The ECB’s bond-buying program was a flop, and that’s perilous for the eurozone

European Central Bank President Mario Draghi has declared that eurozone economic growth is on a steady course and that the risk of deflation is fading, allowing the central bank to phase out its bond-purchase program by the end of December. Such “mission accomplished” rhetoric is entirely contrary to reality. In truth, the ECB’s bond-buying program has largely failed: economic growth is slowing, and inflation remains worryingly low. With the ECB reaching the political limits of its actions, perils lie ahead for the eurozone economy. Read More @ https://www.marketwatch.com/story/the-ecbs-bond-buying-program-was-a-flop-and-thats-perilous-for-the-eurozone-2018-09-21?mod=newsviewer_click

ECB faces hurdles on long road to normal policy: Weidmann

The ECB is due to end its money-printing program at the end of this year after pumping 2.6 trillion euro ($3.06 trillion)on the bond market and has hinted at a rate hike late next year if inflation in the euro zone extends its gentle acceleration.  But clouds are already forming on the horizon, with emerging economies feeling the squeeze of higher U.S. interest rates and trade frictions between the United States and China weighing on growth. Even Weidmann, the head of Germany’s central bank and a prominent hawk on the ECB’s policy-making body, struck a cautious tone. Read more @ https://www.reuters.com/article/us-ecb-policy-bundesbank/ecb-faces-hurdles-on-long-road-to-normal-policy-weidmann-idUSKCN1M01W1

WHAT ARE THE CURRENCIES INDICES SAYING?

Currencies are all consolidating for a next big move. We have moved from buying USD to SELL approach this week. Short Term the USD might have a pullback with CUP&HANDLE Pattern at H1 but overall the prices are staring at the north. Always be cautious and never over trade – keep money management at all times as our priority – all currencies pairs and summaries will be posted at https://member.ethostop.com, only general analysis will be posted at FINWAZE.COM.

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