A Weaker CAD As Market Awaits ECB Action

//A Weaker CAD As Market Awaits ECB Action

I perceive the study of forex price action as the art to read all the information the market has agreed to price in at any particular point in time, which is why after witnessing the 3rd narrowest range in the EUR/USD history, the first thought that came to mind is that the market is done and locked in its opinion that ECB’s Draghi will over-deliver this week. The market verdict, through recent price action in the EUR, is that the deterioration of macros in the EZ justify imminent easing action by the ECB. But it won’t be until Thursday’s high-stakes meeting that the ECB will shed some light on whether the resumption of … (full story)