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12:45 h (London time) > ECB Interest rate decision – Previous 0% > Current 0%!!! 12:45 h (London time) > ECB Deposit rate decison – Previous -0,4% > Current -0,4%!!! 13:30 h (London time) > ECB Monetary policy statement and Press conference!!! ECB stays on hold with rates as expected, we will se what Draghi has to say on the press conference in
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US Fed’s Fisher says that FED has no plans to move into negative teritory. Wtheck he is talking about? They will cut again or? It seams that Brexit has changes their view on possible rate hike again in 2016 and it’s more possible to see a rate cut now, right!? Well, if the important datas wasn’t good enough for raising the
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Are you ready for today’s decision and press conference? What to expect from Mr.Draghi and could we see another run in front of the euro bulls? Well, the several major banks expect no changes in monetary policy, with main focus on implementation of corporate sector purchase program (CSPP) and new LTRO-II. If the ECB will stay with policy on hold, press conference will be
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Euro bulls are chasing Mr.Draghi each time in 2016. when he anounce some specific easing monetary measures from the ECB, or when he try to weaken the euro by dovish talk. Let’s see how will this ended today!? At first, we have a rates decision and 45 minutes latter Monetary policy statement and press conference and that will be more important for the market moves!
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And we can see that from yesterday FED’s decision to leave all rates unchanged. I was sure that the FED will hike yesterday, because all FED’s conditions (data-depended) have been fulfilled. Long-term unemployment forecats is 4.7-5.0%, right where the official unemployment rate is currently, while the Core PCE of 1.7% is already higher than the high range of the FED’s 2016 year
Read moreCan we see more stimulans from the ECB today? As I see it, it’s more likely to see an aditional stimulans from Draghi, then not. He promised for several times to do whatever it takes to keep the economy in good shape, with the likelihood of more stimulus to be announced. Let’s face it, the economy is far away from
Read moreMr.Draghi will speech today in front of the European Parliament about ECB’s annual report for 2014. During it, the President will answer on questions from the Parliament members and that could be the interesting point for the market and possible moves. Mr.Draghi will give some points to the current outlook and certainly will look at the effectiveness of current measures from ECB’s QE.
Read moreIn about 20 minutes, 13:15 h (GMT), Mr.Draghi will have speech, of how the ECB observes the current European economy. You all know, that President’s comments lately has a negative impact on the euro, but never sure how the market will react and how will realize his outlook. He is known as Mr.Dovish, there is no doubt about that, but… Be very careful! Edit
Read moreIn the last two weeks ‘the market talks’ about possible QE extension, but I don’t expect that will happen today. Mr.Draghi have said that, the QE program is giving expected results so far and based on that, there is no need for extension on my oppinion. Could we expect a rate cut? I don’t see that either as a possible
Read moreParty is coming up!? 🙂 Just kidding, I am not expecting any changes in the ECB’s monetary policy today. The main rate, decision coming up at 11:45 h (GMT), should remain at 0,05%. In that case, the market could stay steady and calm. But, we could see some action and market moves during the Press Conference at 12:30 h (GMT). Mr. Draghi could
Read moreIn about 30 minutes (13:00 GMT), Mr.Draghi will have the introductory statement at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels. Could we expect some volatility in the euro pairs? Always when Super Mario is talking, especialy in the days like this. Be careful!
Read moreImagine this, the euro went up after Mr.Draghi and this is the second time in a row after his speech. Well, I was pointed at this support 1.1060/80 in my morning EUR/USD analysis and that was the point of bounce after Draghi was answer at the question about growth. Even the Draghi was more dovish then hawkish in his answer,
Read moreECB leaves Interest Rates on hold at 0,05% that’s not surprise, but there is ECB Monetary policy statement and Press Conference in about 15 minutes, there could be a sharp moves when Mr. Draghi talks!!! Dovish talk from Mr.Draghi could damage the euro you know that, be careful if you are in the euro positions with tight stop loss-es! I
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