The European Central Bank left policy rates unchanged earlier, inline with market expectations, with the September meeting, and updated staff projections, now key.
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.05% 🇨🇭CHF: -0.0...ECB interest ratesWith Europe now approaching their holiday season, the quarterly ECB staff macroeconomics projections at the September 12th meeting will become key.system and European Central Bank staff develop comprehensive macroeconomic projections for both the euro area and the global economy.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
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