Gap up...
Quoting sERDAr
I expect an opening around 1.1050-1.1070 ...
why gap up i think gap down not up
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Trader#8A78
Nov 1, 2015 7:51am
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why gold and silver are up...??!!
Not because they are real money!!!

The asians like them...for weddings...for new born babies...ornaments.
Asians include Chinese and Indians!
These two countries have come a long way...while some European countries are slacking off...losing their glories.

Buy gold?...the "REAL" money?? That's some 'experts' advice!...
Met some experts still stuck with the 1800 gold from 2011-12.!

Sad stories...blame it on the banks...yeah...'banks' suck!!

Factsheets from IMF on gold:
https://www.imf.org/external/np/exr/facts/gold.htm


When one trade commodity...say gold...how liquid can they be when compare to the forex market?
Rather trade with forex...period.
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Conscript
Nov 1, 2015 10:52am
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Quoting Bankerssuck
Euro against Gold 10 years ago was about 350 Euro...
And so it will be again (manipulated or not)... but it may take a wile to get there.
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Trader#5C42
Oct 31, 2015 1:40pm
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Gap up for sure
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Trader#F412
Oct 31, 2015 8:50pm
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i agree with hjkl185 ...
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