German court decision on Sept 12th

Quote from Grandluxe:

So on the 12th there is this and 13th is Fed. Slow week again?
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I am concerned the decision will have serious impact on the EUR/USD, at least in the short run.

It could be that some speculators and analysts have over-hyped the impact of this decision, but I'm envisioning a scenario where the bond buying program is not executed, the dollar strengthens substantially, and gold and equities take a massive hit which knocks them far away from their recent highs.

I would like to hear others' thoughts on the impact of the decision as well.
 
Quote from clearinghouse:
I am concerned the decision will have serious impact on the EUR/USD, at least in the short run.

It could be that some speculators and analysts have over-hyped the impact of this decision, but I'm envisioning a scenario where the bond buying program is not executed, the dollar strengthens substantially, and gold and equities take a massive hit which knocks them far away from their recent highs.

I would like to hear others' thoughts on the impact of the decision as well.
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If the verdict is negative, the impact on EURUSD will certainly be very serious indeed...
 
Quote from clearinghouse:
What time is this decision due in terms of the eastern US? I'd like to not be in the market during those hours and have no positions. Or is it just expected at some time during the day?
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So no delay on the ESM decision, which means that the headlines should hit tomorrow, 12th of Sep, at 4AM EST.

In the meantime, good luck and I leave you all with this heart-warming image:
426px-BVerfG-Tafel.JPG
 
Quote from Martinghoul:

So no delay on the ESM decision, which means that the headlines should hit tomorrow, 12th of Sep, at 4AM EST.

In the meantime, good luck and I leave you all with this heart-warming image:
426px-BVerfG-Tafel.JPG
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Well, I'm flat and own nothing. But tomorrow, trading should be interesting. I'm assuming there will be plenty of volume, which was a recent complaint of mine.
 
In the face of German opposition I just don't see any country getting a good deal even if it's approved. It's not the way they've operated for years. ECB bond buying will have a whole different strategy than the US bond buying program (much cheaper). It'll be aimed at protecting against a default. Not inflating the country like a hot-air balloon.
 
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