ECB says markets over-reacted to Draghi’s stimulus signals

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

• Dec 10, 2020ECB boosts economic stimulus package as Covid-19 hits recovery – The Irish Times+0.8%
• Jul 25, 2019Mario Draghi gives market hint of ECB stimulus in September – as it happened-0.1%
• Feb 15, 2019Euro falls after ECB official says fresh round of loans possible – The Irish Times+0.5%
• Jan 28, 2022Global Market Insights: Markets, currencies react to central banks’ signals; TSX earnings rise seen | article+2.5%
• Jun 14, 2018Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch-1.6%

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

• Mar 8, 2023The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch-0.4%
• Aug 18, 2020Dollar extends gain but shares retreat as Fed signals stimulus+0.1%
• Jan 28, 2022Global Market Insights: Markets, currencies react to central banks’ signals; TSX earnings rise seen | article-0.9%
• Jun 14, 2018Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch+1.1%
• Dec 14, 2022Oanda's Ed Moya talks markets' reaction to Fed decision| FXMAG.COM+0.2%