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Thread: Ecb account of the monetary policy meeting

  1. #121
    It seem comment. Should have bullish impact )

  2. #122
    The truth is if you are not Very careful you hit on on the ROCK and there is Severe manipulation in FX before Dealers will get the news market had responded

  3. #123
    True newdepius !! :--LRB- This is the reason better to short EurGBP make it's hardly any room to go up now

    I stayed away from EURUSD for a while

  4. #124
    Mr Cœuré reviewed the most recent financial market developments.
    At its monetary policy meeting on the Governing Council had been facing a financial market landscape characterised by rising stock prices and bond yields. Since then there had been a correction in relative cross-asset valuations, which seemed to have converged in a benign fashion, signalling confidence in the financial outlook across market segments.
    Following the ECB Forum government bond yields had improved measurably in euro area bond markets on Central Banking in Sintra on 26-28 June. This adjustment took place. As an example, before 26 June German government bond yields had been trading significantly and marginally below the return below levels observed.
    Regardless of the motion in the end of the German government bond yield curve, the curve had stayed flatter than in the peak as an upwards move in short term yields had also been listed, found in March 2017. In early March 2017 yields were trading near # 820960 basis points, and had reached levels close to # 8209100 basis points. This development probably reflected receding the related unwinding of flows and instability to the German government bond market.

  5. #125

  6. #126
    Taking into account the foregoing debate among the members, on a proposal from 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 unchanged at 0.00%, 0.25% and #8209;0.40% respectively. The Governing Council anticipated the key ECB interest rates to stay at their current levels for an extended period of time, and well past the horizon of their asset purchases. 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, were intended to run until the end of December 2017, or outside, if necessary, and in any event prior to the Governing Council saw a sustained adjustment in the path of inflation consistent with its inflation aim. The purchases could be made alongside reinvestments of the principal obligations. If conditions became inconsistent with advancement towards a adjustment in the path of inflation, or if the outlook became less favourable, the Governing Council stood ready to increase the programme.

  7. #127
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    ::down than up

  8. #128
    Therefore, Mr Praet suggested to keep 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 own yearly purchases under the asset purchase programme (APP).

    What do you think? ...

  9. #129
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing fresh

  10. #130
    Is it bullish ? This was expected since yesterday YES but still Bearish

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

  11. #131
    It seem positive remark. Should have bullish impact )

  12. #132
    The truth is if you Aren't extremely careful you hit on on the ROCK and there is Severe manipulation in FX before Dealers will get the news market had Reacted

  13. #133
    Authentic newdepius !! :--LRB- This is the reason better to brief EurGBP cause it has very little room to go up now

    I stayed for a while away from EURUSD

  14. #134
    Mr Cœuré examined the most recent financial market changes.
    In its monetary policy meeting on the Governing Council had been facing a financial market landscape characterised by rising stock prices and bond yields. Since then there had been a correction in relative valuations, which seemed to have converged in a manner that was benign, signalling confidence in the 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 following the ECB Forum. This modification took place. For example, prior to 26 June ten-year German government bond returns had been trading marginally below the yield detected in 2017 far and significantly below levels seen earlier in the year.
    Regardless of the movement at the end of the government bond yield curve, the curve had remained flatter than at the summit as an upwards movement in returns had been listed, observed in March 2017. In early March 2017 two-year yields had temporarily reached levels close to #8209100 basis points, and so were trading near #820960 foundation points. This development reflected receding political instability and the unwinding of flows into the government bond market.

  15. #135
    Quote Originally Posted by Grumpyyuski ;
    Bullish or Bearish ?
    ::down than up

  16. #136

  17. #137
    Taking into consideration the foregoing debate among the members, on a proposal from the President, the Governing Council decided to maintain the rates of interest 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 expected the key ECB interest rates to stay at their present levels for an elongated period of time, and well past the horizon of the asset purchases. With respect to non-standard fiscal policy steps, the Governing Council confirmed that the net asset purchases, at the current monthly rate of $60 billion, have been meant to run before the end of December 2017, or outside, if needed, and in any event prior to the Governing Council saw a sustained adjustment in the course of inflation consistent with its inflation aim. The purchases could be created from maturing securities alongside reinvestments of the obligations. If the outlook became favourable, or if financial conditions became inconsistent with further progress towards a continuing adjustment in the course of inflation, the Governing Council stood ready to boost the programme.

  18. #138
    Quote Originally Posted by Grumpyyuski ;
    Bullish or Bearish ?
    ::down than up

  19. #139
    Quote Originally Posted by Grumpyyuski ;
    Bearish or Bullish ?
    :: Nothing fresh

  20. #140
    Thus, Mr Praet proposed to maintain the ECB monetary policy stance unchanged, maintaining all the components 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 cost programme (APP).

    What do you think? ...

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