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by Ashraf Laidi
Posted: Jul 31, 2012 15:49
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This thread was started in response to the Media:

أشرف العايدي على قناة العربية -- 31 يوليو 2012

2 days before the ECB meeting, ECB pres Draghi is expected to meet with Bundesbank president Weidmann. Will it be to discuss the possibility of restarting the securities markets programme to buy Spanish and Italian bonds, a program widely opposed by the Germans. Draghi's. While Wednesday's FOMC decision is expected to produce no call for action from the Fed regarding QE3, the ECB may reiterate its readiness to restart the SMP, but no as soon as this week. Spanish and Italian 10 year govt yields are 10-15% off their highs, while G10 equities are only 3-5% below their 2012 highs. For tradable ideas on EURUSD, AUDUSD, GBPUSD, gold and silver, see Monday's Premium Insights here: http://ashraflaidi.com/products/sub01/access/?a=670 Non subscribers can join here: http://ashraflaidi.com/products/sub01/