Goldman: We Were Wrong On The Euro But Keep Selling

"We badly misread this meeting." -- Goldman's euro mistake

For those that missed it, yesterday the European Central Bank announced a modest cut in its deposit rate (10bps), to a historic low of minus 0.3%, and pledged to continue its €60bn-a-month bond buying programme for another six months until March 2017 “or beyond." The market was expecting a much more aggressive package of stimulus measures from the central bank and traders were betting heavily against the euro believing it was set . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers


Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 now just 7 subscribers whichever comes first – please do not share this discount with others

 

0