EURO PRICE VOLATILITY HEIGHTENED AROUND ECB MEETINGSEURUSD, EURJPY, EURGBP, EURAUD, EURCAD and EURCHF are likely to expertise hei
EURO PRICE VOLATILITY HEIGHTENED AROUND ECB MEETINGS
- EURUSD, EURJPY, EURGBP, EURAUD, EURCAD and EURCHF are likely to expertise heightened volatility round European Central Financial institution (ECB) conferences
- Euro worth motion surrounding high-impact occasion threat like ECB fee choices warrants additional prudence by foreign exchange merchants
- Take a look at the IG Client Sentiment Report for real-time perception on EUR foreign exchange dealer positioning
Bigger than regular gyrations in spot EUR costs round ECB financial coverage updates needs to be anticipated by foreign exchange merchants in keeping with knowledge pulled on main Euro foreign money pairs from January 2013 to September 2019. A statistical evaluation on Euro worth motion over the 24-hours earlier than and after the discharge of ECB fee choices reveals that EURUSD, EURJPY, EURGBP, EURAUD, EURCAD and EURCHF are likely to expertise sizable swings in efficiency when in comparison with non-ECB assembly buying and selling days. Although mouthwatering for volatility fiends, comparatively elevated measures of volatility is broadly indicative the extent of threat is working above common.
Check out the DailyFX Central Bank Calendarfor scheduled ECB conferences and upcoming rate of interest choices from different main central banks.
EURO PRICE VOLATILITY AROUND ECB MEETINGS
The desk above exhibits absolutely the worth (i.e. +/-) median change in spot EUR costs surrounding an ECB assembly, which is…