ForexCrunch analyst Yohay Elam @forexcrunch commented that Draghi was just easy and he tried not to sink the boat. Drahi speech was all about how the ECB QE is working well and as expected.
However, market was expecting that forecast would be more adjusted, but besides inflation, everything remained unchanged. So the existing monetary policy divergences remain in play and it won't change anytime soon. ECB is still here to buy bunds and to print euros and it is pushing the Euro lower.
Nonfarm payrolls above 200K, perhaps above 250K
Regaring Nonfarm Payrolls, Elam comments that United States will have another nonfarm payrolls above 200K, perhaps above 250K, on Friday. Divergences are in the monetary policy field but also in the economic situation.
US economy is growing faster than the Eurozone; in this scenary, the Dollar will have more room for gains than the Euro.
However, market was expecting that forecast would be more adjusted, but besides inflation, everything remained unchanged. So the existing monetary policy divergences remain in play and it won't change anytime soon. ECB is still here to buy bunds and to print euros and it is pushing the Euro lower.
Nonfarm payrolls above 200K, perhaps above 250K
Regaring Nonfarm Payrolls, Elam comments that United States will have another nonfarm payrolls above 200K, perhaps above 250K, on Friday. Divergences are in the monetary policy field but also in the economic situation.
US economy is growing faster than the Eurozone; in this scenary, the Dollar will have more room for gains than the Euro.
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