EUR/USD has been drifting lower after rising beforehand. The ECB meeting is next. What can we expect? Here is their view, courtesy of eFXdata: SEB Research discusses the expectations around this week’s ECB July policy meeting. “The upcoming ECB Governing Council meeting on July 25-26 is an inter-quarter meeting (no updated staff projections) and also the last one before the summer break. Since the ECB has already laid out the policy path for the remainder of 2018 and the larger part of next year at its latest meeting on June 14 we expect the July meeting to be a non-event,” SEB notes “We expect no reaction whatsoever by financial markets to the meeting outcome. Market participant should instead set their sights on the ECB’s first meeting after its summer recess on Sep 13, at which the Central bank will present updated staff projections for growth and inflation. More important, however, policy makers will then need to confirm their stated intention to reduce the pace of QE from its current € 30bn to € 15 bn per month at the beginning of October,” SEB adds. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next GBP: A Lot Of Negativity Now In The Price – Barclays Yohay Elam 5 years EUR/USD has been drifting lower after rising beforehand. The ECB meeting is next. What can we expect? Here is their view, courtesy of eFXdata: SEB Research discusses the expectations around this week's ECB July policy meeting. "The upcoming ECB Governing Council meeting on July 25-26 is an inter-quarter meeting (no updated staff projections) and also the last one before the summer break. Since the ECB has already laid out the policy path for the remainder of 2018 and the larger part of next year at its latest meeting on June 14 we expect the July meeting to be a non-event,"… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
