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CADCHF 4HR CHART 1/2/2024 - 3/21/2024

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USDJPY 1HR CHART BEAUTIFUL C TO D PRICE ACTION

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Here’s a Summary of the ECB's Monetary Policy Decisions and Its Impact on the Euro

🏦 ECB's Key Decisions:

Maintained three key ECB interest rates unchanged: Main refinancing operations at 4.50%, Marginal lending facility at 4.75%, and Deposit facility at 4.00%.
Continuation of the quantitative tightening policy.

📉 Economic Assessment:
Confirmation of the medium-term inflation outlook.
Declining trend in underlying inflation, despite an energy-related increase in headline inflation.
Past interest rate increases are effectively influencing financing conditions, dampening demand and aiding in inflation reduction.

🎯 Inflation Target:
The Governing Council remains focused on returning inflation to the 2% medium-term target.
Belief that the current interest rates, if maintained, will significantly contribute to achieving this goal.

📊 Data-Dependent Approach:
Future interest rate decisions will be based on economic and financial data, underlying inflation dynamics, and the strength of monetary policy transmission.

🔄 Asset Purchase Programs:

The APP (Asset Purchase Programme) portfolio is reducing as the Eurosystem stops reinvesting principal payments from maturing securities.
Plans to continue reinvestments under the PEPP (Pandemic Emergency Purchase Programme) in the first half of 2024, followed by a gradual reduction.

💹 Impact on the Euro (EUR):

Stability in Interest Rates: Maintained rates suggest stability in the Eurozone's economic outlook, which could support the Euro.
Inflation Control: Effective management of inflation could strengthen the Euro, depending on global investor sentiment.
Quantitative Tightening: Continued tightening might be seen as a sign of economic confidence, potentially bolstering the Euro.
Global Economic Dynamics: The Euro's strength will also depend on how these policies interact with global economic conditions.

🔍 In summary, the ECB's decision to maintain interest rates and continue quantitative tightening, alongside a focus on returning inflation to its target, can have multiple effects on the Euro. These include potential strengthening of the currency based on the perception of economic stability and effective inflation management.

Read more on our blog!

www.theforextraderoom.com/blog/ecb-jan-rate-decisi…

1 year ago | [YT] | 1

The Forex Trade Room

What do new members say about the Inner Circle?

The Inner Circle isn’t your ordinary trading community. The mission is truly about helping!

Our goal is to help 100,000 people become consistently profitable traders.

Will you be next?

Www.theforextraderoom.com/membership

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Have you ever considered that the very obstacles you face might not be holding you back, but actually leading you to paths of greater personal growth and success?

Mindset Monday is gonna be Fire tomorrow!

Do you have a routine to kick start your week?

Let us know your routine in the comments.

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