Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Squawk / 19 January 2017 at 13:45 GMT
Head of FX Strategy / Saxo Bank
ECB meeting: Draghi is checking all of the dovish boxes in the opening statement at his press conference, as he suggests that the risks remain to the downside on economic growth, that the inflation outlook is subdued, with no convincing upward trend in underlying inflation. At the same time, Mr. Draghi emphasized that the QE programme can be expanded if necessary. Together with some strong US data released at the same time that Mr. Draghi's press conference got under way, the EURUSD is dropping, though we are seeing isolated euro weakness elsewhere as well. At the end of the day, a close below about 1.0600 in EURUSD (and no disruption from Trump's taking office tomorrow) begin to offer a ray of light for the bears, with ongoing uncertainty otherwise.
Juhani Huopainen Juhani Huopainen
USDJPY breaking higher from today's range probably also driving EURUSD and risk assets. USDJPY's January downward-sloping trend channel in jeopardy - last, final barrier is the 114.20-level.

Overall, Draghi does very good work at the dove bingo. "In fact, tapering was not discussed even in the current meeting" and "tapering would require deep and careful analysis".
Juhani Huopainen Juhani Huopainen
After May's "positive surprise", we now have "Draghi positive surprise". Tomorrow there will be a "Trump positive surprise".

After that, the surprise indices both on the data- and sentiment front are so high that next week could turn out to be interesting. The surprise well is almost drained.
bvlaerhoven bvlaerhoven
Draghi coming out as dovish as he can today. Fear for a Trump-inspired USD selloff (carried further by positioning) clearly on his agenda.


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