Alex von Stachelkopf
Mario Draghi, ECB President, assumes that the ECB should exercise control over the easy loans provided within the scope of the LTRO. According to him, over 800 units participated in the 2nd round of the ECB’s LTRO, mainly small-scale local banks – those that credit mid- and small-scale European businesses. That is why the central bank expects this liquidity to contribute to the recovery of the eurozone’s real economic.
However, Mario Draghi is worried about the fact that the ECB doesn’t have the tools to monitor how the easy loans are used.
On Wednesday the ECB is to publish a quarterly report, which is expected to show whether the lending requirements were eased or toughened. It is interesting to know that the total assets owned by all the European banks are 3 times as big as the eurozone’s GDP.
According to , EURUSD is forming wave с(С) of H6 started from 1,3104 with probable targets at 1,3231 and 1,3292. A change of trend will take place if the price breaks below 1,3148 and forms a bearish FZR below it (as shown below):
Alex von Stachelkopf
