Prior decision
- Deposit facility rate -0.50%
- Main refinancing rate 0.00%
- Marginal lending facility 0.25%
- Extends window for lowest rate on TLTROs
- Raise total amount that counterparties will be entitled to borrow in TLTRO operations from 50% to 55% of their stock of eligible loans
- Extends duration of April collateral easing to June 2022
- QE to continue at a pace of €20 billion per month
- Repo, swap lines with non-euro area central banks extended until March 2022
- Policy measures taken today will contribute to preserving favourable financing conditions over the pandemic period
- Uncertainty remains high, including with regard to the dynamics of the pandemic and timing of vaccine rollouts
Further Development
Analyzing the current trading Gold, I found that there is strong reaction of the lows at $1,824, which is good sign for further upside movement.
Watch only for long opportunities on the pullbacks with the potential targets at $1,874 and $1,896.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Lumber today and on the bottom VIX and GBP.
Key levels:
Resistance: $1,874 and $1,896
Support level: $1,824
