Investors remain pessimistic as a result of the Fed's protocols and the upcoming ECB report. A better economic environment, both in Europe and the United States, has led the two central banks to take a stricter monetary policy. Against the backdrop of the Fed's strong monetary policy, economists believe the ECB will go the same way. EUR marks a terse rise for the day, while European indices are trading close to opening levels.
Expectations for the ECB report at 14:30 today are positive for the euro, as ECB members will most likely confirm strong economic growth and their revised forecasts for better for 2018 and 2019. The report may also have some concerns about the upcoming Italian elections, but not to the point of changing the overall sentiment.
EUR/USD is currently gaining 0.10%, while the DAX30 and other European benchmarks are declining. Stockflows in stocks remain negative, and we expect them to remain so until the end of the session, mainly due to Hawkish sentiment among central banks.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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