He did it again

来源: 2016-03-10 09:17:20 [] [旧帖] [给我悄悄话] 本文已被阅读: 次 (1334 bytes)
本文内容已被 [ oak201601 ] 在 2016-03-10 10:11:41 编辑过。如有问题,请报告版主或论坛管理删除.

On Dec 3,2015, ECB president Mario Draghi delivered a quantitative easing (QE) plan that was way less than what the markets had expected, the euro first dipped 80 pips then rocket soared 400 pips, making it the biggest one day gain in a year.

Today, march 10, 2016, Draghi shocked the market  at 7:45am eastern time, announcing a comprehensive plan of ECB to cut all interest rates, increase QE to €80bn and  launch 4 new TLRTO's. Seemed to the market like he fired all his guns in one hit

euro plummeted 170 pip down to 1.0820 ish, and roughly 50 minutes later, in the Q and A section of the press conference , when Draghi said ecb doesn't see any need to reduce rates further, shit happened. Market reversed madly , first up to the level of 1.0970 where the plan was announced, consolidating there a little bit,  then with the help from panic short covering , taking out stops at 1.1070ish, ended up as high as 1.1140ish now, that is a 330 pip roller coaster move.

Draghi is dubbed as super mario, who would love to jawbone down euro whenever he has an opportunity. But recently  he has done a wonderful job.  Just love this guy.



Now I know who Mario Draghi is. You write well. -婉蕠- 给 婉蕠 发送悄悄话 婉蕠 的博客首页 婉蕠 的个人群组 (515 bytes) () 03/14/2016 postreply 19:15:17

谢谢 -oak201601- 给 oak201601 发送悄悄话 oak201601 的个人群组 (164 bytes) () 03/14/2016 postreply 19:30:34


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