Saturday, March 10, 2018

As expected, the euro rejected the 1.2450-level in a first attempt but the single currency was able to hold above $ 1.24 ahead of the upcoming ECB monetary policy announcement. While no changes in interest rates are expected, the focus will be on a fresh set of economic projections and ECB President Draghi’s commentary on what could happen to the central bank’s QE program which is due to run until September.

There is still a high degree of ECB optimism in the market and given that optimistic sentiment market participants may tend to push the EUR/USD higher even though Mario Draghi is unlikely to signal an early exit to their QE program. Traders should bear in mind that making significant adjustments to their communication right now could cause confusion which is why ECB policymakers could maintain a cautious stance for the time being. Mr. Draghi is not in a hurry to announce a change right now. Therefore, the ECB could hold off until the summer to start talking about unwinding QE and t



from MQL5: Traders' Blogs http://ift.tt/2FmATFa

Related Posts:

  • LATEST STOCK MARKET NEWS News Category Alert Markets What You Need To Know UTP Vendor Alert #2018-006 UTP - SIP from NASDAQTrader.com https://ift.tt/2KhmeJj … Read More
  • LATEST STOCK MARKET NEWS News Category Alert Markets What You Need To Know Equity Corporate Actions Alert #2018-073 The Nasdaq Stock Market from NASDAQTrader.com https://ift.tt/2In65BM … Read More
  • LATEST STOCK MARKET NEWS News Category Alert Markets What You Need To Know Options Trader Alert #2018-020 Nasdaq ISE,Nasdaq GEMX from NASDAQTrader.com https://ift.tt/2jVIsp7 … Read More
  • LATEST STOCK MARKET NEWSSo unless you have been hiding under a rock you have seen that US president Donald Trump pulled the USA out of international nuclear deal with Iran. This extreme move was not completely unexpected given Trump years of critici… Read More
  • LATEST STOCK MARKET NEWS News Category Alert Markets What You Need To Know Data Technical News #2018-011 Nasdaq BX,Nasdaq PSX from NASDAQTrader.com https://ift.tt/2IalCoj … Read More

0 comments:

Post a Comment

Followers

Contact Form

Name

Email *

Message *

Popular Posts

FOLLOW BY EMAIL

Enter your email address:

Delivered by FeedBurner