Central Banks


ECB meet this week – preview (& where for the euro)




Preview of the European Central Bank meeting this week via CBA:

  • We expect EUR/USD to edge higher this week. 
  • The ECB is widely expected to keep interest rates on hold Thursday. However, we anticipate the ECB will signal a gradual shift towards a less accommodative monetary policy stance which is EUR supportive. 
  • Specifically, the ECB will likely confirm the termination of its €30bn/month asset purchases for end-September and provide a guide on how long they will reinvest maturing assets. Improving Eurozone inflation dynamics also suggests the ECB will raise its headline CPI inflation projections (currently 1.4% for 2018 and 2019 and 1.7% for 2020).


































Source link

Articles You May Like

Cable moves towards test of 100-hour moving average as pound climbs ahead of key data
AUD/JPY GBP/USD trade Best Forex Trading System 18 OCT 2018 Review -forex trading systems that work
Forex options expiring Wednesday and Thursday
The CHF is the strongest and the USD is the weakest as NA traders enter
AUD/USD USD/CAD trade Best Forex Trading System 16 OCT 2018 Review -forex trading systems that work

Leave a Reply

Your email address will not be published. Required fields are marked *