Delivering cutting-edge technology with bespoke solutions, built by traders for traders. ThinkMarkets has invested heavily in infrastructure to provide award winning services, with an ever-growing range of markets.
ThinkMarkets has a wide range of currency pairs with all the Majors, Minors and Exotic crosses covered. Trade Forex with us via Mobile and see the difference with our proprietary platform Trade Interceptor.
Trade on global indices markets, all the major stock indices covered including Wall St, UK 100, Nikkei 225, S&P 500, AUS 200 and Germany 30. Deal on the major stock indices with ThinkMarkets.
Spread betting is the tax-free* method to take positions on indices, commodities, metals and forex. With no capital gains tax or stamp duty you can take position on both rising and falling markets.
* Tax laws depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
Trading precious metals like Gold and Silver have been, considered by many a safe haven market. Trading metals has never been easier with tight spreads and low capital entry requirements.
Oil and Natural Gas are highly traded commodities that, with ThinkMarkets, you can trade with tight spreads and state of the art technology working hard to keep your trading safe, fast and reliable.
ThinkMarkets offers a range of powerful platforms to cater to any of your trading needs. Experience our bespoke Trade Interceptor platform or MT4. All our platforms are available on Mobile PC, Mac and web interface.
We continuously strive to provide our clients with robust tools and technology to help make your trading more intuitive and comprehensive, from advanced charting packages to premium news feeds.
Follow our market news for all the latest updates and breaking news as seen through the eyes of our expert Market Analysts.
Our comprehensive trading education materials will help you top become a better trader. Our library of videos and trading guides have been created to guide you and educate you in all areas of the markets, from beginners to advanced-level.
Posted by Naeem Aslam | 26/10/2017 05:38
The pace of the QE purchase program could be reduced to 30 billion euro a month
Investors would be parsing the ECB tone and language closely
Patient is no longer sick and doesn’t require the assistance
QE Length Could be extended
We do expect the QE process to be extended into 2018 for another nine months from its current expiry date (December). The pace of the QE purchase program could be reduced to 30 billion euro a month which would be nearly half of the current size. This means that the ECB would add another 270 billion to their balance sheet over the next period. The market is very much expecting this, anything which is above or below this number could trigger a surprise for the markets. Therefore, we do think that the ECB will reiterate that it is still fully committed to its program to strike a balance and the bank would confirm that it can change the pace and the path of the tapering for the QE as the markets conditions would require them.
The Language and Tone
Investors would be parsing the ECB tone and language closely. The duration of extending the current QE program will very much dictate the market’s interest rate hike expectations. The shorter the duration, the more anchored the expectations would be for the upcoming interest rate hike. We do expect the interest rates to remain at their current level for an extended period of time. Mario Draghi, the president of the European Central Bank, would have a difficult task to convenience the market that these expectations are not going to change anytime soon
The phrase which would make the statement hawkish and dovish is “beyond if necessary”. The ECB uses this phrase when it talks about its asset purchase program and if the bank removes this phrase and extends the current program by only limited period, it would be perceived as a hawkish stance which could push the Euro higher
Locking the Door
The ECB launched its unpopular program to improve the health of the dying patient, the patient is no longer sick and doesn’t require the assistance. The unemployment rate in the Eurozone has fallen from its peak of 11.3 percent to 9.1 percent and the growth in the region is outpacing the biggest economy in the world- the US. Liquidity and credit situations even in the feeblest part of the Eurozone have improved remarkably, and the ECB has defeated the vicious cycle of falling prices i.e deflation.
Excuses For Draghi
The president of the ECB hasn’t achieved his inflation goal and the needle on that parameter isn’t moving at a pace which the president would like to have. The ongoing situation between Madrid and Catalonia has fuelled uncertainty in the market and the domino effect can never be underestimated, On top of that, the five star movement over in Italy, has gained a meaningful popularity amid Italians and with elections due next year, we do not think that the president of the European central bank is going to be overly hawkish.
Risk Warning: Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure.
Tax laws depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. Registered address: 2 Copthall Avenue, London EC2R 7DA. Company number: 09042646.
The information on this site is not directed at residents of the United States, Japan, France, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
© 2017 This website is owned and operated by ThinkMarkets Group.