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ECB Optimistic But Cautious

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The euro rose to a day’s high on Thursday shortly after the European Central Bank (ECB) released minutes of its January meeting.The currency hit $1.23085 at around 12:30 p.m. London time (7:30 a.m. ET) but it eased some of that strength a few minutes later.ECB minutes showed that inflation, the most important economic indicator at the central bank, is set to finally rise. As a result, some market participants briefly interpreted that as an indicator that monetary stimulus will come to an end earlier than previously thought.

Source: European Central Bank leaves policy on hold, inflation set to rise – CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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