Login

ECB surprise places Euro on chaotic ride

Share on Facebook Tweet on Twitter

Posted by FXStreet.com

on Thursday, 08 December 2016 08:13

53-636168038982780966The Euro/Dollar was exposed to extreme levels of volatility during trading on Thursday following the European Central Bank’s market shaking decision to taper its monetary stimulus to the Eurozone from April 2017 until the end of December 2017 or beyond. Although the central bank has decided to maintain its monthly purchases by 80 billion euros until March 2017, the reduction to 60 billion euros from April 2017 till year end could spark fears of a taper tantrum potentially sabotaging growth and pressuring the ECB to take further actions. With concerns still elevated over the health of the European economy and mounting political instability from Italy weighing heavily on sentiment, investors may turn to Draghi for further clarity on why the ECB made such a move.

...read more plus analysis on Crude & Gold

also:

Silver Poised for Near-Term Bullishness


Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine