Todays Price Action In The FX Markets
EURUSD and GBPUSD
Big day for the two with the ECB and BoE meetings
This was my preview before the event-
ECB Preview
* All policy change effected in the year so far, so no more expected in the foreseeable future.
* Next move will be to signal an end to the APP program, which is set to run until Sep 2018 at a reduced Eur30bln, but remains open ended as yet.
* ECB staff projections will likely be revised higher on growth, echoing the optimism reflected in the rhetoric among the governing council members.
* Revisions to inflation may also be modestly revised up, but is unlikely to elicit much of a response from the market given the general malaise seen globally.
Big day for the two with the ECB and BoE meetings
This was my preview before the event-
ECB Preview
* All policy change effected in the year so far, so no more expected in the foreseeable future.
* Next move will be to signal an end to the APP program, which is set to run until Sep 2018 at a reduced Eur30bln, but remains open ended as yet.
* ECB staff projections will likely be revised higher on growth, echoing the optimism reflected in the rhetoric among the governing council members.
* Revisions to inflation may also be modestly revised up, but is unlikely to elicit much of a response from the market given the general malaise seen globally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.