SEP 9, 2021
- QE tapering unlikely to happen
- ECB may start tapering discussion
- Straddle pattern in EUR/GBP (D1)
Chart 1: EUR/GBP D1 chart
The European Central Bank (ECB) will be announcing its monetary policy decision today. With the Delta variant still posing a threat to public health in the eurozone, it is unlikely that the central bank will be tapering its Pandemic Emergency Purchase Programme (PEPP) that soon. Although eurozone inflation has risen to a 10-year high recently, the ECB is likely going to downplay it, claiming it to be transitory. Hence, it is also unlikely that the central bank will be tapering its Asset Purchase Programme (APP).
Nevertheless, the central bank may start its discussion on future tapering of the PEPP or APP. This creates potential volatility in EUR/GBP for breakout trading opportunities after having trading within a 70 pips range for more than two weeks.
Trade Setup for EUR/GBP (D1)
Buy Stop at 0.8630
Sell Stop at 0.8530
Upcoming major news that may impact price movement of EUR/GBP
09 September – European Central Bank monetary policy meeting at 1945 (GMT+8)
09 September – European Central Bank press conference at 2030 (GMT+8)
10 September – European Central Bank President Lagarde speaking at 1730 (GMT+8)
14 September – UK employment data release at 1400 (GMT+8)
15 September – UK CPI y/y data release at 1400 (GMT+8)
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
