We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • As we head into next week, Cable is continuing to digest the massive leg higher last month, which at some point soon could mean another surge. Get your $GBPUSD technical analysis from @PaulRobinsonFX here: https://t.co/LJ42YhDe3X https://t.co/5hGwhGBpLB
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia from @DavidCottleFX here: https://t.co/E2hqoRdO7q https://t.co/urMnUCq4fn
  • RT @markets: White-hot pot stocks have flamed out in spectacular fashion https://t.co/3GsVsRyZaZ
  • What is the best time to trade #forex? Find out: https://t.co/M9R46r5ewa #tradingstyle https://t.co/gJ1QDrox67
  • #Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat assets amid expectations of additional Fed easing. Get your $XAUUSD market update from @ZabelinDimitri here: https://t.co/OJ7WUY9W7E $gld https://t.co/kBp3opzptm
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: https://t.co/AYdD7ODlv1 https://t.co/G0ftVurNNN
  • Manning the penalty box today...i hope there aren't too many visitors https://t.co/1y81Li7laL
  • Do you think your #tradingstyle is of a #FOMO trader? Find out how you can turn that to #JOMO? Find out: https://t.co/79Q4pYdVEd https://t.co/S82AOd5AeP
  • What are the truths and lies of #forex trading regardless of your #tradingstyle here: https://t.co/uF75VPzstr https://t.co/xJ808KvLxr
  • RT @PaulMDomenick: “But Paul, I don’t have a mentor!! Really? •Do you have YouTube? You have a mentor! •Do you have a bookstore? You hav…
**Update**EURUSD Drops as ECB Announce TLTROs and Alters Rate Guidance

**Update**EURUSD Drops as ECB Announce TLTROs and Alters Rate Guidance

2019-03-07 13:00:00
Justin McQueen, Analyst
Share:

ECB Talking Points

  • EURUSD Drops to Session Lows
  • TLTROs to Begin From Sep 2019

ECB Press Conference Recap

In light of the weaker than expected economic data from the Eurozone the ECB have downgraded both their growth and inflation forecasts, which is not a huge surprise, given the deteriorating fundamentals. Consequently, the downgrades have allowed for the ECB to open the stimulus taps yet again.

Please add a description for the image.

ECB Announces Fresh Stimulus and Alters Rate Guidance

EURUSD fell 30pips to session lows of 1.1273 after the ECB announced that they will be delivering fresh stimulus in the form of TLTRO 111, which will be starting from September 2019 and ending in March 2021. Alongside this, the central bank has also updated their rate guidance, having stated that “the Governing Council now expects the key ECB interest rates to remain at their present levels at least through the end of 2019, from the “end of summer 2019”.

What Are TLTROs

TLTROs – The ECB’s Other Stimulus Tool

Money Markets Push Back Rate Hike Expectations

As it stands, markets now see a a 20% likelihood of a 10bps rate hike this year, down from 40%.

Please add a description for the image.

EURUSD PRICE CHART: 1-Minutes Time Frame (Intra-day)

**Update**EURUSD Drops as ECB Announce TLTROs and Alters Rate Guidance

For a more in-depth analysis on EUR, check out the Q1 Forecast for EUR

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.