There's a large array of possibilities in the details and the language too.
At this stage market would like precision and decisiveness. If this is delivered than Eurostoxx could enjoy a 10% rally over 6 weeks (just a possible scenario).
Until Draghi tells us how he plans to play it, it is difficult to tell.
Note 3550 in March would be a perfect short.
Comments
jangseohee
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there is no Progress in this index, 4 months ago i did this Monthly review, and thing didn't change.. perhaps Draghi "the savior" will
tradingview.com/v/uaCyi4or/
YaKa
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In essence, what will be key Thursday is:
1) the size. the closer to 1bio the better.
2) the risk sharing language. Germany does not want it. Many QE advocate point that without risk sharing the QE would be ineffective.
tradingview.com/v/uaCyi4or/