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Oil prices moved a bit higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers The ECB meeting is finally here and the suspense will be over as the ECB announces its new round of stimulus. We expect the ECB to cut the deposit rate by 10bp to -0.4%, to introduce a two-tier deposit rate system aimed at reducing the cost to the banking sector and to signal that the deposit rate could go even lower. We also look for the ECB to front load QE purchases by EUR20bn per month in the spring. The market reaction to this ‘package’ is likely to be a small disappointment

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