Mario Draghi and the ECB made a historic move on Thursday of last week by making the interest rate on excess reserves negative. Never done before (officially) by a Central Bank. They also launched another acronym – the TLTRO. Expect to hear more about that in the coming months.
The Eurozone is tipping into deflation and the European economies are struggling. The ECB is doing everything it can to stimulate bank lending and generate inflation. The DAX is on a tear, house prices in the major cities are way up and collectibles are strong – so some are happy. But the ECB are clearly worried.
Good luck with your Emini trading this week.