Forex: ECB's gone firefighting. Review as of 04.02.2022

Central banks are like firefighters who save economies from fire.

Lagarde's hawkish surprise woke EURUSD up

In the first week of February, even those central banks that didn't plan to normalize monetary policy finally woke up. If the Reserve Bank of Australia's QE withdrawal didn't particularly surprise the markets, the ECB's wake-up was quite a shock. 

Indeed, central banks can be compared to firefighters. They used to try arriving on a fire scene before a fire flared up. These days, some of them are late to come, and some of them do not react to SOS signals at all, like… Read full author’s opinion and review in blog of #LiteForex