ECB Monetary policy decisions

ECB Monetary policy decisions

From europa.eu

At today’s meeting the Governing Council of the ECB decided that the interest rate on the deposit facility will be decreased by 10 basis points to -0.30%, with effect from 9 December 2015. The interest rate on the main refinancing operations and the interest rate on the marginal lending facility will remain unchanged at 0.05% and 0.30% respectively. Further monetary policy measures will be communicated by the President of the ECB at a press conference starting at 14:30 CET today.

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Dec 3, 2015 8:10am

Quoting sundown858

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Some analysts were anticipating more than at 0.1% reduction.
http://www.bloomberg.com/news/articl...us-0-3-percent

This is resulting in short term relief buying. Long term the pressure will continue on euro as Fed is looking to raise rates while ECB is still in cutting mode.

Ignored

Short is on, 15 pips locked-in, let's see how far back it will go....

Plus, I have to go out

Exodus

Dec 3, 2015 8:21am

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Quoting sundown858

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What did you get in at Exodus? Likely around the 1.0850 area?

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Close enough. I have a big red line on my chart and got in just above that @ ...840

genierex

Dec 3, 2015 7:58am

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QE done deal before 2017 100% sure, it is done deal today also but it didn't occur because if it is, it hurt Eur more than your thinking..

fxx360

Dec 3, 2015 8:20am

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Did your pants got whipsawed ??

antcheah

Dec 3, 2015 10:27am

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I am pretty comfortable for it to go up further and retrace. I dont see any chance of a rate change for USD hence it shouldnt strengthen any more than it already is.. #enjoying the kill

bez21

Dec 3, 2015 8:55pm

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great signal.......

sell EU

sundown858

Dec 3, 2015 7:05am

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Some analysts were anticipating more than at 0.1% reduction.
http://www.bloomberg.com/news/articles/2015-12-03/euro-rises-after-ecb-cuts-deposit-rate-to-minus-0-3-percent

This is resulting in short term relief buying. Long term the pressure will continue on euro as Fed is looking to raise rates while ECB is still in cutting mode.

Bull n Bear

Dec 3, 2015 7:07am

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Quoting sundown858

Disliked

Some analysts were anticipating more than at 0.1% reduction.
http://www.bloomberg.com/news/articl...us-0-3-percent

This is resulting in short term relief buying. Long term the pressure will continue on euro as Fed is looking to raise rates while ECB is still in cutting mode.

Ignored

Agreed!

cliffedwards

Dec 3, 2015 8:15am

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Quoting Guest

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small boy account get burn by santa mario hahahah,,,,,,,!

Ignored

Can administrators please explain how a Non-Member comment clearly in breach of FF rules regarding respect for other traders came to be approved for publication on this thread?

Full disclosure- I was NOT short E$. And had no personal interest in this trade.

MaXZaR

Dec 3, 2015 10:05am

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Quoting Guest

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This happens all the time. EUR/USD will go back down tomorrow. I was on the losing end, I just hedged, close it EOD and short again.

Ignored

I'm on the opposite side of todays ridiculous movement. Really do wish it drops tomorrow instead of going further up.

GANESH

Dec 3, 2015 8:08am

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Thank You ECB , I recovered all my losses today .

ISM coming up look out for USD/JPY Opportunity .

sundown858

Dec 3, 2015 6:50am

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Surprised eurusd is holding up so well. Any reduction in rate should be pressureing euro. Let's give it a few minutes.

drholland7

Dec 3, 2015 6:51am

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the euro is finished as a currency,only a matter of time before this failed expt is abandoned

kangiwa

Dec 3, 2015 6:51am

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Watch out pair oversold!

aman4forex

Dec 3, 2015 6:52am

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Ya, it would be sold more today or tommorrow watch out

Dec 3, 2015 6:53am

no more selling

Dec 3, 2015 7:02am

buy buy and buy

Dec 3, 2015 7:09am

HO...HO...HO.... santa MARIO burn small boy account!!!!

Dec 3, 2015 7:27am

350+ on EURNZD

Dec 3, 2015 8:07am

Don't Fight with the market anytime.

sundown858

Dec 3, 2015 8:19am

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Quoting Exodus

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Short is on, 15 pips locked-in, let's see how far back it will go....

Plus, I have to go out

Ignored

What did you get in at Exodus? Likely around the 1.0850 area?

manahil

Dec 3, 2015 8:24am

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tomorrow euro high should be 1.1060

NikolasII

Dec 3, 2015 8:59am

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..so let me guess,today +300 pip move in the matter of two hours.
Tomorrow - 200pip down on NFP ,or vice versa.

Jo1302

Dec 3, 2015 9:16am

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Quoting NikolasII

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..so let me guess,today +300 pip move in the matter of two hours.
Tomorrow - 200pip down on NFP ,or vice versa.

Ignored

It's looks like it for NFP just be ready.

kangiwa

Dec 3, 2015 10:43am

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Draghi disappointed investors, they were expecting additional stimulus!

Trader#952B

Dec 3, 2015 11:19am

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euro is oversold usd is over bought, euro been gettin some good numbers of late, i can see quite a big move back up as ths move has been anticipated for some time, market has already price in move noone was execting any move lower today unless theere was a suprise. as for ft, bloomberg done the same the other day with oil, iran and opec have agreed to drop oil production, then literially 2 secs later oh wait saudi arabi havent agreed, fookin jokers!