ClassicPete
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ECB said to propose QE of 50 billion euros per month through 2016. Not confirmed news though!
SuddenDeath
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this seems to apply to Dax a lot more.
P
postman
I tell you Draghi monitors this site.
8 minutes after I posted he rushes this out.
"ECB's QE Leaked: Board Proposes €50 Billion In Bond Monetization Per Month"
B@stard.
Wasn't ECB load of bull(****) supposed to be tomorrow???
Holly ****, what moves.... Perhaps it's better I was away. This spike left me at +10. I should of listen to that statement more often: it's never wrong.... ... ...
Edit: Short.
Christe: At BE.
EDIT xyt: BE hit.
Pointless. Going home.
BR
Holly ****, what moves.... Perhaps it's better I was away. This spike left me at +10. I should of listen to that statement more often: it's never wrong.... ... ...
Edit: Short.
Christe: At BE.
EDIT xyt: BE hit.
Pointless. Going home.
BR
SuddenDeath
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draghi smokes his first rock of crack cocaine, should be headline
so that is over, what about tomorrow,
P
postman
Still huge amounts of selling going on in the US.
P
postman
So thats it then.
We all know why the Dax climbed this high, now sell the news.
We all know why the Dax climbed this high, now sell the news.
P
postman
Dax 9650 coming to a screen near you soon.
itspossible
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Good move-i think the ftse is set to move higher into the close-a stronger dow should push itftse closed for +1.
Jessi_trader
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Short DAX at 10220, this is my last attempt today if I can get it right....
Well hit stop @ 240 while I was away, that's it for today... :whistling
Dentalfloss
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as we said dow coiled..ready for something
P
postman
If dax closes down thats a big fat F.U. to Draghi.
Dentalfloss
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reason for 9650 ??
Dentalfloss
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As we have reiterated very frequently over recent years, the biggest vulnerability in the post crisis environment was that central banks start to make policy errors, by taking activist and precipitous decisions. Thus following on from last year's error by Norges Bank (and noting that we would not call last week's SNB decision a mistake, despite the shockwaves that it caused), the Bank of Canada joins that policy error club.
What does not compute, in an eerie mirror image of the Norwegian central bank's rationale, is for the BoC to slash headline CPI forecasts, while keeping core CPI forecasts around 2.0% (around target), tweak GDP forecast lower to 2.1% this year but upping the GDP forecast for 2016, and taking policy action. It signals a spectacular loss of nerve that central bankers should always try and eschew, above all when you have a country like Canada with the worst household debt levels in the developed world, and an overheated housing market. As noted in our preview, the as expected cut in 2015 GDP forecast looks optimistic, when one considers that the energy sector accounts for 25% of business investment in GDP terms, and one might suggest that the GDP forecast should be closer to 1.0%, on the basis that there is likely to be a much broader fall-out from the energy sector "stall" (housing, transport, employment to name but a few). As the evidence on this accumulates through the year, there appears to be considerable risk that the BoC's forecasts look foolish - primarily in GDP terms, but quite possibly in CPI terms too, if the CAD starts a slide to USD 1.30 and the BoC's disinflation problem evaporates. At which point memories of the very undistinguished period of Gordon Thiessen's stewardship of the BoC may come back to haunt it.
But in broader terms, this is symptomatic of the whole mirage of stability that developed world central banks have sort to foster in the post crisis era starting to unravel in a rather disorderly fashion... the ECB's task tomorrow looks ever more unenviable!
from Marc Ostwald
What does not compute, in an eerie mirror image of the Norwegian central bank's rationale, is for the BoC to slash headline CPI forecasts, while keeping core CPI forecasts around 2.0% (around target), tweak GDP forecast lower to 2.1% this year but upping the GDP forecast for 2016, and taking policy action. It signals a spectacular loss of nerve that central bankers should always try and eschew, above all when you have a country like Canada with the worst household debt levels in the developed world, and an overheated housing market. As noted in our preview, the as expected cut in 2015 GDP forecast looks optimistic, when one considers that the energy sector accounts for 25% of business investment in GDP terms, and one might suggest that the GDP forecast should be closer to 1.0%, on the basis that there is likely to be a much broader fall-out from the energy sector "stall" (housing, transport, employment to name but a few). As the evidence on this accumulates through the year, there appears to be considerable risk that the BoC's forecasts look foolish - primarily in GDP terms, but quite possibly in CPI terms too, if the CAD starts a slide to USD 1.30 and the BoC's disinflation problem evaporates. At which point memories of the very undistinguished period of Gordon Thiessen's stewardship of the BoC may come back to haunt it.
But in broader terms, this is symptomatic of the whole mirage of stability that developed world central banks have sort to foster in the post crisis era starting to unravel in a rather disorderly fashion... the ECB's task tomorrow looks ever more unenviable!
from Marc Ostwald
SuddenDeath
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ftse 6702
dow pushed down and bounced back two days in a row
dax gonna break 10,300
dow pushed down and bounced back two days in a row
dax gonna break 10,300
Last edited:
SuddenDeath
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