Get started

Draghi

#Bitcoin if Banks go Bust (Ciao Draghi)Watch the video and original text here: News: ''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote. The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021. However, the president refused to accept his resignation.'' In the meantime EURUSD is not 1.40$ anymore, it's 1$ Protests in Holland remind us of the 'Great Reset' that WHO has announced To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example. So what happens to Bitcoin if the situation goes out of control? There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis . Also known as the 'Cypriot Haircut': No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized. They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island. This is what happened to Bitcoin then: In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst. That's my personal opinion. Let me know your thoughts. One Love, the FXPROFESSOR
Editors' picks
BITFINEX:BTCUSDLong
by FX_Professor
97
Euro unable to hold onto ECB gainsThe euro has reversed directions today and fallen below the 1.02 line. In the European session, EUR/USD is trading at 1.0188, down 0.42%. The markets were glued to the ECB meeting on Thursday, uncertain as to whether the rate lift-off would be a 25bp or 50bp hike. In the end, Lagarde & Co. went hawkish, delivering a 50bp increase. This was somewhat of a surprise, as the ECB has become more aggressive with obvious reluctance, prodded by soaring inflation which Lagarde previously dismissed as transient.  The Bank had provided prior guidance of a 25bp move at the meeting, but in the end, opted for a larger hike. With the 50bp increase, we bid goodbye to the ECB's negative rates, which have been a hallmark of its accommodative monetary policy. The Bank did not stick to its forward guidance and after the meeting, Lagarde announced that policy decisions would be made on a meeting-by-meeting basis, effectively ending forward guidance. What is fairly certain is that more hikes are on the way in the coming months, with the next meeting on September 8th. Predictably, the euro gained ground after the ECB meeting as investors were pleased with the move. However, the gains quickly dissipated. There are plenty of dark clouds hovering above the eurozone, the most important being the Nord Stream pipeline and the political crisis in Italy. Russia renewed gas supplies through Nord Stream yesterday, as scheduled, but only at around 30-40% capacity, similar levels before the pipeline closed for maintenance. There is certainly relief that gas is again flowing through Nord Stream, but it is tempered by fears that Moscow will not hesitate to play hardball with the EU and weaponise energy exports. With winter only a few months away and no end in sight to the war in Ukraine, the potential energy crisis facing Western Europe is not going anywhere. Italy, the number three economy in the eurozone, has been plunged into a political crisis as Prime Minister Draghi has resigned. An election is scheduled for the end of September, but in the meantime, Italy cannot pass the 2023 budget or access billions of euros from the EU's Covid-19 fund. The political instability will only exacerbate investors' concerns about the eurozone and is weighing on the euro. EUR/USD continues to test support at 1.0197.  The next support level is 1.0075 There is resistance at 1.0307 and 1.0429
by OANDA
Italy FTSE MIB index analysis: Draghi out, worst yet to come? Ten years after rescuing the euro with the iconic "Whatever it takes", Mario Draghi resigns as Italian Prime Minister, as the political parties that formed his majority no longer backed him. The uncertainty surrounding the upcoming general election reigns supreme, and the political crisis in Italy risks putting further downward pressure on the Italian FTSE MIB ( IT40 ) index due to widening yield spread between Italian (BTP) and German Bunds. The BTP-Bund spread, measured as yield difference between IT10Y and DE10Y is now at 2.34 percent (or 234 basis points). Historically, the FTSE MIB index has had a strong and inverse link with the yield spread between Italy and Germany. The FTSE MIB index saw increased volatility as a result of BTP-Bund spread spikes, since they reflect a gauge of credit conditions and country risk in Italy. Draghi's departure along with the announcement of early elections with populist parties on the rise, could now push the BTP-Bund spread above 300 basis points, a level that has previously raised warning bells and resulted in significant sell-off in the FTSE MIB index. Technically, the major trend remains bearish, and the 14-day RSI has been trading below the 50 level for the previous month and a half. However, the momentum indicator is not showing oversold conditions. If the BTP-Bund spread increases beyond 300 basis points, a level that has previously raised concerns in Italy, the FTSE MIB might suffer a more serious selloff in the coming weeks, possibly breaking below the 20.000 mark.
