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European indices tread water ahead of NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    While ECB action was much less dovish than the market expected it does not mean that monetary policy is not accommodative or indeed that the door isn’t open for additional stimulus if necessary. Mario Draghi’s extension of the QE from September 2016 to March 2017 was slightly less aggressive that the market was pricing i.e. an increase in monthly purchases by about 10-to15 billion euro and a deeper cut to the deposit rate. Some could argue that macro data emanating from the Eurozone is not bad

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