Silver as an investment

Category Archives: Draghi

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 […]

Mario Draghi Explains His Apparent Hawkish-to-Dovish Flip-Flop – ECB Press Conference Live Feed

Bund yields and the euro are lower after the ECB statement seemed to tilt dovishly – with Draghi proclaiming there’s more “whatever it takes” if we need it – painting quite a different picture from his normalization chatter a few weeks back. We are sure he will explain himself fully to avoid any and all […]

Week Ahead: Bank of Canada, US CPI, and UK Labor Update Featured / by Marc Chandler / July 9, 2017 On June 26, the 10-year generic German yield closed at 24.5 basis points. It finished last week a little over 57 basis points. The similar Italian yield has risen 45 basis points to 2.05%. The short-end of the yield curve is constrained by the negative 40 basis point […]

Eurozone Inflation Beats Expectations, Yet Euro Is Disappointed

Chart courtesy of Schuldensuehner / by Tyler Durden / Jun 30, 2017  5:46 AM After this week’s hawkish central banker whirlwind, traders and analysts were keenly looking forward to today’s Eurozone June inflation print to see if it would validate Draghi’s unexpected hawkish pivot; the data was released on Friday morning by Eurostat, and while dropping from May’s 1.4% […]