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The ECB has the wind at its back now

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: The ECB shot all of the arrows in its quiver. The market was mightily impressed. But when Draghi said at the press conference that he didn’t expect to have to do any more, the market chose to interpret that as meaning the ECB will not do any more. There’s a big differ-ence between trying to promote confidence in a new policy initiative and saying there are no more initia-tives to be had. We say the market willfully misinterpreted Draghi. It’s ridiculous to think Can-Do Draghi said he

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