ECB actions are priced in; expect short covering - FXStreet

FXStreet (London) - Speaking with Dale Pinkert in the FXStreet Live Analysis Room, Jamie Coleman of FXBeat offered his opinion on the coming ECB meeting.

Key Quotes

"The market is in sell the rumour and buy the fact currently market mode as ECB actions are mostly priced in."

"Expect a down movement in EUR/USD after the ECB announcement but regarding to short covering as it will pass much time after the next step."

Jun 3, 2014

Sell the rumour and buy the fact dynamic - FXStreet

Goncalo Moreira CMT, FXStreet Technical Analyst comments that on the FXStreet weekly Forecast Poll, participants holding bearish forecasts remain majority at 62.50% (down from 74%).

What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

The EUR/USD keeps treading water around the key 1.3600 handle on Tuesday while market participants expect the critical inflation figures in the euro area due later...