TSXV:AAA.P - Post by User
Post by
franky06on Aug 05, 2011 12:31pm
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Post# 18908799
Euro!
Euro!Stocks, Euro Surge On Another Central Bank Intervention Announcement: ECB Ready To Buy Italian, Spanish Bonds
on 08/05/2011 12:18 -0400
More central bank intervention headlines, and the euro and stocks, which earlier were plunging without a floor, surge:
- ECB ready to buy Italian and Spanish bonds if Berlusconi commits to bring forward specific reforms according to sources
- ECB expects Italy to fast-track welfare reform, fiscal rule for bond purchases according to sources close to talks
- EU leaders applying intensive pressure on Berlusconi to make an announcement according to sources
Said otherwse, open the QE floodgates. Globally. Central banks now control it all. Net result, a 100 pip surge in the EURUSD, and a halt to the market plunge. For at least a few more minutes...
Good luck to anyone trading this lunacy.