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It is all about the ECB today

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers It is all about the ECB today. We expect Draghi to deliver a new ‘menu’ of aggressive monetary easing consisting of: a 20bp deposit rate cut accompanied by a two-tier deposit rate system, stronger forward guidance plus an QE extension to December 2016 and an expansion of the monthly purchases to EUR75bn, for details. Fixed income markets are aggressively priced ahead of the meeting with at least some 15bp rate cut pencilled in for today. Importantly, we expect the December

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