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”.



Related Forex Analysis
  1. USD to gain further support, ECB in focus - Commerzbank
    Forex News

    USD to gain further support, ECB in focus - Commerzbank

  2. EUR/USD downtrend set to continue in the coming weeks - UBS
    Forex News

    EUR/USD downtrend set to continue in the coming weeks - UBS

  3. EUR/USD refuses to stay below 1.2500
    Forex News

    EUR/USD refuses to stay below 1.2500

  4. EUR/USD drops below 1.2500 for first time in 2 years
    Forex News

    EUR/USD drops below 1.2500 for first time in 2 years

  5. EUR/USD breaks down to fresh lows
    Forex News

    EUR/USD breaks down to fresh lows

Trading Center