Minutes from the ECB's January policy meeting will be published on Thursday. The ECB said it will keep its €2.5 trillion stimulus program in place for as long as needed at that meeting, and stated that there are "very few chances" that it will change interest rates this year.
Despite those remarks, market players remain convinced that easy monetary policy in the region is coming to an end sooner rather than later.
The central bank cut its monthly bond purchases from €60 billion to €30 billion back in October, but extended the program until the end of September 2018, citing muted price pressures
Note; Engufing pattern could be formed.
A bearish engulfing pattern is seen as the end of an upward trend, marked by the primary candle of upward momentum being overtaken, or engulfed, by a larger secondary candle indicating a shift toward a downtrend
Despite those remarks, market players remain convinced that easy monetary policy in the region is coming to an end sooner rather than later.
The central bank cut its monthly bond purchases from €60 billion to €30 billion back in October, but extended the program until the end of September 2018, citing muted price pressures
Note; Engufing pattern could be formed.
A bearish engulfing pattern is seen as the end of an upward trend, marked by the primary candle of upward momentum being overtaken, or engulfed, by a larger secondary candle indicating a shift toward a downtrend
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