November 18th, 2011 15:14:45 GMT

Monti: No reason to change ECB’s role

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Government’s time frame is the 2013 elections Will detail additional measures at Nov 28 EcoFin meeting Supported idea of Euro bonds as an economist but wants to discuss with France and Germany before taking a stance as PM

November 18th, 2011 14:24:57 GMT

Monti wins confidence vote in lower house

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Ok, we’re all agreed, right? Confident? Confident. Get on with it already! EUR/USD is finding support at the old level of resistance at 1.3555 and consolidating below 1.3590.

November 18th, 2011 08:54:31 GMT

ECB buying Italian bonds (aggressively)

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Hooooooooooooooooooray!! EUR/USD back over 1.3500 in somewhat directionless trade (that’s British understatement for ya) UPDATE:  Hands up those who think they might be picking up a few Spanish bonds as well….

November 17th, 2011 20:12:45 GMT

Monti wins confidence motion

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New government fiscal program gets a shot in the arm from the Senate Lower House votes tomorrow Widely expected, no market reaction. EUR/USD at 1.3460.

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