EUR: ECB meeting largely a non-event - ING
|Viraj Patel, Foreign Exchange Strategist at ING, suggests that there is a small matter of the Dec ECB meeting to deal with (Thu), which should be a non-event for the EUR – especially as the QE taper plans have now been unveiled.
Key Quotes
“Some attention may be paid to the ECB's longer-run forecasts (which will include the 2020 outlook). But we note that the next big thing will be the moment when markets start to position for higher ECB deposit rates; this is not priced in yet, but for us is a summer 2018 story that takes EUR/USD to 1.25.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.