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Thread: Ecb account of the monetary policy meeting

  1. #81
    It seem positive comment. Should have bullish impact )

  2. #82
    The truth is there is manipulation in FX before Dealers will Find the news market had responded and if you Aren't extremely careful you hit the ROCK

  3. #83
    Authentic newdepius !! :--LRB- That is why better to brief EurGBP cause it's very little space to go up now

    I stayed away from EURUSD

  4. #84
    Mr Cœuré reviewed the latest financial market changes.
    In its monetary policy meeting on 7-8 June the Governing Council was facing a financial marketplace landscape characterised by rising stock prices and bond yields. Since that time there was a correction in comparative valuations, which appeared to have converged in a benign fashion, signalling confidence in the financial outlook across market segments.
    In euro area sovereign bond markets , quasi-risk-free government bond yields had improved measurably on Central Banking in Sintra on 26-28 June after the ECB Forum. This modification took place from yield levels. For example, before 26 June German government bond yields had been trading at around 25 basis points -- marginally below the average yield and significantly below levels seen earlier in this year.
    Despite the current motion at the end of the government bond yield curve, the curve had stayed flatter than at the summit found in March 2017, as an upwards move in short-term yields had also been listed. In early March 2017 yields were currently trading near # 820960 basis points, and had temporarily reached levels near # 8209100 basis points. This growth likely reflected receding uncertainty and the associated unwinding of flows into the government bond market.

  5. #85

  6. #86
    Taking into consideration the foregoing discussion among the members, on a proposal from the President, the Governing Council decided to maintain the rates of interest on the Eurosystem's main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and #8209;0.40% respectively. The Governing Council anticipated the ECB interest rates to stay for an elongated period of time, and beyond the horizon of their asset purchases. With regard to non-standard financial policy steps, the Governing Council confirmed that the net asset purchases, at the current monthly rate of $60 billion, have been intended to run before the end of December 2017, or outside, if necessary, and in any case until the Governing Council saw a sustained adjustment in the path of inflation consistent with its inflation goal. The net purchases would be made from maturing securities alongside reinvestments of their obligations. If financial conditions became inconsistent with advancement towards a alteration in the path of inflation, or if the prognosis became less favourable, the Governing Council stood ready to boost the programme.

  7. #87
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    ::down than up

  8. #88
    Thus, Mr Praet proposed to maintain the ECB monetary policy stance unchanged, keeping all the elements of the Governing Council's forward guidance on the expected route of the key ECB interest rates and about its monthly purchases under the asset cost programme (APP).

    What do you think? ...

  9. #89
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing fresh

  10. #90
    How is it bullish ? This was expected since yesterday YES but still Bearish

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

  11. #91
    The truth is if you are not extremely careful you hit on the ROCK and there is manipulation in FX before Dealers will get the news market had responded

  12. #92
    Authentic newdepius !! :--LRB- This is the reason better to short EurGBP cause it's very little space to go up now

    I stayed away from EURUSD for a while

  13. #93
    Mr Cœuré examined the most recent financial market developments.
    In its previous monetary policy meeting on 7-8 June the Governing Council was facing a financial market landscape characterised by increasing stock prices and bond yields. Since then there was a correction in relative valuations, which seemed to have converged at a fashion, signalling confidence in the outlook across market segments.
    Following the ECB Forum , quasi-risk-free government bond yields had increased measurably in euro area bond markets on Central Banking in Sintra on 26-28 June. This modification took place from very low yield levels. Before 26 June German government bond returns had been trading marginally below the normal yield and significantly below levels seen.
    Regardless of the upward movement in the very long end of the government bond yield curve, the curve had stayed flatter than in the peak found in March 2017, within an upwards movement in returns had also been recorded. In early March 2017 yields so were trading near # 820960 basis points, and had temporarily reached levels near # 8209100 basis points. This development probably reflected continuing the unwinding of flows and political uncertainty into the government bond market.

  14. #94

  15. #95
    Taking into account the foregoing debate among the members, on a proposal by the President, the Governing Council decided to maintain the interest rates on the Eurosystem's most important 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 time period, and well past the horizon of the asset purchases at their current levels. With regard to non-standard monetary policy measures, the Governing Council confirmed that the net asset purchases, at the current monthly pace of $60 billion, were intended to run until the end of December 2017, or beyond, if needed, and in any case prior to the Governing Council saw a continuing alteration in the path of inflation consistent with its inflation goal. The net purchases would be made alongside reinvestments of the principal payments from securities purchased under the asset purchase programme. If the outlook became favourable, or if conditions became inconsistent with further progress towards a continuing adjustment in the path of inflation, the Governing Council stood ready to increase the programme.

  16. #96
    Quote Originally Posted by Grumpyyuski ;
    Bullish or Bearish ?
    ::down than up

  17. #97
    Therefore, Mr Praet proposed to maintain the ECB monetary policy stance unchanged, keeping all the elements of the Governing Council's forward advice on the expected route of the key ECB interest rates and on its monthly purchases under the asset purchase programme (APP).

    What do you think? ...

  18. #98
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing new

  19. #99
    Is it bullish ? This was expected since yesterday YES but still Bearish

    I am seeling Eur-GBP from now and until Friday close

  20. #100
    It seem positive comment. Should have bullish impact )

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