The dollar 'should' be on the rise and it's not

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Outlook: The euro’s resilience only days before the ECB policy meeting implies the market is putting its money on Draghi withholding one or more of the easing mechanisms. The ECB did this is December and the euro rallied like a banshee. Draghi’s choices include increasing the negative rate by 10 bp or maybe 15-20 bp. This one we are likely to get. Another option is tiered rates. A third option is raising the amount of QE and a fifth option is extending the QE program another six months. A

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