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Thread: Ecb account of the monetary policy meeting

  1. #61
    The truth is there is serious manipulation in FX before Dealers will get the news Marketplace had responded and if you Aren't Very careful you hit the ROCK

  2. #62
    True newdepius !! :--LRB- That is why better to brief EurGBP make it has hardly any room to go up now

    I stayed away from EURUSD

  3. #63
    Mr Cœuré reviewed the latest financial market changes.
    At its previous monetary policy meeting on 7-8 June the Governing Council had been facing a financial market landscape characterised by increasing stock prices and declining bond yields. Since that time there had been a correction in comparative valuations, which appeared to have converged in a manner, signalling increased confidence in the financial outlook across market segments.
    Following the ECB Forum , quasi-risk-free government bond yields had improved in euro area sovereign bond markets on Central Banking in Sintra on 26-28 June. This adjustment took place. Before 26 June ten-year German government bond returns were trading at around 25 basis points -- significantly and marginally below the normal yield below levels observed earlier in this year.
    Moreover, regardless of the recent movement in the end of the government bond yield curve, the curve had remained flatter than in the summit observed in as an upwards movement in short term returns had also been recorded. In early March 2017 yields were currently trading near # 820960 basis points, and had temporarily reached levels close to # 8209100 basis points. This growth reflected receding instability and the unwinding of safe-haven flows into the government bond market.

  4. #64

  5. #65
    Taking into consideration the foregoing discussion among the members, on a proposal from the President, the Governing Council decided to keep the interest rates on the Eurosystem's main refinancing operations, the marginal lending facility and the deposit facility thrived at 0.00 percent, 0.25 percent and #8209;0.40% respectively. The Governing Council expected the key ECB interest rates to stay for an extended period of time, and well beyond the horizon of the net asset purchases at their present levels. With regard to non-standard fiscal policy steps, the Governing Council confirmed that the net asset purchases, at the current monthly pace of $60 billion, have been intended to run before the end of December 2017, or outside, if necessary, and in any event prior to the Governing Council saw a continuing alteration in the path of inflation consistent with its inflation goal. The purchases would be made alongside reinvestments of the principal obligations from maturing securities. If monetary conditions became inconsistent with further progress towards a alteration in the path of inflation, or if the prognosis became hierarchical, the Governing Council stood ready to boost the programme concerning duration or size.

  6. #66
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    ::down than up

  7. #67
    Quote Originally Posted by Grumpyyuski ;
    Bullish or Bearish ?
    :: Nothing fresh

  8. #68
    Therefore, Mr Praet proposed to keep the ECB monetary policy stance unchanged, maintaining all the components of the Governing Council's forward advice on the anticipated path of the key ECB interest rates and on its own yearly purchases under the asset cost programme (APP).

    What do you think? ...

  9. #69
    Quote Originally Posted by Grumpyyuski ;
    Bullish or Bearish ?
    :: Nothing fresh

  10. #70
    How is it bullish ? This was expected since yesterday YES but nevertheless Bearish

    I am seeling Eur-GBP from today and till Friday close

  11. #71
    It seem comment. Should have bullish impact )

  12. #72
    The truth is if you are not Very careful you hit on the ROCK and That There is Severe manipulation in FX before traders will Find the news market had Reacted

  13. #73
    True newdepius !! :--LRB- That is why better to short EurGBP make it's hardly any space to go up now

    I stayed away from EURUSD for Some Time

  14. #74
    Mr Cœuré examined the most recent financial market changes.
    At its previous monetary policy meeting on 7-8 June that the Governing Council had been facing a financial marketplace landscape characterised by rising stock prices and declining bond yields. Since that time there had been a correction in relative valuations, which seemed to have converged in a fashion that was benign, signalling improved confidence in the outlook across market segments.
    Following the ECB Forum , quasi-risk-free government bond yields had increased in euro area sovereign bond markets on Central Banking in Sintra on 26-28 June. This modification took place from low return levels. Before 26 June German government bond returns were trading significantly and somewhat below the yield below levels seen.
    Despite the recent upward movement in the very long end of the German government bond yield curve, the curve had stayed flatter than in the summit as an upwards movement in returns had also been recorded observed in March 2017. In March 2017 two-year yields were currently trading near # 820960 foundation points, and had temporarily reached levels close to # 8209100 basis points. This growth likely reflected receding uncertainty and the unwinding of flows into the German government bond market.

  15. #75

  16. #76
    Taking into account the foregoing debate among the members, on a proposal from the President, the Governing Council decided to maintain the interest rates on the Eurosystem's main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00 percent, 0.25 percent and #8209;0.40% respectively. The Governing Council anticipated the ECB interest rates to stay for a protracted time period, and beyond the horizon of the net asset purchases at their current levels. With regard to non-standard monetary policy measures, the Governing Council confirmed that the net asset purchases, in the current monthly pace of $60 billion, have been meant to run until the end of December 2017, or outside, if needed, and in any case until the Governing Council saw a sustained adjustment in the course of inflation consistent with its inflation goal. The purchases would be made alongside reinvestments of the obligations from maturing securities. If monetary conditions became inconsistent with further progress towards a continuing adjustment in the course of inflation, or if the outlook became less hierarchical, the Governing Council stood ready to boost the programme.

  17. #77
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    ::down than up

  18. #78
    Thus, Mr Praet suggested to keep the ECB monetary policy stance unchanged, maintaining all the components of the Governing Council's forward advice on the anticipated path of the key ECB interest rates and on its yearly purchases under the asset purchase programme (APP).

    What do you believe? ...

  19. #79
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing new

  20. #80
    Is it bullish ? This was anticipated since yesterday YES but nevertheless Bearish

    I'm seeling Eur-GBP from now and until Friday close

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