CAPITALCOM:IT40
by Capitalcom
Bitcoin - Very Important Video 🌐News: ''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote. The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021. However, the president refused to accept his resignation.'' In the meantime EURUSD is not 1.40$ anymore, it's 1$ Protests in Holland remind us of the 'Great Reset' that WHO has announced To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example. So what happens to Bitcoin if the situation goes out of control? There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis . Also known as the 'Cypriot Haircut': No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized. They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island. This is what happened to Bitcoin then: In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst. That's my personal opinion. Let me know your thoughts. One Love, the FXPROFESSOR
BITFINEX:BTCUSDLong
by FX_Professor
12
Cup & Handle Continuation Here we see a possible cup and handle continuation on grounds that the 0.5 fibonacci retracement level holds as an entry point within the ABC channel correction and the cups support. Target will be 1.0. However, if the 0.5 fibo level is pierced as a confirmed breakout we can presume a double top from the two peaks at the 1.0 level with the target being 0.00. Essentially my bias is long from the 50.0 level but until then the bear run continues. Good luck and follow me for more! P.S, this time last year around March, EURCAD had a fantastic bull run; repeat?, maybe.
Long
by UnknownUnicorn4565572
EURUSD downside target of 1.08550 ForecastAs seen on the chart we anticipate a downside move to retest the 1.08550 - 1.08650 levels. We can expect further downside move as the council still remains dovish. Furthermore, Mario Draghi says Fiscal policy has to be the main policy tool. An increase on the monetary stimulus program is also concerning. Not to forget to mention the additional easing measures are not fully priced into the market. On the other hand, analysing price action it is evident that we have bearish momentum with price rejecting at the 1.0990-1.100 level. We have a reversal pattern with a breached bullish trend-line; therefore, we can anticipate a downside move to RT our highlighted support levels.
Short
by SKACAPITAL
1
UK election results and ECB decisionConcluding a year that saw the central bank take down its benchmark rate three times, the Federal Open Market Committee on Wednesday met widely held expectations and kept the funds' rate at the same level. The Fed is completely satisfied with the current state of things. As a result, markets do not expect any changes in the monetary policy until the end of 2020. The dollar was sold out following the Fed’s decision and Powell’s comments. Our position on the dollar today is unchanged - we are looking for points for its sales. Another promising position for today is pound purchases. General election 2019 polling day today Today, December 12. Its results can change not only the political situation in the country but also affect Brexit. Moreover, its influence can be quite diverse and even opposite. Detailed analytics on this issue is given in yesterday’s review. Here, we note that, in our opinion, the balance of threats/opportunities and profits/risks is biased towards profits and opportunities. Christine Lagarde faces her first real test at ECB debut meeting. The era of Draghi is over, but what Lagarde will remember is still unclear. If she decides to express her vision and strategy, movements may well be in pairs with the euro. As for the parameters of monetary policy, today we do not expect any changes. So today it’s worthwhile to be more careful with the euro, on the one hand, be more careful, and on the other, the euro may well get out of hibernation, which will provide opportunities for earning. And finally, a few words about the oil market. IPO Saudi Aramco the initial public offering is expected to raise at least $25.6 billion, making it the largest ever with a capitalization of $ 1.88 trillion. The oil market more than calmly reacted to this news. Nevertheless, so far our position on oil remains unchanged - we will continue to search for opportunities for oil purchases on the intraday basis.
