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EUR/USD Forecast: bullish after the dust settled, eyes on FED

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

  1. Sandra S.

    Sandra S. Forum Member

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    After a dull beginning of the week for the EUR/USD pair, it finally sky rocketed to its highest in almost a month, after the ECB pulled out a series of measures to boost inflation and growth. Investors were expecting a 10-15bp deposit rate cut, and maybe an extension of QE, but they were caught off guard when the main rate benchmark was cut to 0.00%, and four new TLTRO's were offered, alongside with QE being extended to €80bn a month starting next April and the deposit rate slashed

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