The whole world is worried about them bringing projections lower, which would be a trigger for rate cuts or QE.
- ECB June meeting important for further policy steps
- ECB bond purchase plan should focus on ABS
- ECB will take ‘closer look’ at June projections
This is a green light to buy euros. You don’t have to worry about anything but ECB jawboning until at least June and if inflation projections go higher, all that’s off the table.
As a trader, you might want to wait for better levels through, today is the fifth day of gains.
