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S&P 500: Stocks tanks as ECB misfires bazooka

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    What a volatile day it has been in the markets. Stocks initially rallied after the European Central Bank decided to cut interest rates across the board, increased QE by a bigger than expected €20 billion euros per month and expanded the universe of eligible securities to purchase through its QE programme – click HERE for more details. In the words of my colleague Matt Weller, this was the “big bazooka” that many traders were hoping to see. However, at the press conference, the ECB President

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