It is possible that the ECB could sound more hawkish than at the previous meeting. But how will December ECB Press Conference Impact EUR? Let’s now discuss this without further ado, using a video analysis.
14 December, HotForex – The ECB, in particular, could sound more hawkish than at the last meeting as council members are increasingly divided over Draghi’s open-ended QE policy amid signs of capacity constraints in the economy. Data releases include preliminary Eurozone PMI readings for December, U.K. retail sales, as well as final November inflation data for a number of Eurozone countries.
EU heads of states will start to gather for the start of the summit that is hoped to finally pave the way for talks and trade and transition agreements with the U.K.
How will December ECB Press Conference Impact EUR? (+video)
FED Outlook Sinks USD – BOE & ECB to come – EURUSD extended to a six-session high of 1.1844 in early Asia dealings before settling around 1.1825. Focus now squares on the ECB’s policy announcement today, which will be accompanied by updated economic projections.
Even if the central bank’s president, Draghi, refrains from committing to an end date for the QE program, growth and inflation projections are likely to be upwardly revised, which could provide some added fodder to EURUSD bulls.
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