Central Banks: ECB running out of available action, Fed 2016 trajectory to be dovish

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Neil MacKinnon, Global Macro Strategist for VTB Capital, joined Zak Mir and Mike Ingram on the Tip TV Finance Show to discuss the reaction to the ECB meeting and the assumed Fed rate hike and trajectory of tightening into 2016. Key Points: MacKinnon noted that even though the deposit rate was cut and QE was extended, the monthly rate of bond purchases remained unchanged at 60 billion. The ECB are unlikely to act again in the near-term, as they are running out of possible policies to use. He

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