21 Jan 2016
ECB took the show; door open for further easing - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that ECB's President, put a halt in risk-aversion trading this Thursday, by offering quite a dovish speech after leaving the EU economic policy unchanged.
Key Quotes:
"The European Central Bank opened doors for further easing, announcing a probable revision of the ongoing measures next March, giving a boost to local share markets that dragged US indexes and even commodities higher.
Whether this positive mood will hold Chinese and oil upcoming onslaughts that no doubts will come back shortly, is something yet to be seen. In the meantime, Draghi also said that rates will remain at current levels or lower for an extended period of time, adding that the downside risk has increased again.
Majors reversed course, with commodity currencies benefiting from the sudden comeback in stocks and goods, and the EUR and the JPY giving back some ground."
Key Quotes:
"The European Central Bank opened doors for further easing, announcing a probable revision of the ongoing measures next March, giving a boost to local share markets that dragged US indexes and even commodities higher.
Whether this positive mood will hold Chinese and oil upcoming onslaughts that no doubts will come back shortly, is something yet to be seen. In the meantime, Draghi also said that rates will remain at current levels or lower for an extended period of time, adding that the downside risk has increased again.
Majors reversed course, with commodity currencies benefiting from the sudden comeback in stocks and goods, and the EUR and the JPY giving back some ground."