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Markets disappointed by ECB decision

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Thursday the US stocks slumped as well as the US dollar. The S&P 500 live data show the index fell 1.4%. The main factor weighing on the markets was the ECB decision to leave the current level of the bond-buying programme at 60bn euros a month expanding the programme by six months to March 2017. Moreover, the ECB has cut the deposit rate by 10 points to -0.3%. The key rate remains unchanged at 0.05%. Investors expect these moves to support the European economy preserving the stable

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