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. GBP/USD recovering from Asian lows
    Forex News

    GBP/USD recovering from Asian lows

  2. USD/JPY mellow on the back of USD sell-off
    Forex News

    USD/JPY mellow on the back of USD sell-off

  3. Dollar Cheered in Press, But Data and Fed Chatter Turning
    Forex News

    Dollar Cheered in Press, But Data and Fed Chatter Turning

  4. EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation
    Forex News

    EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation

  5. US Dollar Technical Analysis: Is a Pullback in the Cards?
    Forex News

    US Dollar Technical Analysis: Is a Pullback in the Cards?

Trading Center