EURUSD Bear going to catch and eat a Bull fish tonight..!!??
Updated
We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility rather then EURUSD. Today but it's a special day for European currency as we all know there is rate decision which is yet to see.
On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon.
Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came.
This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon.
Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came.
This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
Note
Boris Johnson to make fresh push for general election, according to reportsNote
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