FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 425

[Dimka-novitsek]

Well, all right! Thank you, Margaret!!!

[[Deleted]]

Gone to meditate until the GDP...

[Dimka-novitsek]

Super!!!!!!

[margaret]

Dimka-novitsek:
Well, all right! Thank you, Margaret!!!

If, however, a serious move does not take place, then on August 2 after Draghi's speech the market will show its attitude towards the euro

[margaret]

This is not the first time I have heard that there was a verbal intervention on the euro yesterday:

VERBAL INTERVENTION A situation on the currency market when officials of the Ministry of Finance (Treasury), the Central Bank or other politicians raise (or lower) the exchange rate byverbally expressing a negative assessment of the situation. They either threaten physical intervention (actual buying or selling of the currency) or they simply point out that the currency is overvalued or undervalued. This is the cheapest and simplest form of intervention as it does not involve the use of foreign exchange reserves. However, this method is not always effective. Verbal intervention is more effective in countries where the central bank has a history of frequent and effective physical interventions

[[Deleted]]

If there is a physical intervention will the euro fall?

[Artem Buhaichuk]

Kitsan:
If there is a physical intervention will the euro fall?

It (the euro) is already being kicked all the time to keep it from rising))))

[margaret]

Kitsan:
If there is a physical intervention will the euro fall?

No, the ECB by the way is threatening to buy back Italian and Spanish bonds, which means that the eu will rise...

By the way, Greece hasn't received a bailout yet, it has three days to payback....

[[Deleted]]

margaret:

No, the ECB by the way is threatening to buy back the bonds of Italy and Spain, which means the eu will rise...

By the way, Greece hasn't received a bailout yet, it has three days to pay back....

That's encouraging)

[Александр Шевчук]

margaret:
First, at 15:00 (Kiev time) German CPI, then hr 30 min. US GDP - perhaps it will rise on bad data and then at 16:30 the US stock market opens and, assuming bad GDP, the eu will fall.

All I know is that the euro is buying for now.