Intraday Market Thoughts

Draghi's Bazooka Fails to Impress, Latest Premium Trades

by Ashraf Laidi
Dec 8, 2011 20:19

ECB's Mario Draghi fired his bazooka in terms of: i) duration of funding (extending long term refinancing ops to 3 years from the current 1 year at the lower rate of 1%), ii) pool of collateral used by banks borrowing in these LTROs and iii) reserve ratio reduced to 1% from 2%. But there are 4 clear signs that the measures are failing to sustain market confidence, See the LATEST EURUSD volatility chart in our Thursday Premium Trades w/ charts on ES (S&P500 futures) and EURUSD/SPX Correlation. Direct access here: Non Subscribers can click here:


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