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Apr 08 - 02:55 PM

EUR: An ECB Pivot Would Anchor A Possible Low For EUR/USD; What's The Trade? - TD

By eFXdata  —  Apr 08 - 01:30 PM

TD Research discusses its expectations for next week's ECB policy meeting.

"The ECB is likely to announce that its APP programme will end in May, and prepare markets for a June rate hike," TD notes. 

"We continue to like EURUSD downside through the start of Q2 on a mix of drivers. An ECB pivot would anchor a possible low for EURUSD, though a break of the 1.12 high requires settlement on the US terminal rate pricing. That said, a more active ECB is likely to reinforce the lows in EURCHF and would favor buying EURGBP dips towards 0.83," TD adds.

Source:
TD Bank Research/Market Commentary

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