ECB Monetary policy decisions | Forex Factory

  • ECB Monetary policy decisions

    From europa.eu

    At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1)The interest rate on the main refinancing operations of the Eurosystem will be decreased by 5 basis points to 0.00%, starting from the operation to be settled on 16 March 2016. (2)The interest rate on the marginal lending facility will be decreased by 5 basis points to 0.25%, with effect from 16 March 2016. (3)The interest rate on the deposit facility will be decreased by 10 basis points to -0.40%, with effect from 16 March 2016. (4)The monthly purchases under the asset purchase programme will be expanded to €80 ... (full story)

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Tony112
Mar 10, 2016 6:50am
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Do you know the expression bottom of the barrel?
Do you know the expression bite before you bark? Yeah

US talking about rate hike and all smh! look at Nzd, look at EUR, they all bite before they bark.
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insomniawawa
Mar 10, 2016 8:49am
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Quoting cecakrowo
why is that euro goes up again?

It's simple, during conference Draghi said they are NOT going to lower rates more in the future. It was very positive for EURO. Moreover long term downward trend on EURUSD is rather over since 3.12.2015 (also day of EBC) and big players are accumulating long positions. Very big negative close of the day on EUR would be considered as highly pessimistic, so it was better to buy euro now for big players.
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dan2boy
Mar 10, 2016 7:01am
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Summore most of them say they are not intending on currency war, obviously this move is needed to press the EURO lower, it has to announce more than expected actions to drive the euro down, or else it will go up... meeting expectations is not good enough...
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TudorIoan
Mar 10, 2016 6:52am
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yeeee, fireworks, people!
...obviously most expected
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Tony112
Mar 10, 2016 8:02am
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Some homies got syringed on the reversal. What a nasty world.
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Tony112
Mar 10, 2016 8:20am
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People are getting syringed. Pitfall fatality. R.i.p.
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dean1star
Mar 10, 2016 7:27am
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negative rates on high streets next we get to pay them to hold our monies which is just the way they want it u know who i mean when we say THEY
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swing77
Mar 10, 2016 8:27am
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yea tht is trap the trend.....lol uero up and wont
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jegas
Mar 10, 2016 7:04am
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Draghi Drag Down the Euro, today he intiate the Trigger of Euro Fall ,it will follow on coming days ?
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Dr.Zain
Mar 10, 2016 7:06am
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Draghi and his mates are on the Short!!!!
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JakubSzalaFX
Mar 10, 2016 7:35am
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Watch out for reversal, 1.07 is max what we can get this and next week.
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JakubSzalaFX
Mar 10, 2016 8:55am
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As expected, reversal took place quickly.
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JakubSzalaFX
Mar 10, 2016 2:48pm
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Quoting ZhangJiarong
EURUSD shot up!!!!! why???
Maybe check German 10y bonds, +30%
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tomiko
Mar 10, 2016 7:14am
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Quoting tomiko
the door has been opened, every buyer shall run for their lives..
sell lot gaban, siap turu pasaaaarr wkwk
MC mission: failed. not today..
gak sido turu pasar..
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barkie
Mar 10, 2016 7:14am
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Great move from Mario, a week ago the G20 agreed to refrain from devaluing our currencies so what does Mario do ? He stuffs the Euro.
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barkie
Mar 10, 2016 11:18am
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This is what drives this may be inflation will pick up after all.

http://www.investing.com/rates-bonds/germany-2-year-bond-yield-advanced-chart
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kingakp
Mar 10, 2016 8:04am
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Quoting Tony112
Some homies got syringed on the reversal. What a nasty world.
we all nasty
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kingakp
Mar 10, 2016 8:14am
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lots of balls drop from sky
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insomniawawa
Mar 10, 2016 8:52am
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There should be good technical buying opportunity on EURUSD soon on 5MIN chart, with R:R bigger than 1:3, but patience is needed
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insomniawawa
Mar 10, 2016 9:10am
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If anybody want to see summary of conference here is a link

http://tradebeat.pl/international/draghi-press-conference-10-03-2016/

This website always make summary very fast and it's free.
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rhari139
Mar 11, 2016 1:09am
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Short EUR/USD during the first session, made 100 over pips and came out.
Luckily did not get trapped in the reversal and as I expected reversal happened to over 400++ pips.
As usual Mr.DRAGHI makes everyone surprise !!!!!
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JollyBean
Mar 10, 2016 6:57am
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It's a crazy world we're living in today.
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Fx 35
Mar 10, 2016 8:21am
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I guess many newbies blow up their accounts today!!!
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dchristi
Mar 10, 2016 11:07am
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The test of whether it was a MM maneuver to take out shorts prior to a larger move down or smart money getting long is whether price comes back to sub 1.0850.

