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Fed v ECB: Divided in December - what this means for EURUSD

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This week the European Central Bank is expected to expand its easing policies; with a cut in the deposit rate and possibly an extension of the QE asset purchasing programme beyond the current end date of September 2016 into 2017.

While the ECB continues with policies aimed at weakening the Euro and boosting inflation, the US Federal Reserve is expected to hike rates. This divergence in December is already having a major effect on trading and markets. 

Saxo Bank's Head of Macro Strategy Mads Koefoed explains how he is positioning his portfolio ahead of the actual announcement from the ECB President Mario Draghi this week.