The ECB made available $530B in loans to EU banks today in order to provide liquidity to banks…known as LTRO 2. $498B in loans (LTRO 1) was made on December 21, 2011.
The reaction, so far today, on the European Financials ETF (EUFN) has been negative, as shown on the Daily chart below. Price has been trading in a range just below major…
