DailyFX European Market Wrap: Equities Take a Breather; ECB Signals Steady Hand


by  Katie Pilbeam

European markets are all down today. The main event was ECB interest rate meetings with bank chief Mario Draghi saying that the stimulus package in place is here to stay for now at least.

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US
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Both EUR/USD and GBP/USD appear technically inclined for further gains moving forward.
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EURO
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The Euro may fall as ECB President Draghi strikes a dovish tone to soothe the markets’ nerves while the central bank adjusts the size of its monthly QE asset purchases.
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ASIA
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Two major Central Bank rate decisions and very little by way of new information. But the reaction seen in markets around each decision may be or become usable for traders looking for trend continuatio...Continue Reading

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