There really is only one game in town tonight and that is the ECB meeting at 21:45 and Mario Draghi's press conference at 22:30
Chris Weston
Pepperstone
There really is only one game in town tonight and that is the ECB meeting at 21:45 and Mario Draghi's press conference at 22:30. It is the most anticipated central bank meeting of the year and it's hard to believe there will be another with so many permutations and scenarios that could really throw so many asset classes around. Recent data has been weak, so the ECB should cut its various interest rates, including pushing the deposit rate (the rate it charges banks to hold funds on its balance sheet) to a negative number. There are other measures which I have detailed in my playbook ((VIEW LINK), so it promises to be a lesson in positioning and understanding exactly what is priced in. Will the ECB surprise the market? There seems to be a growing scepticism that the bank will meet the markets high expectations.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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