The routine 6-week ECB (which totally slipped out of my mind) will be held in about an hour. But, no one expects any change in the monetary policy today, so this meeting is not something to be excited about.
However, the Draghster always surprises, so we better watch out for him. But what should we expect?
First of all, we must listen carefully to inflation comments. Yesterday, the Eurozone inflation report showed a massive jump, which is a continuation of what we have seen in the recent months.
The ECB will surely recognise the higher inflation, but they see this as sustainable or will they repeat the same wait-and-see comments? If we hear comments that the higher inflation seems sustainable, then that will be a hint for a tighter monetary policy pretty soon and Euro pairs will take off.
Speaking of monetary policy, I don´t think that they will announce a change this time. It will also be interesting to hear about Brexit and Trump as well.