IronFX Daily Commentary by Charalambos Pissouros | 21/10/2016
October 21, 2016 8:47 am
ECB’s Draghi: We will talk in December • The ECB kept its stimulus program unchanged as was widely expected. • Main message from Draghi was the ECB will wait until Dec. before doing anything. • EUR/USD surged when he said they did not discuss an extension of QE (not yet). • But it fell back to trade lower overall, after he said the Bloomberg tapering story came from “uninformed sources”. • EUR could remain under selling interest for a while, on speculation the ECB will extend the duration of its QE program in Dec.
Today’s indicators: • Eurozone: Prel. consumer confidence index for Oct. Usually not a market mover. • Canada: CPI data for Sep. Headline rate is exp. to rise, core rate to remain unchanged. This could prove CAD-positive. • Speakers: BoJ Governor Haruhiko Kuroda and Fed Board Governor Daniel Tarullo.
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ECB’s Draghi: We will talk in December
• The ECB kept its stimulus program unchanged as was widely expected.
• Main message from Draghi was the ECB will wait until Dec. before doing anything.
• EUR/USD surged when he said they did not discuss an extension of QE (not yet).
• But it fell back to trade lower overall, after he said the Bloomberg tapering story came from “uninformed sources”.
• EUR could remain under selling interest for a while, on speculation the ECB will extend the duration of its QE program in Dec.
Today’s indicators:
• Eurozone: Prel. consumer confidence index for Oct. Usually not a market mover.
• Canada: CPI data for Sep. Headline rate is exp. to rise, core rate to remain unchanged. This could prove CAD-positive.
• Speakers: BoJ Governor Haruhiko Kuroda and Fed Board Governor Daniel Tarullo.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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