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Wednesday, December 7, 2016

Market Moving Event - ECB meets on 8 Dec

The European Central Bank meets tomorrow (8 Dec) is widely expected to extend its quantitative easing programme by six months amid ongoing political risk and stubbornly low inflation. They are expected to keep the size of its monthly bond purchases unchanged beyond its current end date of March 2017, at a pace of around €80bn a month, according to a majority of economists polled by Reuters.

European market are rally and Euro weaken  on expectation of an extended QE. Lessons from the Italian Referendum, Brexit, and Trump election shows that when its all baked in the risk increases. This blog prefer to short Dax and long Euro into news tomorrow.
All posts and charts are for educational and illustration purposes only

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