According to Tim Riddell, senior market strategist at Westpac, in the Eurozone, pronounced weakening of data has been evident into Q1 19 and highlights the problems that ECB now face after they called a halt to their APP/QE at the end of 2018. Key Quotes “Markets have been discussing the likelihood of ECB renewing TLROs/LTROs at its 7 March Governing Council meeting when it receives updates to staff forecasts.” “The slide in EUR/USD from its early February tests of 1.15 have reflected the weakening of regional data and has brought EUR to the bottom of its recent ranges. At the same time, Westpac’s Eurozone data pulse and positive surprise indices have actually shown potential to rebound.” “The region faces further problems during H1 19 as political tensions start to build (snap Spanish elections, Brexit, French social unrest, Italian politics) in front of the May EU parliamentary vote.” “After EUR’s recent slide, any data improvements, given negative expectations, could give rise to a squeeze through its recent range. However, such rebounds are likely to be short-lived.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF stays quiet below 1.0100 ahead of US data FX Street 3 years According to Tim Riddell, senior market strategist at Westpac, in the Eurozone, pronounced weakening of data has been evident into Q1 19 and highlights the problems that ECB now face after they called a halt to their APP/QE at the end of 2018. Key Quotes "Markets have been discussing the likelihood of ECB renewing TLROs/LTROs at its 7 March Governing Council meeting when it receives updates to staff forecasts." "The slide in EUR/USD from its early February tests of 1.15 have reflected the weakening of regional data and has brought EUR to the bottom of its recent ranges. At the… 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.
