sp'60min
Summary
ECB: initial news... deposit rate cut 10bps, from -0.2% to -0.3%.
Other measures due to be announced at the press conf'.
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Update from Mr C.
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Overnight Asia action
Japan: a lot of chop.. closing effectively flat.
China: again, opening weak chop, but then latter day rally, +1.3% @ 3584.
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Have a good Thursday
8.35am... ECB announce: extending monthly QE of €60bn from Sept'2016 to March 2017.
Equities a little choppy, sp +2pts.
Oil +1.4%... with the OPEC meeting tomorrow.
8.40am.. Euro is soaring. +1.8%...
sp' has cooled from +12pts to -2...... as the market battles it out to pick a direction.
Broadly.. we should still climb from current levels... not least if Oil can climb.
8.56am.. sp' +1pt.
Euro +2.4%..... and that is helping the metals/oil.
Q. Has the Euro seen a key floor, with the USD seeing a double top at DXY 100?
Hmmmmmmmmmmm
9.00am.. USD flash-crashing.... -1.3%...... was rather stable at -0.3%.....
Price action is getting increasingly wild.