ECB to release more details on QE? - BTMU

By FXstreet.com | August 28, 2014 AAA

FXStreet (Guatemala) - FX Strategists at the Bank of Tokyo Mitsubishi UFJ suggested that a lot has been made of next week’s ECB meeting.



Key Quotes



“A lot has been made of next week’s ECB meeting after the Jackson Hole speech by President Draghi but the risk next week is that we see no additional monetary easing by the ECB”.



“The best we can hope for in our view is perhaps more concrete details on a QE program in the ABS market."



"Work is already being done on this as was announced in June and that could be the focus at next week’s meeting. The risk to our neutral view is further declines to the downside and one key risk is Russia."



"A further escalation there could hit risk assets and in current circumstances this would be a negative for the euro".



comments powered by Disqus
Related Forex Analysis
  1. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center