Wednesday, May 14, 2014

German Central Bank (Bundesbank) - EURO/USD Mover !

The Bundesbank is open to supporting aggressive--and in some cases, for the ECB, unprecedented--steps including negative rates on bank deposits, long-term loans to banks at capped interest rates and purchases of packaged bank loans, a person familiar with the matter told The Wall Street Journal.
 Pressure on the Euro as the German Central Bank backs Mario Draghi's speech and we are looking forward to that 5th of June ECB meeting where important decision will be taken. This "package" is rumored to include negative rates on bank deposits, long-term loans to banks at capped interest rates and purchases of packaged bank loans.
It is pretty obvious that the ECB is willing to take unprecedented measures to reach it's targets, is it the time to see the Euro slipping to the 1.30 mark again? 


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