"Thu Aug 17 04:30:00 2017
0830 GMT - ING sees EUR/USD going back to $1.15 after the Jackson Hole symposium next week as the European Central Bank could show more signs of caution and the market is sensitive to monetary policy. "Less aggressive expectations over the timing and pace of quantitative easing tapering chimes with our message that EUR/USD will first move lower before moving higher," says ING. Euro bulls have been pricing in a bond-buying tapering way too early, according to ING. Investors will be watching for clues on whether the ECB is concerned about premature policy tightening in the latest meeting's minutes, due Thursday. EUR/USD is down 0.25% at $1.1739."([email protected])
(END) Dow Jones Newswires
August 17, 2017 04:30 ET (08:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
0830 GMT - ING sees EUR/USD going back to $1.15 after the Jackson Hole symposium next week as the European Central Bank could show more signs of caution and the market is sensitive to monetary policy. "Less aggressive expectations over the timing and pace of quantitative easing tapering chimes with our message that EUR/USD will first move lower before moving higher," says ING. Euro bulls have been pricing in a bond-buying tapering way too early, according to ING. Investors will be watching for clues on whether the ECB is concerned about premature policy tightening in the latest meeting's minutes, due Thursday. EUR/USD is down 0.25% at $1.1739."([email protected])
(END) Dow Jones Newswires
August 17, 2017 04:30 ET (08:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
The blue box should be good for 15 pips before a new low {image}