Idee e grafici. - Cap. 2 (11 lettori)
- Creatore Discussione Rock'n'rolluck
- Data di Inizio
WANTED
Forumer storico
ti ho fatto compagnia a 142
ma metto stop a 40 punti
alzo lo stop a 137
sotto la candela a 15
mi fido poco
Ultima modifica:
SempreControTrend
Forumer attivo
mmm, ho provato ad entrare short su violazione S1 15140, ma mi sa che è meglio se torno a fare entrate alla CDC che mi fruttano di più.
dariomilano
novellino
veramente scandaloso.. è peggio di riccucci.. li hanno quadruplicato qui hanno già quintuplicato
WANTED
Forumer storico
SempreControTrend
Forumer attivo
stoppato 220
dariomilano
novellino
In what can only be interpreted as a huge disappointment for the ECB and Draghi yielding to German demands, Bloomberg has leaked what likely will be the final plan of the ECB tomorrow, which contrary to previously rumors stating that the ECB will pursue yield caps, or even just buy bonds on an unsterilized basis, appears to be a huge dud:
ECB BOND PLAN SAID TO REFRAIN FROM SETTING PUBLIC YIELD CAPS
DRAGHI'S BOND PLAN SAID TO PLEDGE UNLIMITED, STERILIZED BUYING
ECB PLAN SAID TO FOCUS ON GOVT BONDS, MATURITIES UP TO 3 YEARS
ECB SAID TO CONSIDER SELLING BONDS IF CONDITIONS NOT MET
ECB PLAN SAID TO STRESS CONDITIONALITY OF ANY BOND PURCHASES
ECB BOND PLAN SAID TO HAVE BROAD COUNCIL SUPPORT - but not unanimous, as Germany again objects
The keyword above is highlighted: sterilized, which simply means for those who are unaware, such as all the algos taking the EURUSD higher, that the ECB's entire overhyped plan is nothing more than a continuation of the Securities Market Program, or the SMP, which has been dormant for over 25 weeks, and which was deactivated because it did not work! Because sterilized means no new money enters the system, something which for Europe is unacceptable considering Spain alone is now seeing $100 billion in outflows each month.
It also means this is merely a flow-targeting program, and one which does nothing to actually stimulate inflation with new money creation.
Bottom line: if this is indeed the final shape of the ECB "bazooka" tomorrow the market will be hugely disappointed. And yes, it will send the steepness of PIIGS bonds to records if only for a few weeks, but all short-term bond buying will achieve is selling in long-term bonds. In other words, expect to see the Spanish 2s10s in the quadruple digits the fulcrum country of the Eurozone project quielty implodes.
ECB BOND PLAN SAID TO REFRAIN FROM SETTING PUBLIC YIELD CAPS
DRAGHI'S BOND PLAN SAID TO PLEDGE UNLIMITED, STERILIZED BUYING
ECB PLAN SAID TO FOCUS ON GOVT BONDS, MATURITIES UP TO 3 YEARS
ECB SAID TO CONSIDER SELLING BONDS IF CONDITIONS NOT MET
ECB PLAN SAID TO STRESS CONDITIONALITY OF ANY BOND PURCHASES
ECB BOND PLAN SAID TO HAVE BROAD COUNCIL SUPPORT - but not unanimous, as Germany again objects
The keyword above is highlighted: sterilized, which simply means for those who are unaware, such as all the algos taking the EURUSD higher, that the ECB's entire overhyped plan is nothing more than a continuation of the Securities Market Program, or the SMP, which has been dormant for over 25 weeks, and which was deactivated because it did not work! Because sterilized means no new money enters the system, something which for Europe is unacceptable considering Spain alone is now seeing $100 billion in outflows each month.
It also means this is merely a flow-targeting program, and one which does nothing to actually stimulate inflation with new money creation.
Bottom line: if this is indeed the final shape of the ECB "bazooka" tomorrow the market will be hugely disappointed. And yes, it will send the steepness of PIIGS bonds to records if only for a few weeks, but all short-term bond buying will achieve is selling in long-term bonds. In other words, expect to see the Spanish 2s10s in the quadruple digits the fulcrum country of the Eurozone project quielty implodes.
