ECB to end crisis-era stimulus programme in December

After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Jun 14, 2018ECB says its massive bond-buying program will likely end in December-1.6%
• Dec 10, 2020ECB keeps interest rates at 0, expands stimulus program+0.8%
• Jun 29, 2021ECB Charts Lone Crisis Stimulus in Choppy Wake of Shifting Fed | Financial Post-1.0%
• Jul 25, 2019Mario Draghi gives market hint of ECB stimulus in September – as it happened-0.1%
• Jul 26, 2019The Euro-Dollar Rate is In Line for Forecast Downgrades as ECB Eyes Stimulus-0.8%

After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jun 29, 2021ECB Charts Lone Crisis Stimulus in Choppy Wake of Shifting Fed | Financial Post+0.8%
• Jun 28, 2017ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times+0.1%
• Oct 29, 2020Euro falls to four-week low as ECB flags easing in December | Financial Post-0.5%
• Mar 19, 2020Cash is king as emergency stimulus fails to stop market panic+0.5%
• Sep 28, 2022Bank of England intervenes in market to halt economic crisis | PBS News-1.8%