Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: surnamehistories who wrote (80790)	3/10/2016 8:04:42 AM
From: GROUND ZERO™	Respond to of 220907

Yep, as anticipated... don't fight the FED no matter what disguise they're wearing... GZ

To: surnamehistories who wrote (80790)	3/10/2016 8:06:07 AM
From: GROUND ZERO™	Respond to of 220907

ECB cuts benchmark interest rate to 0.0%, deposit rate down to -0.4% Investing.com - The European Central Bank cut its benchmark interest rate in a surprise decision and lowered its deposit rate deeper into negative territory on Thursday, in an effort to boost inflation in the euro region. The ECB said it was lowering its benchmark interest rate to a record-low 0.0% from 0.05%, surprising market players who were expecting no change. The central bank also cut its deposit facility rate to -0.4% from -0.3%, in line with market expectations. Meanwhile, the central bank held its marginal lending unchanged at 0.30%. The ECB also said it was to increase the size of its monthly quantitative easing program to approximately €80 billion from the current €60 billion, starting in April. ECB President Mario Draghi was to comment on the decision at a press conference at 13:30GMT, or 8:30AM ET. EUR/USD was trading at 1.0869 from around 1.0975 ahead of the announcement, while EUR/GBP was at 0.7675 from 0.7721 earlier. Meanwhile, European stock markets were mostly higher. The EURO STOXX 50 rose 2.8%, France's CAC 40 tacked on 2.5%, Germany's DAX climbed 2.3%, while London’s FTSE 100 inched up 0.6%. investing.com GZ