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- EUR/USD: After ECB, in the hands of risk sentiment - Danske
EUR/USD: After ECB, in the hands of risk sentiment - Danske
eFXdata reports that analysts at Danske Research discuss EUR/USD outlook in the near term.
"For EUR/USD, the ECB meeting was largely uneventful. ECB gave guidance of the next re-calibration to take place at the December meeting, which was widely as expected. President Lagarde provided only highlights on how ECB thinks about the upcoming QE buying calibration, but fell short of commenting on what a moderation of purchases actually means in terms of numbers. There was a minor rally in EUR/USD on the initial press release, which was paired not too long after given Largarde's dovishly-hawkish comments."
"From here, we suspect EUR/USD will be in the hands of 1) relative equities (US vs Europe and value vs. growth in styles) and 2) general risk sentiment and especially so as Fed enters its silent-period on Saturday, ahead of the FOMC meeting in two weeks."
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