04/24/2016 - Central Banks Take Center Stage

* Fundamental Recap: Central Banks Take Center Stage
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities

For both this past week and the coming week, some of the world's most prominent central banks are taking center stage, issuing eagerly anticipated rate decisions and policy statements.

For this past week, the European Central Bank (ECB) was in focus. Not much about the ECB's public pronouncements on Thursday was unexpected. Interest rates remained unchanged this time, as anticipated, after the surprisingly aggressive easing actions presented at last month's meeting. ECB President Mario Draghi struck an overall dovish tone, reiterating the need to address persistent conditions of low inflation and economic growth risk. At the same time, however, Draghi urged patience in the face of prolonged weakness in inflation, hinting that any further easing will need to wait. The press conference skewed towards the dovish side primarily because Draghi kept open the potential for lower rates, in contrast to last month's conference, when he remarked that... Full text »

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