Strategy Video: Euro Traders and European Investors Expect a Lot from the ECB
• At the last ECB gathering, Draghi said details of an asset purchase program would follow October's event
• The European policy authority's effort is also important to global risk trends with the Fed tightening
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Expectations are running high for the upcoming European Central Bank's policy gathering. And, when the market is this interested, volatility usually follows in an event's wake. At the ECB's last policy gathering in August, President Mario Draghi announced that they would follow in the footsteps of the Fed and Bank of Japan with an asset purchase program. However, details of this effort would be left until after the October meeting. Well, here we are. The ECB is in the spotlight and investors have clearly adjusted to the expected accommodation with a sharp decline in the Euro and resilience in the region's capital markets. Will the central bank live up to these expectations? What would a disappointment mean for a global financial system that seems to be facing a crisis of confidence? We discuss this in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.