Let's see...
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ZhangJiarong
Mar 10, 2016 2:26pm
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EURUSD shot up!!!!! why???
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xjames26
Mar 10, 2016 8:10am
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Price is back you mtf's as Nate Diaz says! :-)))
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Sanguis
Mar 10, 2016 7:16am
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Idiot EKB
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Sanguis
Mar 10, 2016 7:20am
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No, the EU helps. Only in Italy
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hendrifx83
Mar 10, 2016 6:53am
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Yeah, i like this week....
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dan2boy
Mar 10, 2016 6:57am
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ECB using up most of its bullet... now they hav really very little bullets left....
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hendrifx83
Mar 10, 2016 8:20am
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Quoting JakubSzalaFX
Watch out for reversal, 1.07 is max what we can get this and next week.
AMATIR
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zacko
Mar 10, 2016 7:12am
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Quoting Tony112
Do you know the expression bottom of the barrel?
Do you know the expression bite before you bark? Yeah

US talking about rate hike and all smh! look at Nzd, look at EUR, they all bite before they bark.
how about USD tonite???? bear or bull?
Reply
Idoscon
Mar 10, 2016 7:36am
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Quoting dean1star
negative rates on high streets next we get to pay them to hold our monies which is just the way they want it u know who i mean when we say THEY
so , you will not hold cash and you will buy something, that is what they want..lol .....they want more spending from peoples and more loans...fucking bussiness
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Idoscon
Mar 10, 2016 8:27am
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Quoting cecakrowo
why is that euro goes up again?
becose that move down was preparation for a bigger move up,,,
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accuratefx16
Mar 10, 2016 9:21am
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Always trade with accuracy. Know when to move and stay out of the market that is the winning key.
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cliffedwards
Mar 10, 2016 9:43am
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Quoting cliffedwards
Hmmm...Early move seems shallow in relation to the measures announced?
Quoting JakubSzalaFX
As expected, reversal took place quickly.
Yeah.. Right Jakub.. as I thought too .. something smelled wrong..
Great trade on the bounce back..
But Ill be checking out here..
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cecakrowo
Mar 10, 2016 8:23am
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why is that euro goes up again?
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Charlzz
Mar 10, 2016 8:31am
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Quoting cecakrowo
why is that euro goes up again?
because it is manipulated like all forex charts...
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Foren
Mar 10, 2016 6:49am
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OMG!
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akram.
Mar 10, 2016 6:52am
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so Draghi drag the eur/usd lower
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saintjude
Mar 10, 2016 6:54am
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haaahaaaa
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Fadadio
Mar 10, 2016 7:01am
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Super Mario strikes again
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saintjude
Mar 10, 2016 7:03am
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Quoting akram.
so Draghi drag the eur/usd lower
of course he DID! look at the spelling of his name he Drag..hi
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cliffedwards
Mar 10, 2016 7:05am
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Hmmm...Early move seems shallow in relation to the measures announced?
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ax86
Mar 10, 2016 7:10am
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wow this morning NZD and now EURO
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akram.
Mar 10, 2016 7:11am
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Quoting saintjude
of course he DID! look at the spelling of his name he Drag..hi
True but i like what he did
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Rebels
Mar 10, 2016 7:13am
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Go Long and watch Unemployment Claims
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SickOfScam
Mar 10, 2016 7:14am
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"Little Silvio" pushed again his ass in USD red news .
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LorraineP
Mar 10, 2016 7:14am
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Market makers will turn it on it's head. You watch
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Rebels
Mar 10, 2016 7:17am
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Best Place to Short USD
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CoolJL
Mar 10, 2016 7:24am
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Now mr Draghi, your turn to talk this down futher to keep it down.
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Idoscon
Mar 10, 2016 8:16am
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eur/usd....lol ,, dax: WTF? ...all way back down
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Kallla
Mar 10, 2016 8:16am
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Just a Marionette ! No one can stop the Euro to go higher as long as the big players want that ...
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CoolJL
Mar 10, 2016 8:18am
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Shameless manipulation by FEDs.
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CoolJL
Mar 10, 2016 8:29am
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Quoting cecakrowo
why is that euro goes up again?
Coordinated ongoing manipulation by US to lower dollar perhaps?
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artho
Mar 10, 2016 8:53am
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Today... ride the roller coaster, all my trap hit....mayaaan
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Trader#4A9E
Mar 10, 2016 6:49am
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bearish
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Trader#2700
Mar 10, 2016 6:55am
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seriously wow is it the best shot???
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Trader#E1A4
Mar 10, 2016 7:01am
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mr unpredictable, mr draghi...
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Trader#4A9E
Mar 10, 2016 7:03am
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eur/usd = 1.0 soon
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Trader#766B
Mar 10, 2016 7:04am
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Not many bullets left and shooting themselves in the foot. Desperate times for EU
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Trader#A0FC
Mar 10, 2016 7:21am
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Wait for the unemployment claims.. its really gonna fire........
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Trader#BECF
Mar 10, 2016 8:08am
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Were next?
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Trader#AEA2
Mar 10, 2016 8:23am
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Rollercoaster Draghi. Never disappoints.
Reply

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