Saxo Group Videos
Videos Channels Search

Hardy: Looking at EUR pairs ahead of ECB

How much will the European Central Bank do this Thursday, asks Saxo's John Hardy. He discusses what's on the table for ECB president Mario Draghi and whether he could surprise to the downside.


Hardy looks at euro pairs and says EURGBP is squeezing higher while EURUSD remains low. With eurodollar he says there could be either a significant move back higher above 1.06 or a collapse through 1.04. There is the possibility of seeing a run to parity, he says. EURUSD will remain in focus ahead of Friday's US nonfarm payrolls and the December 16th Federal Open Market Committee (FOMC) meeting. 

03:11 minutes
Tags: draghi, draghi ecb, ecb, ecb action, ecb draghi, ecb euro, ecb meeting, ecb news, ecb policy, ecb rate, ecb rate decision, ecb rates, economics, eur, eur usd, eurgbp, euro, euro area, euro dollar, euro zone, eurodollar, europe, european, european banks, european central bank, european central bank rate, european central banks, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, fomc, fomc meeting, fomc minutes, fomcmeeting, foreign exchange, forex, forex market, forex markets, forex trading, fx, fx market, fx markets, fx strategy, fx trade, fx trading, mario draghi, saxo, saxo bank, saxo tv, trading, tradingfloor.com

Switch to