FXStreet (Guatemala) - Analysts at Raboabank said that expectations regarding the course of ECB policy are in the process of being overhauled.



Key Quotes:



“Last Friday’s remarks from ECB President at Jackson Hole have raised the odds of the ECB eventually announced QE”.



“While we expect it is too early to see such a policy change at next week’s meeting, we see some form of intermediate policy action as being possible quite soon; preparations for an ABS purchase program may be complete as early as October”.



“The tone of the ECB committee and its commitment to further policy actions will, of course, be data dependent. For this reason the EUR is likely to be very vulnerable on a weak August Eurozone CPI reading which is due tomorrow and expected at just 0.3% y/y”.



“We expect EUR/USD to trend towards 1.28 and below medium-term and favour selling EUR/USD on rallies”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    A Fundamental Push for Key EURUSD, GBPUSD and USDJPY Levels?

  2. Forex News

    EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

  3. Forex News

    Holiday Conditions and Record Equities Remind of Bigger Liquidity Risks

  4. Forex News

    Greek optimism hitting brick wall - BBH

  5. Forex News

    EUR/USD re-focused on 1.1000

Trading Center