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

By FXstreet.com | August 06, 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”.



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center