ECB to release more details on QE? - BTMU

By FXstreet.com | Updated 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".



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center