EUR/USD Forecast: full armor, big fail

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Markets head into the ECB economic policy decision with high expectations, and as expected, Draghi delivered: he shocked the financial boards by cutting the main benchmark down to 0.0% from previous 0.5%, while also expanded the monthly purchases programmed to €80 billion starting in April, aimed to run as long as required. Additionally, the ECB cut its deposit rate as expected by 10bp, down to -0.40%. Indeed, he took out all the heavy armor all in once, leading to a decline in the

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