Euro Bulls Let Down by Dovish ECB

Special report: ECB Preview – Taking it Easy

The ECB is widely expected to maintain its current policy stance with respect to rates, asset purchases and forward guidance. While we could be moving in the direction of QE exit, the central bank will likely err on the side of caution, leaving itself some more time to assess the balance of risk.

Next 24 hours: Euro Bulls Let Down by Dovish ECB

In our special report on the ECB decision earlier today, we had warned the central bank would err on the dovish side, unlikely to satisfy the appetites of Euro bulls, despite signs of economic recovery and diminished structural risk from EU positive political developments. And indeed that is exactly how it played out.

Global FX Insights Next 24 hours   LMAX Exchange  

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