Lower end of expectations should keep the squeeze on the ECB to act in January so EURUSD wanders down to 1.2415

For further detail on expectations see my preview here

ECB TLTRO table 2nd tender

ECB TLTRO table 2nd tender

Update:

  • Dax 9855 from 9871 highs after the announcement
  • Italian, Spanish 10year yields on day’s lows