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Thread: Ecb account of the monetary policy meeting

  1. #101
    The truth is That There is manipulation in FX before Dealers will get the news Marketplace had responded and if you are not extremely careful you hit the ROCK

  2. #102
    Authentic newdepius !! :--LRB- That is the reason better to brief EurGBP make it's very little room to go up now

    I stayed for a while away from EURUSD

  3. #103
    Mr Cœuré examined the most recent financial market developments.
    At its monetary policy meeting on 7-8 June that the Governing Council had been facing a marketplace landscape characterised by increasing stock prices and declining bond yields. Since then there had been a correction in comparative cross-asset valuations, which appeared to have converged at a fashion that was benign, signalling confidence in the economic outlook across market segments.
    In euro area bond markets, quasi-risk-free government bond yields had improved measurably following the ECB Forum on Central Banking in Sintra on 26-28 June. This adjustment took place. Prior to 26 June German government bond yields were trading significantly and marginally below the normal yield below levels observed.
    Regardless of the motion in the end of the government bond yield curve, the curve had remained flatter than in the summit observed in as an upwards move in yields had also been recorded. In March 2017 two-year yields had briefly reached levels close to #8209100 basis points, and were trading near #820960 basis points. This growth reflected receding the unwinding of flows and political instability to the government bond market.

  4. #104

  5. #105

  6. #106
    Taking into account the foregoing discussion among the members, on a proposal by the President, the Governing Council decided to keep the interest rates on the Eurosystem's most important refinancing operations, the marginal lending facility and the deposit facility thrived at 0.00%, 0.25% and #8209;0.40% respectively. The Governing Council anticipated the ECB interest rates to stay for an extended period of time, and beyond the horizon of their asset purchases. With respect to non-standard fiscal policy measures, the Governing Council confirmed that the net asset purchases, in the present monthly pace of $60 billion, were meant to run until the end of December 2017, or outside, if needed, and in any event prior to the Governing Council saw a sustained adjustment in the path of inflation consistent with its inflation goal. The purchases could be created from securities alongside reinvestments of their obligations. If conditions became inconsistent with further advancement towards a alteration in the path of inflation, or if the outlook became favourable, the Governing Council stood ready to boost the programme in terms of duration or size.

  7. #107
    Therefore, 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 route of the key ECB interest rates and on its own monthly purchases under the asset cost programme (APP).

    What do you think? ...

  8. #108
    It seem positive comment. Should have bullish impact )

  9. #109
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing new

  10. #110
    Is it bullish ? This was anticipated since yesterday YES but nevertheless Bearish

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

  11. #111
    It seem positive comment. Should have bullish impact )

  12. #112
    The truth is if you Aren't extremely careful you hit on the ROCK and there is Severe manipulation in FX before Dealers will Find the news Marketplace had Reacted

  13. #113
    True newdepius !! :--LRB- This is why better to brief EurGBP cause it has hardly any space to go up now

    I stayed away from EURUSD

  14. #114
    Mr Cœuré reviewed the latest financial market developments.
    At its previous monetary policy meeting on 7-8 June the Governing Council had been facing a market landscape characterised by rising stock prices and bond yields. Since that time there had been a correction in comparative cross-asset valuations, which seemed to have converged at a manner that was benign, signalling increased confidence in the outlook across market segments.
    Following the ECB Forum government bond yields had improved in euro area bond markets on Central Banking in Sintra on 26-28 June. This adjustment took place from return levels. For instance, prior to 26 June ten-year German government bond returns were trading significantly and marginally below the normal yield below levels seen.
    Moreover, despite the movement in the end of the government bond yield curve, the curve had remained flatter than in the peak as an upwards move in short-term returns had been listed found in March 2017. In March 2017 two-year yields were trading near # 820960 foundation points, and had briefly reached levels near # 8209100 basis points. This growth reflected receding the unwinding of safe-haven flows and political uncertainty into the government bond market.

  15. #115

  16. #116
    Taking into consideration the foregoing discussion 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%, 0.25% 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 their 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 present monthly rate of $60 billion, were intended to run until the end of December 2017, or outside, if needed, and in any event until the Governing Council saw a continuing alteration in the course of inflation consistent with its inflation aim. The internet purchases would be made alongside reinvestments of the payments. If financial conditions became inconsistent with additional progress towards a alteration in the course of inflation, or if the outlook became less favourable, the Governing Council stood ready to increase the programme concerning size and/or duration.

  17. #117
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    ::down than up

  18. #118
    Therefore, Mr Praet suggested to maintain the ECB monetary policy stance unchanged, keeping all the elements of the Governing Council's forward advice on the anticipated route of the key ECB interest rates and on its yearly purchases under the asset purchase programme (APP).

    What do you believe? ...

  19. #119
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing new

  20. #120
    How is it bullish ? This was anticipated since yesterday YES but still Bearish

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

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