It’s ECB-day in Euroland! – Danske Bank

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Edinburgh) - Kasper Kirkegaarr, Chief Analyst at Danske Bank, notes today’s ECB meeting will be the most relevant event in the euro bloc.



Key Quotes



“The main event is the ECB Governing Council meeting where we expect the ECB to remain on hold”.



“The meeting follows after the ECB announced a significant easing package followed by further details about these measures”.



“In light of this, we expect limited market impact from today’s meeting but Draghi should continue to have a dovish stance, as inflation has declined to a new cycle-low and as the latest activity data have been weak”.



“Expect Draghi to repeat that the ECB is committed to unconventional instruments but to also stress that it takes time before the impact of the June easing measures is seen”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Key events ahead for the week - Rabobank

  2. Forex News

    EUR/USD: Technicals support further gains - FXStreet

  3. Forex News

    Weekly Trading Forecast: FOMC, GDP, Greece and Much More Ahead

  4. Forex News

    Trading Video: Sentiment, Dollar and Euro All At-Risk Next Week

  5. Forex News

    IBM, Google and Others Take an FX Revenue Hit in Q1

Trading Center