β#ForexChief #ECB #forexnews #Eurozone #worldnews #forexmarket #BOE #EuroQE #Lagarde #ChancellorScholz #Bundesbankβ
πͺπΊ Europe gets interesting β
π Political tensions in Europe are growing along with energy prices. β
Let's remind two hot spots: Back in September, the head of the ECB Lagarde said that the change in monetary policy depends on the final forecasts of the ECB and the decision will be made no earlier than December. This means that at tomorrow's ECB meeting, the issues of reforming the PEPP program and the parameters of the EuroQE will be discussed in a neutral tone. Only Lagarde's press conference is of interest.
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The market's reaction is possible if something new about inflation appears in the rhetoric of the head of the ECB. If Lady Christine confirms that the risk of a prolonged rise in inflation is increasing, then the euro could make a medium-term leap up by 1.5-2 figures.
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If Lagarde rejects the likelihood of a stronger rise in inflation and the need for an earlier tightening of ECB policy, then the euro will adjust downward.
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The political coalition in Germany will appear no earlier than the second half of November, and the appointment of the new German Chancellor Scholz is possible after December 1. The new parliamentarians have appointed Berbel Bas, who has no economic education and is a health expert, as the head of the Bundesbank.
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Now the dynamics of the euro depends on what will be written in the coalition agreement in the investment section. Europe must understand where Germany intends to get money for its projects and what sums it is ready to allocate to strengthen the Eurozone.
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So we listen to everyone attentively and do not risk in vain.
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Profits to yβall!