Prior decision
- Deposit facility rate -0.50%
- Main refinancing rate 0.00%
- Marginal lending facility 0.25%
- ECB reaffirms size of PEPP at €1.85 trillion
- PEPP purchase over the next quarter to be significantly faster
- ECB to buy flexibly according to market conditions
- This is done with a view to prevent tightening of financing conditions
- If favourable financing conditions can be maintained moving forward, full PEPP envelope need not be used
- PEPP envelope can be recalibrated if required
Further Development
Analyzing the current trading chart of EUR/USD, I found that there is potential for the completion of the ABC upside correction.
Key Levels:
Resistance: 1,1960
Support levels: 1,1875 and 1,1840
