SaxoTV

Hardy: ECB about to make 'concrete' statement - EURUSD reacting

817 views
December 03, 2014 ecb, ecb action, ecb balance sheet, ecb council, ecb draghi, ecb euro, ecb inflation target, ecb meeting, ecb news, ecb policy, ecb rate, ecb rate cut, ecb rate decision, ecb rate decision interest rates, ecb rates, ecb rates decision, ecb stress, eur, eurgbp, eurjpy, euro, euro area, euro crisis, euro dollar, euro strength, euro zone, eurocrisis, eurodebt, eurodollar, europa, europe, european, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, fed, fed chairman, fed chairwoman, fed meeting, fed news, fed stimulus, fed taper, fed tapering, federal, federal government, federal policy meeting, federal reserve, federal reserve rate hikes, federalreserve, fx, fx audusd, fx award, fx changes, fx chart, fx crosses, fx dealing, fx dollar swiss, fx eurgbp, fx eurjpy, fx eurusd, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx levels, fx market, fx markets, fx options, fx outlook, fx pairs, fx pound, fx rates, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx tradersfx, fx trades, fx trading, fx tradinging, fx trends, fx usdchf, fx usdjpy, fx volatility, fx volatitily, fx vols, fx yen, fxallocationmodel, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, saxo tv, tradingfloor saxo bank, tradingfloor.com, usd, usd dollar index, usd eur, usd euro, usd index, usd jpy, usd strength, usda, usda report, usdaud, usdcad, usdcad trading, usdchf, usdchf bullish, usdcny, usdeur, usdgbp, usdgdp, usdjpy, usdjpy currency, usdrub, usdusd
The ECB will make a "concrete" announcement this week and introduce QE in January 2015, that's according to Saxo Bank's Head of FX Strategy John Hardy. John tracks the unusually early moves in EURUSD ahead of this week's ECB meeting. The central bank will move its meetings to a new schedule and John thinks this may be a factor causing weakness ahead of the event itself. Weak Eurozone PMIs this week have also set the negative tone.

Also, John looks at near-term trading in EURJPY with the expectation of the ECB taking on the 'baton' of QE from the Bank of Japan creating market opportunities.