Note from Barclays on trading the EUR/USD on the European Central Bank meeting Thursday this week
This is via eFX
“An increasingly cautious Fed, coupled with an uncertain EM outlook,
has benefited the EUR recently, contributing to tighter euro area
financial conditions. Coupled with the recent drop in inflation
expectations, such tightening has significantly raised expectations for
additional ECB stimulus, making this week’s ECB meeting (Thursday) the
market’s key focus.