News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/ZhOghytxzz
  • 🇬🇧 Core Inflation Rate YoY (DEC) Actual: 1.4% Expected: 1.3% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • 🇬🇧 Inflation Rate MoM (DEC) Actual: 0.3% Expected: 0.2% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • 🇬🇧 Inflation Rate YoY (DEC) Actual: 0.6% Expected: 0.5% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-01-20
  • RT @FxWestwater: #NaturalGas Outlook: US Prices Sink Despite Global Supply Disruptions Link: https://www.dailyfx.com/forex/market_alert/2021/01/20/Natural-Gas-Outlook-US-Prices-Sink-Despite-Global-Supply-Disruptions.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/t95eI6fu…
  • Heads Up:🇬🇧 Inflation Rate MoM (DEC) due at 07:00 GMT (15min) Expected: 0.2% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Heads Up:🇬🇧 Inflation Rate YoY (DEC) due at 07:00 GMT (15min) Expected: 0.5% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Heads Up:🇬🇧 Core Inflation Rate YoY (DEC) due at 07:00 GMT (15min) Expected: 1.3% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/LqAfNPnzSN
  • Alibaba's share price surged 8.8% after its founder Jack Ma reappeared after months out of public view. - BABA (+8.8%) - Tencent (+3.36%) - Meituan (+8.04%) - Xiaomi (+1.75%)
Euro May Fall if ECB Meeting Minutes Omit Talk of Tapering QE

Euro May Fall if ECB Meeting Minutes Omit Talk of Tapering QE

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro may fall if ECB meeting minutes omit talk of tapering QE
  • Japanese Yen higher as risk appetite struggles in Asian trade
  • US Dollar down an political concerns, timid FOMC minutes

The European economic data docket is relatively quiet, with ECB policy meeting minutes amounting to the only bit of noteworthy scheduled event risk. The document may prove market-moving for what is absent from its pages rather than what is contained therein.

The central bank signaled that President Mario Draghi would not delve into plans to taper QE asset purchases in a speech at the Jackson Hole Symposium this month. That conversation will have to wait until September’s formal policy announcement and so might be conspicuously missing in today’s release.

Hopes for near-term ECB stimulus withdrawal are seemingly still swirling around the financial markets despite a recent downturn in headline inflation. That means the apparent absence of substantive debate on the matter at July’s Governing Council conclave might be seen as disappointing, hurting the Euro.

The Japanese Yen outperformed in Asian trade as most regional stock exchanges weakened, offering support to the perennially anti-risk currency. The US Dollar traded broadly lower, extending earlier losses in the wake of worrying headlines from Washington DC and minutes from July’s FOMC meeting.

What is the #1 mistake that FX traders make, and how do you fix it? Find out here!

Asia Session

Euro May Fall if ECB Meeting Minutes Omit Talk of Tapering QE

European Session

Euro May Fall if ECB Meeting Minutes Omit Talk of Tapering QE

** All times listed in GMT. See the full DailyFX economic calendar here.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES