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DAX bounces back as traders eye ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    European stocks have stormed back to life this morning, evidently in anticipation that the European Central Bank will ease its policy further as it attempts to boost growth and create inflation in an economy which is lacking on both fronts. Traders need to be wary of the possibility that the ECB may disappoint again, like it did back in December. Then, it merely cut rates into the negative when the market was expecting the central bank to do at least that and also expand its asset purchases

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