The ECB decision is at 1145 GMT (12:45 London), but it's a foregone conclusion that interest rates won't change. Instead, focus on messaging and press conference 45 mins later.
Focus on any rewording of the calendar guidance. Draghi is in a tough spot as he tries to retain an upbeat stance on the economy and keep a rate hike at this time next year on the table without driving the euro excessively higher. In the past he has been a masterful messenger, but the tweaking and messaging has gotten so precise that he finds himself in a near-impossible spot with a high risk of sending the wrong signal. If he can navigate the choppy waters, the underlying bias may be toward euro strength in the day ahead if Juncker's deal isn't picked apart.
Jul 30, 2019 18:17 | by Ashraf LaidiThe Daily DAX30 chart below may appear confusing at first, but it's worth taking some time to find the “clarity”.
Mar 14, 2019 11:48 | by Ashraf LaidiAshraf Laidi of Intermarket Strategy, returns to Real Vision to analyze the historical cycles in the British pound and to discuss the fundamental backdrop & news regarding Brexit, runs...
Feb 12, 2019 11:40 | by Ashraf LaidiShare price performance of all publicly traded Forex firms is clearly down since the summer on a combination of plummeting traders' interest in cryptocurrencies and a tightening of European...