Draghi could up the ante on QE - Yohay Elam

By FXstreet.com | August 07, 2014 AAA

FXStreet (Łódź) - Yohay Elam, Analyst at Forex Crunch, doesn't see any ECB action today, as the impact of the measures introduced by the central bank in June hasn't become evident yet.



Key quotes



"Draghi could up the ante on QE, giving the notion that this is not a theoretical idea but rather a policy that could be implemented later in the year."



"This could push the euro lower."



"On the other hand, he could note that measures are beginning to reach the real economy and that more patience is needed."



"After the Bundesbank talked about wage hikes in Germany, this topic could be raised by reporters, but Draghi is unlikely to dive into it."



"All in all, Draghi would probably want to convey a message of confidence in the ECB's measures while having a weaker euro after this press conference. That may be hard, but not impossible."



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center