#EURUSD @ 1.09840 ECB: Two scenarios and its implications for – TDS
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at TD Securities discuss the European Central Bank (ECB) interest rate decision and its implications for the EUR/USD pair.
“Core policies will see copy/paste from December decision. We expect the tone of the press conference to be relatively hawkish. President Lagarde is likely to repeat that 50 bps hikes are on the table for March and possibly May. While market pricing for terminal has moved up this week, she may still encourage it to move higher from here. EUR/USD +0.20%.”
“Core policies will see copy/paste from December decision. President Lagarde rows back on committing to a string of 50 bps hikes. She says that declines in headline inflation in recent months mean a further 50 bps is possible in March, but it’s not clear it will be needed then, or beyond that. She doesn’t comment on market pricing for terminal. EUR/USD -1.00%.”
See – ECB Preview: Forecasts from 14 major banks, another 50 bps hike
[/s2If]
Join Our Telegram Group
