EURUSD Medium term
USD +++
Assuming a June hike
3 or 4 hikes for 2017 still on the table
Potential balance sheet reduction
EUR +
Knee-jerk reaction to confirmation of end of QE
Actual won't happen until 2018
Unlikely to hike interest rates
Result Medium term: Sell
USD +++
Assuming a June hike
3 or 4 hikes for 2017 still on the table
Potential balance sheet reduction
EUR +
Knee-jerk reaction to confirmation of end of QE
Actual won't happen until 2018
Unlikely to hike interest rates
Result Medium term: Sell