BIG Moves Across the EURO predicted today!!!
- Mario Draghi, outgoing ECB President, faces one of the most critical policy meetings of his European Central Bank presidency. He prepares to boost up monetary stimulus again to help support a weakening European economy;
- Trade wars and Brexit have forced the ECB to shift from holding off any further rate cuts to cutting interest rates; slowing growth and low inflation seen as reasons to support cutting EUR interest rates deeper below zero;
- Euro deposit rate expected to be cut to -0.5% today and cut further in December to -0.6%, low deposit rates to drive cash out of banks and into higher yielding investments like stock markets and private businesses to boost growth across the Eurozone;
- Trade alerts for: EUR/USD; EUR/JPY; EUR/GBP; DAX; Eurostoxx 50 index
Source: FXGM/Bloomberg