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  • ECB Monetary policy decisions

    From ecb.europa.eu

    At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases. Regarding non-standard monetary policy measures, the Governing Council confirms that the net asset purchases, at the current monthly pace of €30 billion, are intended to run until ... (full story)

Added at 7:47am

  • European Central Bank keeps rates and stimulus unchanged

    From cnbc.com

    The European Central Bank (ECB) opted to keep interest rates unchanged Thursday and to continue its asset purchase program until September. At the bank's last monetary policy meeting in January, policymakers agreed that it was too early to make changes to the current level of stimulus, but admitted there could be changes in "early" 2018. However, analysts hold very different views regarding the future of the quantitative easing (QE) program. Wolfgang Kiener, senior analyst at BayernLB, told CNBC via email: "Given only a slow increase of core inflation, we expect the ECB to reduce QE from October on to 15 billion ... (full story)

Added at 7:50am

So what do we have here now
no change in rates
neutral. but EUR react with a bit higher than USD
Quoting Larry4231
neutral. but EUR react with a bit higher than USD
Yes I am looking for a higher Hi on the daily for the Eur/USD and a higher low on the daily for the Dollar. If it stays like that into Monday will be looking for Euro shorts next week
buy euro
Sell on rally 1.25
https://www.cnbc.com/2018/03/08/ecb-march-meeting-stimulus-easing-bias-euro.html. Not dovish for sure.
See: https://www.bloomberg.com/news/articles/2018-03-08/ecb-tweaks-policy-language-in-sign-of-confidence-in-the-economy
2150
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
2150
1,24 -> 1,15 -> 1,35
COT: The precious data ignored
Sell EURUSD to 1.2
Never let success get to your head because the market will punish you
I am short on EURCAD
Quoting MMTSignals
I am short on EURCAD
Good call! CAD was quite deprecated recently against EUR and CHF.
Quoting kuroro001
{quote} 1,24 -> 1,15 -> 1,35
Very possible...also looking for 1.30+, medium to long term. But down first...
Everyone can see the chart, but only a few can actually read it.
Quoting michaelpelly
{quote} Good call! CAD was quite deprecated recently against EUR and CHF.
you are welcome.
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