- EURUSD is virtually guaranteed a breakout between 85 pip range and highest expected volatility in 2 years
- The ECB rate decision is heavily expected to increase accommodation but there are a variety of options
- Between rate cuts, unorthodox stimulus and other options; we discuss the different scenarios for impact
Join Christopher Vecchio as he covers the ECB rate decision live. Sign up for email reminders for this and other live webinars on the DailyFX Webinar Calendar.
Following its May meeting where the ECB left policy unchanged, the Euro tumbled. Heading into this meeting the market is heavy speculating on rate cuts and stimulus. Expectations of a significant market response for the single currency and EURUSD are exceptionally high. For traders, the important question is: how severe and drawn-out the impact of this event will be on on the European currency and capital markets. That depends on the options chosen. In today's Strategy Video, we look at the market's expectation for extreme short-term volatility, the scenarios available to the ECB and market impact expected amid the different outcomes.
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