“It looks too early for the ECB to take a final decision and we expect no sovereign QE announcement at the 4 December meeting-”
A loosening of TLTRO conditions would suggest that the ECB’s strategy remains mostly focused on credit easing-
“ECB Executive Board member has said this weekend that she saw little room for further easing of monetary policy despite a further fall in Eurozone inflation” $EUR/USD capitulation will need to be USD-led
- Mario Draghi, president of the European Central Bank, seems to be in no hurry to implement a policy of quantitative easing. He doesn’t seem to have much optimism that it will work.
- Mr. Draghi is more set in urging other members of the eurozone to create a fiscal union, stating that it would do more to combat fears of monetary union breaking up
Germany, the largest economy in the eurozone, only has an unemployment rate of 4.9 percent
As always the trend isn’t your friend-Watch your charts! This thing is Oversold……