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Beecroft: Mario Draghi is "out of ammo"

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Rates have now hit rock bottom in the Eurozone with ECB President Mario Draghi saying they will go no lower. The new benchmark rate is just 0.05%. Are we seeing ECB running out of options or has it done just enough?
Chairman of Saxo Capital Markets Nick Beecroft says Draghi is "out of ammo" with Eurozone inflation at 0.6%.
Leaked in advance was the 500 Billion Euro bond purchase plan, Mario Draghi denies this is a form of QE so we are left with Quantative Easing still sounding more like 'Quantative Teasing'. Nick explains why he believes the markets will "bully" the ECB into QE before the end of this year. It's worth noting that the ECB President admitted that QE "was discussed".
What now for traders? Nick says the Euro is unlikely to drop further than it fell today, a "knee jerk reaction" in his opinion, with the Euro likely to now stay "stubbornly strong".