1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

ECB meet to be the focal point of the week – Deutsche Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Research Team at Deutsche Bank, suggest that a big focal point of the week ahead is likely to be the ECB meeting on Thursday.

    Key Quotes

    “Recent developments have strengthened the house view that the ECB will announce a 6 month extension to QE at the December 3rd meeting, although a deposit rate cut is not ruled out.”

    “Our guys think Mario Draghi has a communications challenge this week. He will want to reiterate the dovish message of an ECB “ready, willing and capable” of action. At the same time, the ECB does not want the market pricing a policy outcome that is not justified by what they see as current fundamentals. Striking the right balance might lead to a sense of restrained dovishness. Also, expect Draghi to be asked to clarify whether the depo rate is at the lower bound which may give clues as to the composition of future easing.”
    For more information, read our latest forex news.
     

Share This Page