The ECB disappointith, the ECB easith again

January 22, 2016

Research Team at TDS, notes that the ECB left policy on hold, but gave as clear an indication as possible that further easing is likely in March.

Key Quotes

“The principal driver of their shift in view was low 2016 inflation on the back of oil, alongside downside risks to growth from heightened uncertainty and geopolitical risks. 

Given the points made in the statement and by Draghi in the press conference, we now expect the ECB to cut the deposit rate by 10bps in March, with a 30-40% chance of a further 10bps either in March or June, but extensions or augmentations to QE still seem unlikely at this point. 

With potential for changing market dynamics in the coming weeks, we take profit on our 10y bund-Treasury tighteners at 156bps, will look for better re-entry levels later, and expect our ERZ6/ERZ7 flattener to continue to perform and would expect to hit our target there by March.”

Publication source
HYCM information  HYCM reviews

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

FIBO Group Rating
Fort Financial Services Rating
Grand Capital Rating
 FXTM Rating
Tickmill Rating
Vantage FX Rating

Empire Option Rating
Beeoptions Rating
OptionsXO Rating
Binary Brokerz Rating
TropicalTrade Rating
OptionBit Rating