Looking for this reverse head and shoulders pattern to succeed.
Daily Candle rejecting a resistance from Feb 7th.
Trade is based off sentiment that the European central bank is still reducing net asset purchases and will wait until December meeting to raise rates.
Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual.
Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June.
-March 10th Monetary Policy Meeting (European Central Bank)
At its meeting ending on 16 March 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%.
Given the current tightness of the labour market, continuing signs of robust domestic cost and price pressures, and the risk that those pressures will persist, the Committee judges that an increase in Bank Rate of 0.25 percentage points is warranted at this meeting.
-March 17th Monetary Policy Meeting (Central Bank of England)
sources:
1. ecb.europa.eu/press/pr/date/2022/html/ecb.mp220310~2d19f8ba60.en.html
2. bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/march-2022
Daily Candle rejecting a resistance from Feb 7th.
Trade is based off sentiment that the European central bank is still reducing net asset purchases and will wait until December meeting to raise rates.
Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual.
Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June.
-March 10th Monetary Policy Meeting (European Central Bank)
At its meeting ending on 16 March 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%.
Given the current tightness of the labour market, continuing signs of robust domestic cost and price pressures, and the risk that those pressures will persist, the Committee judges that an increase in Bank Rate of 0.25 percentage points is warranted at this meeting.
-March 17th Monetary Policy Meeting (Central Bank of England)
sources:
1. ecb.europa.eu/press/pr/date/2022/html/ecb.mp220310~2d19f8ba60.en.html
2. bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/march-2022
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.