“Shortly after 6pm London time yesterday, The ECB’s Benoit Coeure told a non-public audience of hedge funds in London that ‘the central bank would moderately front-load its purchases in its quantitative easing program because of the seasonal lack of market liquidity in the summer.’ The reaction was a 50 pips drop in EURUSD… but this was inside information was not released to the trading public until around 8am London time – and resulted in a 150 pip plunge. Translation: a select private group of head funds in London were leaked ECB front-loading news 14 hours before The ECB deemed it ‘correct’ to publicly release the comments.”

http://davidstockmanscontracorner.com/the-ecb-money-printers-are-dangerous-incompetent-and-corrupt-tip-hedge-fund-in-private-meeting/

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