ECB meet today – Morning outlook 4th June
Welcome to this mornings outlook. We only have one significant news event due out today, that being the ECB meeting which will provide us with a decision and statement at 12:45. We then get the presidents press conference at 13:30.
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Hi mum thanks for the vid,was wondering wether today’s ecb stimulus announcement which was treated as positive by the euro is enough to push the euro up into tomorrow and for a few more days,even though the euro has been going up for few days? Thank limmo
I think it’s generally bullish yes but I can’t tell if we pullback soon as it’s getting pretty extended in the short term…
Correction,meant hi kym!
I have been called some things in my life! That made me laugh. I also had the opinion that the Euro is currently stretched. Traders liked the addition money added to the fiscal stimulus funds, the ECB have increased the PEPP program by 600B Euros, so help coming from both government and the central bank. We have to wait until next Wednesday to see what the FED Reserve does. If they sit on their hands we may see the dollar drop off further, allowing the Euro to continue.