EUR/USD Short Possibility
Updated
Draghi is expected to confirm its firm path of monetary policy normalization by confirming this December as the end of its asset purchasing program.
However, recent Eurozone data has continued to disappoint and underlying inflation have not been picking up.
Meanwhile the Italian budget crisis continues to add uncertainty over the overall outlook.
We will be paying close attention if the ECB has any growing concerns over the Eurozone economy as well as Italy’s situation.
The Euro could further weaken as a results of the cloud of uncertainty over Italy’s budget situation and the slowing of the Euro economic outlook.
Look for trades aligned towards continual Euro weakness.
However, recent Eurozone data has continued to disappoint and underlying inflation have not been picking up.
Meanwhile the Italian budget crisis continues to add uncertainty over the overall outlook.
We will be paying close attention if the ECB has any growing concerns over the Eurozone economy as well as Italy’s situation.
The Euro could further weaken as a results of the cloud of uncertainty over Italy’s budget situation and the slowing of the Euro economic outlook.
Look for trades aligned towards continual Euro weakness.
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Please take note that this is a short idea, input a long coloration in error.
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