Dovish messaging from the ECB chief economist | 27 نوفمبر 2020

EURUSD trading plan:

Dovish messaging from the European Central Bank's chief economist and the minutes from last month's meeting provided further confirmation of widely expected stimulus at its December gathering. The central bank's minutes from its October meeting showed policymakers agreed they could not afford to seem complacent during the second wave of the coronavirus, opting instead to lay the groundwork for more stimulus. The ECB's chief economist Philip Lane had also warned that tolerating "a longer phase of even lower inflation" would hurt consumption and investment as well as cementing expectations for low price growth in the future. This is a negative signal for the Euro.

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