Euro Crosses and Risk Sensitive Pairs Positioned for ECB Reaction
Doubt arose for the EURUSD as well as risk trends almost immediately after the EU announced their open-ended rescue programs last week. However, skepticism has yet to translate into selling likely because market participants were waiting to see if the ECB would supplement the effort with their own stimulus push at the upcoming policy meeting. Given the importance of the Euro Zone's financial stability and crumbling promises in European rescue efforts that lack details for implementation, the trade potential is palpable. In today's video, we discuss the scenarios for the ECB rate decision in terms of how it could affect the euro and risk trends.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.