Intraday Market Thoughts
ECB, Fed Let Euro Down
by
Aug 2, 2012 18:41
Draghi initially re-ignited expectations of imminent action when he directly hinted at re-activating bond purchases in the secondary market (mainly on the short end of the yield curve) and forecasted inflation to fall below 2%. But the market started turning around when Draghi reminded of the ECBs inability to purchase bonds in the primary market and the need for EFSF to receive unanimous eurozone approval in order to obtain the license to raise funds from the ECB. SEE HERE on why Euro remains most vulnerable to non-farm payrolls after Fed/ECB inaction http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
Latest IMTs
-
Gold or Silver?
by Ashraf Laidi | Jan 23, 2026 17:42
-
40 on the Mint Ratio
by Ashraf Laidi | Jan 23, 2026 11:27
-
Trump's Golden Hit
by Ashraf Laidi | Jan 22, 2026 10:58
-
4890 Hit, Now What?
by Ashraf Laidi | Jan 21, 2026 11:34
-
Gold 4850 No Change
by Ashraf Laidi | Jan 20, 2026 9:48





