Draghi Shoots Down Taper Talk

Special report: ECB Preview – Three Scenarios

The ECB decision is due in just a bit in this will be the primary focus in Thursday trade. While there is no change expected to monetary policy, the market will be anxious to see which way the central bank leans, particularly at a time when the Fed could be on the verge of hiking rates.

Next 24 hours: Draghi Shoots Down Taper Talk

Initially, the Euro saw a spike after Draghi said an extension to QE had not been discussed, but this rally didn't last more than a fleeting moment given the comments relating to no taper discussion and comments that an abrupt end to QE was not on the cards. UK public finances, Canada retail sales and Canada CPI stand out Friday.

Global FX Insights Next 24 hours   LMAX Exchange  

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