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If Mario can't move the euro no one cans, so lets hope he will put a stop to the current never ending ranging EUR/USD market. Let's be honest here EUR/USD has been a pain over the last few months as it has been moving back and forth. We still have to answer one important question on how EUR/USD will move based on whatever the monetary policy may be.
One thing I'm sure of is that they aren't going to expand their easing program at least not before Fed does a move first, with normalizing interest rates. Now, I don't want to get into the details of why cause I'll have to write an entire article, sufficient is to say that even though they won't upgrade the monetary policy we still got a change for a dovish stance, depending how bad ECB wants its currency to depreciate.
My guess is that we should wait for the ECB conference until euro will start reveal itself, and in the meantime we can always get into the ZONE and by in sync with the markets by listening to the track of the day
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Best Regards,
Daytrader21
One thing I'm sure of is that they aren't going to expand their easing program at least not before Fed does a move first, with normalizing interest rates. Now, I don't want to get into the details of why cause I'll have to write an entire article, sufficient is to say that even though they won't upgrade the monetary policy we still got a change for a dovish stance, depending how bad ECB wants its currency to depreciate.
My guess is that we should wait for the ECB conference until euro will start reveal itself, and in the meantime we can always get into the ZONE and by in sync with the markets by listening to the track of the day
:Best Regards,
Daytrader21
