Originally updated: 07:04
Current Price: 1.1581
Currency Pair: EUR/USD
Sentiment: **Bearish
Market focus:
Our focus today is on the EUR/USD
Fundamentals:
All eyes are on the ECB press conference later today where ECB President Mario Draghi will be closely watched by investors to assess his next move, with many thinking he will launch a QE program (Rumoured at €50 bn a month). **If Draghi does not step up to the plate as many are anticipating, we could see the euro rally as expectations of this QE program have largely been priced in the decline in the EUR/USD. The main point to watch for will be the actual size of the programme.
Technicals:
None at present. This move is likely going to happen very quickly so technical levels will depend on what is said. For now we remain on the sidelines with a ‘wait and see’ approach.
Current Price: 1.1581
Currency Pair: EUR/USD
Sentiment: **Bearish
Market focus:
Our focus today is on the EUR/USD
Fundamentals:
All eyes are on the ECB press conference later today where ECB President Mario Draghi will be closely watched by investors to assess his next move, with many thinking he will launch a QE program (Rumoured at €50 bn a month). **If Draghi does not step up to the plate as many are anticipating, we could see the euro rally as expectations of this QE program have largely been priced in the decline in the EUR/USD. The main point to watch for will be the actual size of the programme.
Technicals:
None at present. This move is likely going to happen very quickly so technical levels will depend on what is said. For now we remain on the sidelines with a ‘wait and see’ approach.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
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