The European Central Bank left its policy unchanged. In the accompanying short statement, they maintained their usual phrase about QE: it will continue through 2017 or beyond if necessary. The main lending rate remains at 0% and the deposit rate at -0.40%. No changes were expected to rates. EUR/USD holds onto the levels it climbed […]
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The European Central Bank is about to make its decision and it seems that the euro cannot wait. EUR/USD is advancing towards 1.20. Can it continue higher? Here is their view, courtesy of eFXnews: ANZ FX Strategy Research argues that that there are 5 reasons to be skeptical that President Draghi will address euro strength head-on in […]
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The European Central Bank’s meeting is getting closer and the tension is felt in euro/dollar. Here is the view from Barclays: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the ECB meeting on Thursday poses ‘two-way’ risks for EUR/USD. “We expect that the ECB will leave its policy settings […]
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The European Central Bank does not like the strength of the euro. We know that already from the previous rate decision. President Mario Draghi tried to sound dovish but failed to convince markets. It does not mean that they are giving up. Further “sources,” say that the highly-anticipated decision about QE tapering could wait until […]
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Summary: ECB’s tapering decision is expected in the coming months Will the ECB risk making changes ahead of the German elections later this month? Market reaction to the ECB meeting outcome One might get tiresome of hearing the same thing over and over again. But it still warrants another repetition. The euro is the top […]
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