by Trade24Fx
Ready to exit range on EURJPY?Hello guys, here is a good setup on EURJPY. This pair is ranging from the 17 October when we had that big spike to the upside, around the 121.300 region. We had multiple rejections (wicks, engulfing candles) on that zone, with the last week closing really strong to the downside. So it's three weeks that we are inside this range, can we break that support (120.300) this one? As you can see we have a nice resistence inside the range around the 121.000 level, that align perfectly with 61,8% Fibo retracement from the top of the range and so from the last push. I'd like to see finally a push to the 119.640 with a break and retest of our support. Always wait for candelstick confermations. SL 121.240 TP1 120.360 TP2 119.640
Short
by GoodGameFx
EURUSD Bear going to catch and eat a Bull fish tonight..!!??We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility rather then EURUSD. Today but it's a special day for European currency as we all know there is rate decision which is yet to see. On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon. Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came. This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
Short
by jessi061
4
ORBEX:BoJo Pushes for Election, Draghi Hints to Fiscal Measures!In today's #marketinsights video recording I analyse #GBPUSD and #EURUSD #FXMajors! GBPUSD Dragged down by: - BoJo push for an early election on December 12 - Increasing likelihood of October exit failure EURUSD Under Pressure as: - ECB reiterates downside risk, stubbornly low inflation - Draghi hints to fiscal policy measures Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Draghi - Last word, Johnson's threats, EU and USA statisticsThe main event will be the announcement of the ECB decision on the monetary policy parameters in the Eurozone. Given the general tendency toward easing monetary policy in the world and the recent actions of the Central Bank of Europe, euro can be expected a pretty unpleasant surprise, In theory. But in practice, most likely everything will be ok. Mario Draghi is ending his eight-year term at the European Central Bank. Accordingly, there is simply no reason for him to present any surprises and slam the door after leaving. However, follow the ECB's comments on the quantitative easing program and the size of bond purchases by the Central Bank is needed. Given the general state of the global economy in general and the Eurozone in particular, the ECB does not have to rely on positive signals for the euro today. But they are unlikely to sell the euro. In this regard, today we recommend working with the euro with hourly oscillators, but with a mandatory eye to the decision and comments of the ECB. Also, today it is worth paying attention to data on business activity in Germany and the Eurozone. They may well create the ground for a subsequent reaction to the results of the ECB meeting. As for other countries and currencies, quite a lot of macroeconomic statistics will be published in the United States, including data on orders for durable goods, business activity indexes, as well as statistics on sales of new homes. We are still negative about the dollar, so we recommend using weak data as a reason for its sales in the foreign exchange market. The Brexit situation is again plunging into a chaos of uncertainty, but uncertainty without a global threat. This refers to an exit without a deal. On the one hand, the House of Commons of the British Parliament supported the new Brexit bill, based on an agreement reached by the government with EU representatives last week. On the other hand, Johnson does not abandon attempts to complete Brexit by October 31 and proposed that Parliament finally approve the agreement on Thursday, otherwise he promised to withdraw the agreement and call early elections. Despite Johnson’s threats, markets generally believe in a happy ending but are not completely sure what final form Brexit will take. In this regard, our recommendations to buy the pound on the rebound remain relevant today. The oil market experienced some recovery yesterday after the publication of data on oil reserves in the United States. Oil stocks unexpectedly declined (by approximately 1.7 million barrels, while markets were preparing to continue their growth by 3 million barrels). Our position in oil is still unchanged: while the asset is above 51.20 (WTI brand), we give preference to purchases on the intraday basis.
Long
by Trade24Fx
ORBEX: GBPJPY, EURGBP - BoJo Wants Election, Adios Draghi!In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors! GBPJPY Supported by: - Increasing expectations EC will grant January extension - BoJo win in case of early election - Weak safe-haven flows - Japan manufacturing to 3yr low EURGBP Under Pressure as: - Investors eye ECB and last Draghi meeting - Disappointing Business Climate (French) - Poor EA Consumer Confidence Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
EUR/USD prior the ECB Meeting definitely worth a deeper lookToday the ECB Meeting takes place. At 13:45 the Interest Rates will be announced here a cut is expected and already priced into the markets. At 14:30 it should get really interesting here Draghi will hold his last important speech at the ECB, it is expected that this speech will be very dovish kind of a farewell present from Draghi and we have seen that the markets definitely have priced in the outcome of this speech already, but could it actually be that that at this point of time too much has been priced in? We will see shortly....
Long
by JonasBenjaminFriedrich
EURUSD - Remain Flat Ahead of ECB, then Act AccordinglyThe ECB is expected to do 4 things: cut rates by 0.1% to -0.5% (1), with the mitigating measure of tiering (2). Furthermore, the market expects and extension of forward guidance (‘at present or lower…well past the horizon of net asset purchases’) (3); the market expects the reintroduction of QE for 12 months at a pace of 30-40 bln per month (4). The market is expecting a bazooka…but the Shadow ECB council suggested that Draghi will not be able to deliver the full package. Since the market is expecting a bazooka, obviously the sensitive side is the hawkish surprize. DO NOT TRADE AHEAD OF THE DECISION. Wait for the evidence and then act. We will update this chart as appropriate, after the decision.
by Sam_Eder