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Current Sentiment | ECB Press Conference

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    There is not trade call for the session. During yesterday’s New York session, the ECB exceeded expectations by cutting the Deposit Rate by 10 basis points, from -0.3% to -0.4% and also cutting the Main Refinancing Rate from 0.05% to 0.00%, and the Marginal Lending Facility from 0.30% to 0.25%. Current Sentiment They also announced a new series of 4 TLTRO’s, and an increase of €20bn to its asset purchase programme, now at €80bn per month. As a result EUR weakened substantially with EURUSD

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