Big decision for Mario Draghi at the ECB. How will his speech affect the Euro?
Could this be the beginning of QT? To end bond buying right now may be the wrong decision. It could cause the Euro to strengthen dramatically and the European indices to tank! The ECB may lose face if they decide to delay this move. To us it makes no sense to stop accommodating monetary policy right now.
Or will Draghi play it down as there is so much global political turmoil and European indices have suffered all year.
But does the ECB have a choice? Have they run out of Bonds to buy?
Will this strengthen the Euro?
Answers to all these questions can be found here at Forex Trust Club.