ECB meeting results
- Deposit facility rate, fact -0.40%, forecast -0.40%.
- Margin lending facility, fact 25%, forecast 0.25%.
- Interest rate decision (oct), fact 0.00%, forecast 0.00%.
The ECB October meeting fully coincided with market expectations. Changes in the quantitative easing program were also not noticed. As a result, there was no reaction to this report.
Now the market will be waiting for the press conference of the ECB President M. Draghi, which will be held later today. The market will continue to expect comments from Draghi regarding eurozone monetary policy, interest rates and the slowdown of the stimulus program.
EUR/USD continues to trade sideways from 1.1420-30 to 1.1380-70. Support levels are: 1.1350-60, 1.1320-00 and 1.1280, resistances are: 1.1450, 1.1470-80 and 1.1500-20.
EUR/USD chart. Current price – 1.1410
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Hanzenko Anton
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