Spreadex Market Update
Euro markets refused to show signs of optimism
Traders will also be keenly watching the ECB press conference due later today. It seems the general consensus is that benchmark interest rate will remain at 0.5%, regardless of the fact that the Eurozone is starting to show signs of an improvement. However, traders will be more focused on the post conference comments by Mario Draghi and whether the ECB president will provide more information regarding his forward thinking guidance plans.
Nevertheless, officials should be wary of constantly providing the markets with ambiguous statements regarding growth plans as this will unlikely foster support for such policies in the long-term.
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