Today, the European What is a central bank? A central bank is an institution r... More announced what many had been waiting for since 2017: it announced the details behind the bank’s plan for stimulus exit. The current program is set to expire in September and runs at 30 Billion Euros per month. After September, bond buying will drop to 15 Billion per month going into the end of 2018, at which point Asset Purchases will stop. The announcement first got Euro bulls excited, and EUR/USD moved up to new June high shortly after the release but fell soon thereafter.
Why did the ECB announcement lead to a Euro fall?
The ECB said that it anticipates What is interest? In finance and trading, interest is a fe... More rates staying at current levels “at least through summer of 2019 and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path.”
This is quite a bit more The term dovish generally describes an economic outlook towa... More than what markets were expecting. The previous EUR/USD is a currency pair consisting of the euro and t... More The exchange rate refers to the amount of one currency y... More had been pricing in a rate hike by the ECB with more than 70% probability. After this morning’s ECB release, those odds moved below only 6%. Since then, eur/usd has been declining rapidly:
What’s next for the Euro? Bear season?