ECB preview with London City experts: What to expect of EUR/USD?
ECB: It is the end of “Stimuland”, Are Draghi & Kuroda now travelling in the same boat? This is the question everyone in the market is grappling with.
As Richard Perry from Hantec Markets said, “there is no appetite for a rate cut in the market” and added further, “Draghi is becoming more and more predictable” which means lackluster reaction in the FX markets.
This compels us to believe that Draghi and Kuroda are now in the same boat. However, note that BOJ is buying equities and Draghi is yet to travel that road. Whether or not he does is what remains to be seen.
For now, markets are moving in line with the message delivered by London city experts on our show – ECB is unlikely to come up with a major move…there is no appetite for further easing. An extension of the maturity of the QE program won’t do much damage to the Euro.
No wonder we are seeing demand for Euro ahead of the ECB meeting. Along with the fundamental aspects, Experts also discuss technical trends and major levels in EUR pairs that could come-in handy while trading the single currency during the 45-minute window between the rate decision and press conference and during Draghi’s presser.
Check the ‘London Open’ full video here – tiptv.co.uk & youtube.com/watch?v=LxpZCz7zFiA
As Richard Perry from Hantec Markets said, “there is no appetite for a rate cut in the market” and added further, “Draghi is becoming more and more predictable” which means lackluster reaction in the FX markets.
This compels us to believe that Draghi and Kuroda are now in the same boat. However, note that BOJ is buying equities and Draghi is yet to travel that road. Whether or not he does is what remains to be seen.
For now, markets are moving in line with the message delivered by London city experts on our show – ECB is unlikely to come up with a major move…there is no appetite for further easing. An extension of the maturity of the QE program won’t do much damage to the Euro.
No wonder we are seeing demand for Euro ahead of the ECB meeting. Along with the fundamental aspects, Experts also discuss technical trends and major levels in EUR pairs that could come-in handy while trading the single currency during the 45-minute window between the rate decision and press conference and during Draghi’s presser.
Check the ‘London Open’ full video here – tiptv.co.uk & youtube.com/watch?v=LxpZCz7zFiA
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