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European Central Bank Seeks to Recover Credibility

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The ECB is Expected to Keep QE Unchanged but Work on Market Communication The ability to communicate clearly with markets by the ECB was questioned after the December 3, 2015 rate statement. At first it was a welcomed surprise how the central bank headed by Mario Draghi had a higher sense of urgency and wanted to act before the end of the year to add more stimulus rather than wait until 2016 as most forecasters had anticipated. The rhetoric by Mario Draghi was enough to drive the EUR lower,

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