Silver as an investment

Category Archives: Draghi

The Meaninng of the Decline in the EMU’s Core CPI / by Marc Chandler / October 31, 2017 The eurozone reported a flash reading of its October CPI today, the last day of the month.  After softer Spanish and German national reports, it was not surprising that the headline eased to 1.4% from 1.5%.  ECB President Draghi has warned of some near-term softness due to energy prices. The […]

Will Dovish Draghi Plunge Gold? / ARKADIUSZ SIEROŃ / OCTOBER 31, 2017 Draghi sounded dovish at the recent ECB press conference. Will he sink the price of gold? We have already covered the last ECB monetary policy meeting on Friday. However, the event was so important that it needs a more detailed analysis. The question is why the euro declined against the U.S. […]

Draghi’s Day / by Marc Chandler / October 26, 2017 It is all about the ECB meeting today.   The market was hoping for more details last month, but Draghi pointed to today.  The broad issue is well known.  While growth has been strong, price pressures are still not, according to the ECB, on a durable path toward its […]

ECB Reportedly Considering Slashing QE In Half In January, EURUSD Shrugs

Has Mario Draghi's 'leak' weapon lost its mojo? ECB officials are considering cutting their monthly bond buying by at least half starting in January and keeping their program active for at least nine months, according to Bloomberg who cites 'officials familiar with the debate'. Reducing quantitative easing to 30 billion euros ($36 billion) a month from […]

Jackson Hole’d – Dollar Dumps To 2-Year Lows After 2 Million Ounce Gold Flush

The dollar today…   Summarizing the week's moves: Dollar dump sparks buying binge in bonds, bullion, and stocks (but sinks FANG Stocks) Early gains – once again thanks to Gary Cohn confirming he is not resigning – topped out as Yellen's speech was released. Once Europe closed, stocks went bid as usual, with some noise […]

“Today Is The Day” – One Trader Takes A ‘Dark Side’ Stab Ahead Of J-Hole / by Kevin Muir via The Macro Tourist blog / Aug 25, 2017  8:02 AM Today is the day. Both Draghi and Yellen speak later at Jackson Hole. Although expectations for market moving news have been damped down, the market might be getting a little too complacent. Over the past month or so, bond markets have been drifting higher on the […]

Swiss Franc and Yen Remain Heavy as New Distractions Replace DPRK / by Marc Chandler / August 16, 2017 The Japanese yen and Swiss franc remain heavy as the markets continue to shift away from the geopolitical risks.  A return to the macroeconomic agenda is being deterred by new drama from Washington and reports suggesting that ECB’s Draghi will not be discussing the central bank’s monetary policy course at Jackson Hole […]

It’s Not The Economy, Stupid – Trader Warns “It’s All About The Euro” / by Tyler Durden / Aug 2, 2017 1:25 PM With the dollar set for its worst year in 32 years (and if that trend continues, a considerably bigger drop from here), the euro is at its strongest since January 2015 – to Draghi’s dismay – as no matter what the ‘economies’ either side of the Atlantic […]

Doug Noland: New Age Mandate / by Doug Noland / July 22, 2017 This is a syndicated repost courtesy of Credit Bubble Bulletin . To view original, click here. Reposted with permission. A journalist’s question during Mario Draghi’s ECB post-meeting press conference: “…There was a sharp reaction from financial markets to your Sintra speech. You must have looked at the Fed experience of 2013. Is […]

Trump, Quarles and Gold / ARKADIUSZ SIEROŃ / JULY 20, 2017 Last week, Trump nominated Quarles to the Federal Reserve board. What does it mean for the gold market? The Bank of Japan kept policy unchanged yesterday, so markets were little moved. Investors await now the ECB meeting – the euro appreciated against the U.S. dollar amid the monetary policy […]