Draghi’s Trillion-Euro Journey Starts Today

Draghi’s Trillion-Euro Journey Starts Today

From bloomberg.com

Mario Draghi’s trillion-euro journey is under way. The European Central Bank will announce the result of its first targeted lending program today as part of its effort to stave off deflation in the euro area. The so-called TLTRO is among a package of measures that the ECB’s president says will boost its balance sheet to as much as 3 trillion euros ($3.9 trillion) from 2 trillion euros. Draghi’s first step may not take him very far, with estimates for today’s offer, which is linked to the size of banks’ loans to the real economy, ranging from 100 billion euros to 300 billion euros. That’ll shift the focus ... (full story)

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Sep 18, 2014 1:28pm

Quoting jw1981

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Refer to Newtons law, which is quite applicable to the fx markets as well. Trends once set continue in the path. The question is how do you define a trend. If you look at h4 charts, you'll fine one trend, while the daily charts may present a different trend. Heck, if you zoom out the bars you'll find a completely different trend.

So question back to you.. what trend do you see?

Ignored

LMFAOL! Stop looking at many charts, count the waves instead!
Happy trading! 😎

jw1981

Sep 18, 2014 5:08am

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Quoting Guest

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What would be the short term and long term impact on euro. Can we expect change in euro's trend?

Ignored

Refer to Newtons law, which is quite applicable to the fx markets as well. Trends once set continue in the path. The question is how do you define a trend. If you look at h4 charts, you'll fine one trend, while the daily charts may present a different trend. Heck, if you zoom out the bars you'll find a completely different trend.

So question back to you.. what trend do you see?